Amazon.com, Inc. (NASDAQ:AMZN) is Essex Savings Bank’s 9th Largest Position

Essex Savings Bank lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,329 shares of the e-commerce giant’s stock after buying an additional 663 shares during the quarter. Amazon.com makes up about 1.8% of Essex Savings Bank’s holdings, making the stock its 9th biggest holding. Essex Savings Bank’s holdings in Amazon.com were worth $7,312,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. USA Financial Formulas purchased a new position in Amazon.com in the fourth quarter worth about $1,362,000. St. Louis Financial Planners Asset Management LLC purchased a new position in Amazon.com in the 4th quarter worth approximately $2,838,000. BluePath Capital Management LLC lifted its position in Amazon.com by 8.4% in the 4th quarter. BluePath Capital Management LLC now owns 15,897 shares of the e-commerce giant’s stock valued at $3,473,000 after acquiring an additional 1,229 shares in the last quarter. Sendero Wealth Management LLC boosted its stake in Amazon.com by 2.4% during the 4th quarter. Sendero Wealth Management LLC now owns 91,107 shares of the e-commerce giant’s stock valued at $19,988,000 after purchasing an additional 2,125 shares during the last quarter. Finally, Sawyer & Company Inc increased its holdings in shares of Amazon.com by 0.5% in the 4th quarter. Sawyer & Company Inc now owns 17,599 shares of the e-commerce giant’s stock worth $3,861,000 after purchasing an additional 87 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $238.15 on Wednesday. The business has a 50-day simple moving average of $220.95 and a 200-day simple moving average of $197.72. The company has a market cap of $2.50 trillion, a PE ratio of 51.00, a P/E/G ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $241.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last released 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 business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the firm posted $0.85 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts forecast that Amazon.com, Inc. will post 5.39 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the sale, the director now directly owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 over the last three months. 10.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMZN. Scotiabank upped their price target on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. Telsey Advisory Group upped their target price on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. JMP Securities reiterated a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research note on Friday, January 10th. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Raymond James raised their target price on shares of Amazon.com from $230.00 to $260.00 and gave the stock a “strong-buy” rating in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $249.46.

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.