Ledyard National Bank Sells 1,028 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ledyard National Bank lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 97,996 shares of the e-commerce giant’s stock after selling 1,028 shares during the period. Amazon.com comprises approximately 1.7% of Ledyard National Bank’s holdings, making the stock its 11th biggest position. Ledyard National Bank’s holdings in Amazon.com were worth $18,260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Garrison Point Advisors LLC lifted its stake in Amazon.com by 0.3% in the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after purchasing an additional 55 shares during the last quarter. Meridian Investment Counsel Inc. lifted its stake in shares of Amazon.com by 1.8% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after acquiring an additional 55 shares during the last quarter. O Connor Financial Group LLC boosted its holdings in Amazon.com by 2.2% during the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock valued at $473,000 after acquiring an additional 55 shares during the period. Cherrydale Wealth Management LLC grew its position in Amazon.com by 0.7% in the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock valued at $1,396,000 after acquiring an additional 55 shares during the last quarter. Finally, O Dell Group LLC increased its stake in Amazon.com by 0.4% in the first quarter. O Dell Group LLC now owns 13,638 shares of the e-commerce giant’s stock worth $2,460,000 after purchasing an additional 57 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,011,423 shares of company stock worth $1,249,093,896. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $197.12 on Friday. Amazon.com, Inc. has a twelve month low of $142.81 and a twelve month high of $215.90. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.07 trillion, a PE ratio of 42.21, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The company’s 50 day moving average is $193.00 and its 200 day moving average is $186.31.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 earnings per share. On average, sell-side analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the topic of several recent analyst reports. UBS Group raised their price target on shares of Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $197.00 price target on shares of Amazon.com in a research note on Wednesday. Royal Bank of Canada increased their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. The Goldman Sachs Group lifted their target price on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Robert W. Baird upped their target price on Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $235.77.

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.