Cape Cod Five Cents Savings Bank Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cape Cod Five Cents Savings Bank increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 172.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,939 shares of the e-commerce giant’s stock after acquiring an additional 20,213 shares during the period. Cape Cod Five Cents Savings Bank’s holdings in Amazon.com were worth $6,172,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Rench Wealth Management Inc. boosted its position in shares of Amazon.com by 7.9% during the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after buying an additional 3,703 shares during the period. Foundations Investment Advisors LLC grew its position in Amazon.com by 9.7% in the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock valued at $34,395,000 after acquiring an additional 16,392 shares during the last quarter. Umpqua Bank increased its stake in Amazon.com by 0.4% in the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after purchasing an additional 137 shares during the period. Washington Trust Advisors Inc. lifted its position in shares of Amazon.com by 0.4% during the third quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant’s stock worth $41,972,000 after purchasing an additional 982 shares during the last quarter. Finally, Sassicaia Capital Advisers LLC purchased a new stake in shares of Amazon.com during the third quarter valued at $279,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Down 0.3 %

Shares of AMZN opened at $217.76 on Wednesday. The stock has a fifty day moving average price of $217.02 and a two-hundred day moving average price of $195.74. 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 company has a market cap of $2.29 trillion, a price-to-earnings ratio of 46.63, a PEG ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $149.91 and a 52-week high of $233.00.

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. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. Analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on AMZN. Redburn Atlantic boosted their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Piper Sandler increased their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 target price on shares of Amazon.com in a research report on Tuesday, December 10th. Sanford C. Bernstein upped their target price on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Finally, Robert W. Baird raised their price target on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $245.65.

Insider Activity

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 88,203 shares of the company’s stock, valued at $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. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last ninety days. 10.80% of the stock is owned by insiders.

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.