Rockland Trust Co. Has $2.64 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Rockland Trust Co. cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 21.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,140 shares of the e-commerce giant’s stock after selling 3,910 shares during the quarter. Rockland Trust Co.’s holdings in Amazon.com were worth $2,635,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Citizens Financial Corp lifted its position in Amazon.com by 8.4% in the third quarter. First Citizens Financial Corp now owns 1,568 shares of the e-commerce giant’s stock worth $292,000 after purchasing an additional 122 shares during the period. Duncan Williams Asset Management LLC raised its stake in shares of Amazon.com by 33.3% in the 3rd quarter. Duncan Williams Asset Management LLC now owns 13,123 shares of the e-commerce giant’s stock valued at $2,445,000 after buying an additional 3,277 shares in the last quarter. Capital Market Strategies LLC lifted its holdings in shares of Amazon.com by 2.7% during the 3rd quarter. Capital Market Strategies LLC now owns 9,396 shares of the e-commerce giant’s stock worth $1,751,000 after acquiring an additional 246 shares during the period. Apella Capital LLC lifted its holdings in shares of Amazon.com by 9.6% during the 3rd quarter. Apella Capital LLC now owns 25,745 shares of the e-commerce giant’s stock worth $4,757,000 after acquiring an additional 2,257 shares during the period. Finally, Delta Financial Group Inc. boosted its position in shares of Amazon.com by 3.4% during the 3rd quarter. Delta Financial Group Inc. now owns 21,608 shares of the e-commerce giant’s stock valued at $4,026,000 after acquiring an additional 708 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Barclays increased their price target on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Needham & Company LLC reissued a “buy” rating and issued a $210.00 target price on shares of Amazon.com in a report on Thursday, October 24th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Amazon.com in a research note on Thursday, September 19th. Roth Mkm increased their price objective on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Pivotal Research began coverage on Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $236.76.

Amazon.com Stock Down 3.3 %

Shares of NASDAQ AMZN opened at $186.40 on Friday. Amazon.com, Inc. has a 52-week low of $131.71 and a 52-week high of $201.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a market cap of $1.96 trillion, a P/E ratio of 44.59, a P/E/G ratio of 1.38 and a beta of 1.14. The firm has a 50 day moving average price of $184.40 and a 200 day moving average price of $183.65.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,855 shares of company stock worth $9,215,048. Corporate insiders own 10.80% of the company’s stock.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.