Amazon.com, Inc. (NASDAQ:AMZN) is Webster Bank N. A.’s 7th Largest Position

Webster Bank N. A. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 123,836 shares of the e-commerce giant’s stock after buying an additional 4,258 shares during the quarter. Amazon.com comprises about 2.3% of Webster Bank N. A.’s investment portfolio, making the stock its 7th largest holding. Webster Bank N. A.’s holdings in Amazon.com were worth $18,816,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Bridgefront Capital LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $228,000. Krane Funds Advisors LLC raised its position in shares of Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after purchasing an additional 55 shares during the last quarter. Range Financial Group LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $258,000. My Personal CFO LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $261,000. Finally, Worth Asset Management LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $191,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,213,510 shares of company stock valued at $5,505,798,456. 12.70% of the stock is owned by company insiders.

Amazon.com Trading Down 1.1 %

AMZN opened at $181.28 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The company’s 50 day simple moving average is $177.09 and its two-hundred day simple moving average is $156.36. The firm has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 62.51, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16. Amazon.com, Inc. has a 1-year low of $101.15 and a 1-year high of $189.77.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. Analysts expect that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMZN. Morgan Stanley increased their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. BMO Capital Markets began coverage on shares of Amazon.com in a report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 target price for the company. Oppenheimer upped their price target on shares of Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Stifel Nicolaus increased their price target on Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $202.80.

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.