First County Bank CT Trims Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

First County Bank CT lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,168 shares of the e-commerce giant’s stock after selling 2,401 shares during the period. Amazon.com makes up 2.5% of First County Bank CT’s portfolio, making the stock its 8th biggest position. First County Bank CT’s holdings in Amazon.com were worth $4,864,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Savvy Advisors Inc. raised its position in shares of Amazon.com by 213.4% during the second quarter. Savvy Advisors Inc. now owns 23,260 shares of the e-commerce giant’s stock worth $4,495,000 after purchasing an additional 15,838 shares during the period. Scientech Research LLC raised its position in shares of Amazon.com by 176.0% during the second quarter. Scientech Research LLC now owns 12,454 shares of the e-commerce giant’s stock worth $2,407,000 after purchasing an additional 7,941 shares during the period. Sculptor Capital LP raised its position in shares of Amazon.com by 29.2% during the second quarter. Sculptor Capital LP now owns 1,348,611 shares of the e-commerce giant’s stock worth $260,619,000 after purchasing an additional 304,500 shares during the period. Select Equity Group L.P. raised its position in shares of Amazon.com by 2.0% during the second quarter. Select Equity Group L.P. now owns 524,754 shares of the e-commerce giant’s stock worth $101,409,000 after purchasing an additional 10,235 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Amazon.com by 1.5% during the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock worth $13,466,933,000 after purchasing an additional 1,042,177 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $187.83 on Friday. The business has a fifty day simple moving average of $183.50 and a 200 day simple moving average of $183.56. The company has a market capitalization of $1.95 trillion, a PE ratio of 52.61, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. 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 released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Research analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current year.

Insider Activity

In other news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 54,355 shares of company stock worth $9,877,423. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on AMZN. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price target on shares of Amazon.com in a research report on Thursday. Sanford C. Bernstein raised their price target on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a research report on Monday, October 7th. Jefferies Financial Group dropped their target price on Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, UBS Group lifted their target price on Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $236.78.

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.