Enterprise Bank & Trust Co Has $8.15 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Enterprise Bank & Trust Co raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 43,763 shares of the e-commerce giant’s stock after purchasing an additional 641 shares during the period. Amazon.com accounts for about 2.6% of Enterprise Bank & Trust Co’s investment portfolio, making the stock its 8th biggest holding. Enterprise Bank & Trust Co’s holdings in Amazon.com were worth $8,154,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Adirondack Trust Co. boosted its stake in shares of Amazon.com by 0.3% in the third quarter. Adirondack Trust Co. now owns 36,944 shares of the e-commerce giant’s stock worth $6,884,000 after acquiring an additional 100 shares during the period. Sanibel Captiva Trust Company Inc. boosted its stake in shares of Amazon.com by 0.9% in the third quarter. Sanibel Captiva Trust Company Inc. now owns 314,679 shares of the e-commerce giant’s stock worth $58,634,000 after acquiring an additional 2,843 shares during the period. Wedmont Private Capital boosted its stake in shares of Amazon.com by 5.7% in the third quarter. Wedmont Private Capital now owns 130,224 shares of the e-commerce giant’s stock worth $23,545,000 after acquiring an additional 6,969 shares during the period. Marcum Wealth LLC boosted its stake in shares of Amazon.com by 5.6% in the third quarter. Marcum Wealth LLC now owns 37,810 shares of the e-commerce giant’s stock worth $7,045,000 after acquiring an additional 1,989 shares during the period. Finally, Hexagon Capital Partners LLC boosted its stake in shares of Amazon.com by 25.2% in the third quarter. Hexagon Capital Partners LLC now owns 25,924 shares of the e-commerce giant’s stock worth $4,830,000 after acquiring an additional 5,224 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 1.9 %

Shares of NASDAQ:AMZN opened at $199.50 on Wednesday. Amazon.com, Inc. has a 52-week low of $138.36 and a 52-week high of $201.20. The stock has a market cap of $2.09 trillion, a P/E ratio of 42.72, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The business’s 50 day moving average is $185.75 and its 200 day moving average is $184.07. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will post 4.98 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AMZN shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $230.00 price objective on shares of Amazon.com in a research note on Monday, October 7th. JPMorgan Chase & Co. upped their price objective on Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Telsey Advisory Group increased their price target on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Wolfe Research initiated coverage on Amazon.com in a research note on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price target for the company. Finally, Monness Crespi & Hardt increased their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $246.48.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 9,490 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.88, for a total transaction of $1,716,551.20. Following the sale, the senior vice president now owns 64,610 shares of the company’s stock, valued at approximately $11,686,656.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, 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. Insiders have sold a total of 55,859 shares of company stock valued at $10,215,097 over the last quarter. 10.80% of the stock is owned by corporate insiders.

Amazon.com 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.