Norway Savings Bank Sells 118 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Norway Savings Bank cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,758 shares of the e-commerce giant’s stock after selling 118 shares during the quarter. Amazon.com comprises about 2.8% of Norway Savings Bank’s holdings, making the stock its 6th largest position. Norway Savings Bank’s holdings in Amazon.com were worth $5,172,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in Amazon.com by 0.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock valued at $550,217,000 after buying an additional 14,766 shares during the period. GAMMA Investing LLC increased its stake in shares of Amazon.com by 19.2% in the 3rd quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock valued at $22,211,000 after acquiring an additional 19,231 shares in the last quarter. Stonekeep Investments LLC acquired a new position in shares of Amazon.com during the 2nd quarter valued at $2,588,000. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Amazon.com by 164.1% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock worth $203,677,000 after acquiring an additional 654,908 shares in the last quarter. Finally, Rockport Wealth LLC grew its holdings in Amazon.com by 2,240.6% in the second quarter. Rockport Wealth LLC now owns 76,749 shares of the e-commerce giant’s stock worth $14,832,000 after purchasing an additional 73,470 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the sale, the insider now directly owns 914,420,614 shares in the company, valued at $189,056,461,944.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, 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. Insiders have sold 6,053,349 shares of company stock valued at $1,256,503,289 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Trading Up 1.0 %

Shares of AMZN opened at $208.91 on Wednesday. The firm has a market cap of $2.20 trillion, a P/E ratio of 44.73, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $139.52 and a fifty-two week high of $212.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The business has a 50-day moving average of $188.40 and a 200 day moving average of $184.95.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 earnings per share. As a group, research analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AMZN shares. Scotiabank upped their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a report on Friday, November 1st. Stifel Nicolaus upped their price target on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Loop Capital raised their price objective on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Morgan Stanley upped their target price on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $234.55.

Amazon.com Company Profile

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.