Nixon Peabody Trust Co. Purchases 1,331 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Nixon Peabody Trust Co. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 201,446 shares of the e-commerce giant’s stock after acquiring an additional 1,331 shares during the quarter. Amazon.com comprises 3.1% of Nixon Peabody Trust Co.’s investment portfolio, making the stock its 8th biggest holding. Nixon Peabody Trust Co.’s holdings in Amazon.com were worth $37,535,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in AMZN. Meeder Advisory Services Inc. increased its stake in shares of Amazon.com by 3.3% in the 3rd quarter. Meeder Advisory Services Inc. now owns 161,860 shares of the e-commerce giant’s stock valued at $30,159,000 after acquiring an additional 5,244 shares in the last quarter. Semus Wealth Partners LLC grew its holdings in Amazon.com by 0.3% in the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock worth $3,339,000 after purchasing an additional 49 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in Amazon.com in the third quarter valued at $215,000. Jackson Hill Advisors LLC raised its holdings in shares of Amazon.com by 11.2% during the third quarter. Jackson Hill Advisors LLC now owns 112,000 shares of the e-commerce giant’s stock valued at $20,869,000 after purchasing an additional 11,250 shares during the period. Finally, Napa Wealth Management raised its holdings in shares of Amazon.com by 177.6% during the third quarter. Napa Wealth Management now owns 9,567 shares of the e-commerce giant’s stock valued at $1,783,000 after purchasing an additional 6,121 shares during the period. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 1.5 %

Shares of Amazon.com stock opened at $223.75 on Monday. The company’s 50 day moving average price is $209.73 and its 200-day moving average price is $192.89. Amazon.com, Inc. has a 52-week low of $144.05 and a 52-week high of $233.00. 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 stock has a market capitalization of $2.35 trillion, a price-to-earnings ratio of 47.91, a P/E/G ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. 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 previous year, the company earned $0.85 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on AMZN shares. Piper Sandler boosted their target price on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a report on Monday, October 7th. Benchmark lifted their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets restated an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a report on Tuesday, December 3rd. Finally, Monness Crespi & Hardt lifted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

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.