FARMERS & MERCHANTS TRUST Co OF LONG BEACH Purchases 252 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,907 shares of the e-commerce giant’s stock after acquiring an additional 252 shares during the period. Amazon.com comprises 3.2% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s investment portfolio, making the stock its 6th biggest holding. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Amazon.com were worth $12,157,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMZN. Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $30,000. PayPay Securities Corp lifted its position in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares during the last quarter. Clarity Asset Management Inc. acquired a new position in Amazon.com in the fourth quarter valued at $46,000. Christopher J. Hasenberg Inc grew its holdings in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the last quarter. Finally, Steph & Co. acquired a new stake in shares of Amazon.com during the first quarter worth about $65,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 0.8 %

Shares of Amazon.com stock opened at $186.65 on Friday. The business has a 50 day moving average price of $179.11 and a 200 day moving average price of $183.05. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The company has a market capitalization of $1.94 trillion, a P/E ratio of 52.28, a P/E/G ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on AMZN shares. Morgan Stanley reissued an “overweight” rating and issued a $210.00 target price on shares of Amazon.com in a research report on Thursday, October 3rd. Itau BBA Securities lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a research report on Friday, August 2nd. Maxim Group lifted their target price on shares of Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Barclays increased their price target on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Truist Financial lifted their price objective on shares of Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $222.67.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the transaction, the chief executive officer now owns 503,753 shares of the company’s stock, valued at approximately $95,335,255.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the sale, the chief executive officer now directly owns 503,753 shares in the company, valued at approximately $95,335,255.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,355 shares of company stock valued at $9,877,423 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

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.