Massmutual Trust Co. FSB ADV Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Massmutual Trust Co. FSB ADV increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.7% during the 1st quarter, Holdings Channel reports. The fund owned 19,524 shares of the e-commerce giant’s stock after buying an additional 1,057 shares during the quarter. Amazon.com accounts for about 2.4% of Massmutual Trust Co. FSB ADV’s investment portfolio, making the stock its 6th biggest holding. Massmutual Trust Co. FSB ADV’s holdings in Amazon.com were worth $63,647,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AMZN. Norges Bank acquired a new stake in Amazon.com during the 4th quarter worth approximately $14,053,756,000. Castleview Partners LLC acquired a new stake in Amazon.com during the 4th quarter worth approximately $1,143,000. Fairfield Bush & CO. raised its holdings in Amazon.com by 28,715.3% during the 4th quarter. Fairfield Bush & CO. now owns 1,336,741 shares of the e-commerce giant’s stock worth $11,353,000 after buying an additional 1,332,102 shares during the period. State Street Corp raised its holdings in Amazon.com by 4.3% during the 4th quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock worth $56,755,855,000 after buying an additional 698,970 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Amazon.com during the 4th quarter worth approximately $2,059,691,000. Hedge funds and other institutional investors own 72.51% of the company’s stock.

In other news, CFO Brian T. Olsavsky sold 761 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $1,650,776.42. Following the completion of the transaction, the chief financial officer now owns 2,375 shares of the company’s stock, valued at $5,151,897.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David H. Clark sold 2,270 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the completion of the transaction, the chief executive officer now directly owns 6,695 shares of the company’s stock, valued at approximately $14,522,927.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,837 shares of company stock valued at $10,642,923. Insiders own 12.70% of the company’s stock.

AMZN stock opened at $108.95 on Thursday. The company has a market cap of $1.11 trillion, a PE ratio of 52.59, a price-to-earnings-growth ratio of 3.25 and a beta of 1.23. The business has a 50-day simple moving average of $120.84 and a 200 day simple moving average of $145.41. Amazon.com, Inc. has a 52 week low of $101.26 and a 52 week high of $188.65. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.35.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The e-commerce giant reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The company had revenue of $116.44 billion during the quarter, compared to analyst estimates of $116.52 billion. Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $0.79 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 1.22 EPS for the current fiscal year.

A number of analysts have recently issued reports on AMZN shares. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $200.00 price objective on shares of Amazon.com in a report on Tuesday, June 14th. Cowen lowered their price objective on shares of Amazon.com from $220.00 to $212.50 in a report on Friday, April 29th. UBS Group lowered their price objective on shares of Amazon.com from $227.50 to $209.25 in a report on Friday, April 29th. Benchmark lowered their price objective on shares of Amazon.com from $200.00 to $185.00 in a report on Friday, April 29th. Finally, Evercore ISI lowered their price objective on shares of Amazon.com from $215.00 to $205.00 in a report on Friday, April 29th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and thirty-seven have issued a buy rating to the stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $187.67.

About Amazon.com (Get Rating)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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