Amalgamated Bank Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Amalgamated Bank boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,036,099 shares of the e-commerce giant’s stock after purchasing an additional 59,523 shares during the quarter. Amazon.com comprises about 3.1% of Amalgamated Bank’s portfolio, making the stock its 4th biggest holding. Amalgamated Bank’s holdings in Amazon.com were worth $379,386,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. PayPay Securities Corp increased its stake in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the period. Hoese & Co LLP bought a new position in Amazon.com during the 3rd quarter worth $37,000. Bull Oak Capital LLC bought a new position in Amazon.com during the 3rd quarter worth $45,000. Christopher J. Hasenberg Inc increased its stake in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares during the period. Finally, Values First Advisors Inc. acquired a new stake in shares of Amazon.com in the 3rd quarter valued at $56,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

AMZN opened at $227.46 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.39 trillion, a price-to-earnings ratio of 48.71, a PEG ratio of 1.54 and a beta of 1.16. The company’s fifty day moving average price is $201.65 and its two-hundred day moving average price is $189.67. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $231.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Activity

In related news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction 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 $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,034,534 shares of company stock worth $1,253,883,872. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AMZN has been the topic of a number of research analyst reports. Piper Sandler raised their target price on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Rosenblatt Securities upped their price target on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen upped their price target on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday. Mizuho upped their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Pivotal Research initiated coverage on shares of Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $238.87.

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.