Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by First National Bank & Trust Co. of Newtown

First National Bank & Trust Co. of Newtown lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,261 shares of the e-commerce giant’s stock after acquiring an additional 100 shares during the period. First National Bank & Trust Co. of Newtown’s holdings in Amazon.com were worth $980,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in AMZN. City State Bank grew its position in Amazon.com by 1.7% in the second quarter. City State Bank now owns 15,770 shares of the e-commerce giant’s stock worth $3,048,000 after buying an additional 270 shares during the last quarter. Monterey Private Wealth Inc. grew its holdings in shares of Amazon.com by 6.5% in the 2nd quarter. Monterey Private Wealth Inc. now owns 12,288 shares of the e-commerce giant’s stock worth $2,375,000 after acquiring an additional 755 shares during the last quarter. Lynx Investment Advisory acquired a new stake in shares of Amazon.com during the second quarter worth $2,609,000. New England Research & Management Inc. lifted its holdings in shares of Amazon.com by 7.4% during the second quarter. New England Research & Management Inc. now owns 10,109 shares of the e-commerce giant’s stock valued at $1,954,000 after purchasing an additional 696 shares during the last quarter. Finally, Marion Wealth Management boosted its position in shares of Amazon.com by 9.4% in the 2nd quarter. Marion Wealth Management now owns 4,911 shares of the e-commerce giant’s stock valued at $949,000 after purchasing an additional 422 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on AMZN shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research note on Tuesday, December 3rd. Monness Crespi & Hardt raised their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Robert W. Baird boosted their target price on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday. Roth Mkm raised their target price on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a report on Monday, October 7th. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $240.67.

Amazon.com Trading Up 2.4 %

Shares of Amazon.com stock opened at $232.93 on Tuesday. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $233.00. The company’s fifty day simple moving average is $202.70 and its 200-day simple moving average is $190.16. The company has a market cap of $2.45 trillion, a price-to-earnings ratio of 49.88, a PEG ratio of 1.54 and a beta of 1.16. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 3.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,034,534 shares of company stock valued at $1,253,883,872 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com 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.