Amazon.com, Inc. (NASDAQ:AMZN) Holdings Decreased by Webster Bank N. A.

Webster Bank N. A. trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,564 shares of the e-commerce giant’s stock after selling 1,331 shares during the quarter. Amazon.com comprises about 2.8% of Webster Bank N. A.’s investment portfolio, making the stock its 7th biggest holding. Webster Bank N. A.’s holdings in Amazon.com were worth $26,451,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Fiera Capital Corp grew its stake in shares of Amazon.com by 12.5% in the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after buying an additional 44,615 shares during the last quarter. Wealthgate Family Office LLC bought a new stake in Amazon.com in the second quarter worth $262,000. Purus Wealth Management LLC grew its stake in shares of Amazon.com by 4.9% in the second quarter. Purus Wealth Management LLC now owns 48,999 shares of the e-commerce giant’s stock worth $9,469,000 after acquiring an additional 2,275 shares during the last quarter. Argent Trust Co increased its holdings in shares of Amazon.com by 2.6% during the second quarter. Argent Trust Co now owns 222,134 shares of the e-commerce giant’s stock valued at $42,927,000 after acquiring an additional 5,631 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Amazon.com by 5.9% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 317,914 shares of the e-commerce giant’s stock worth $61,437,000 after purchasing an additional 17,832 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,848 shares of company stock valued at $11,368,639 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $228.68 on Friday. The company has a market cap of $2.40 trillion, a P/E ratio of 41.35, a P/E/G ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. 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 firm’s fifty day moving average is $228.21 and its two-hundred day moving average is $202.30.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. As a group, analysts anticipate that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of a number of analyst reports. Phillip Securities lowered shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Sanford C. Bernstein upped their price objective on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Evercore ISI lifted their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Monness Crespi & Hardt upped their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Mizuho increased their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $260.74.

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.