Cambridge Trust Co. Reduces Position in Amazon.com, Inc. (NASDAQ:AMZN)

Cambridge Trust Co. lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 317,065 shares of the e-commerce giant’s stock after selling 18,190 shares during the quarter. Cambridge Trust Co.’s holdings in Amazon.com were worth $26,633,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Dohj LLC lifted its position in Amazon.com by 1.8% during the 3rd quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock worth $2,807,000 after acquiring an additional 451 shares during the period. Bassett Hargrove Investment Counsel LLC acquired a new stake in Amazon.com during the 3rd quarter worth approximately $2,120,000. Obermeyer Wood Investment Counsel Lllp lifted its position in Amazon.com by 1.2% during the 3rd quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock worth $35,405,000 after acquiring an additional 3,840 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Amazon.com by 0.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 4,185,666 shares of the e-commerce giant’s stock valued at $472,980,000 after buying an additional 32,781 shares during the period. Finally, West Coast Financial LLC acquired a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $210,000. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several recent analyst reports. Tigress Financial reissued a “buy” rating and issued a $192.00 price target on shares of Amazon.com in a report on Thursday, February 9th. Benchmark raised their price target on Amazon.com from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Barclays raised their price target on Amazon.com from $130.00 to $150.00 in a report on Friday, February 3rd. Oppenheimer raised their price target on Amazon.com from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Finally, UBS Group lifted their price objective on Amazon.com from $118.00 to $127.00 in a report on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $144.72.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $11,368,319.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $11,368,319.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the transaction, the chief executive officer now owns 560,298 shares in the company, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,394 shares of company stock valued at $6,994,626. Company insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $98.95 on Friday. The stock has a 50-day moving average price of $97.01 and a two-hundred day moving average price of $101.53. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The company has a market cap of $1.01 trillion, a PE ratio of -369.20, a price-to-earnings-growth ratio of 3.97 and a beta of 1.25.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The firm had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. During the same period last year, the firm posted $1.39 EPS. Amazon.com’s revenue was up 8.6% on a year-over-year basis. As a group, research analysts predict that Amazon.com, Inc. will post 1.34 EPS for the current year.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.