Cambridge Trust Co. Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cambridge Trust Co. grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 370,341 shares of the e-commerce giant’s stock after acquiring an additional 8,953 shares during the quarter. Amazon.com accounts for about 2.3% of Cambridge Trust Co.’s holdings, making the stock its 5th largest position. Cambridge Trust Co.’s holdings in Amazon.com were worth $56,270,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group boosted its position in shares of Amazon.com by 9.6% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 22,431 shares of the e-commerce giant’s stock valued at $3,408,000 after acquiring an additional 1,964 shares in the last quarter. Delta Financial Advisors LLC lifted its position in shares of Amazon.com by 21.0% during the 4th quarter. Delta Financial Advisors LLC now owns 26,470 shares of the e-commerce giant’s stock worth $4,022,000 after buying an additional 4,600 shares during the period. Strid Group LLC acquired a new stake in Amazon.com in the 4th quarter valued at $43,000. Tufton Capital Management grew its position in Amazon.com by 4.2% in the fourth quarter. Tufton Capital Management now owns 62,430 shares of the e-commerce giant’s stock valued at $9,486,000 after acquiring an additional 2,526 shares during the period. Finally, Curran Financial Partners LLC raised its stake in Amazon.com by 1.2% during the fourth quarter. Curran Financial Partners LLC now owns 6,420 shares of the e-commerce giant’s stock worth $1,007,000 after acquiring an additional 73 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on AMZN. Truist Financial boosted their target price on shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Evercore ISI upped their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Oppenheimer raised their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Raymond James boosted their target price on Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 1st. Finally, Argus raised their price target on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $211.62.

Amazon.com Trading Down 0.4 %

Shares of NASDAQ:AMZN opened at $188.00 on Thursday. The firm has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.66, a PEG ratio of 1.35 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 12 month low of $105.16 and a 12 month high of $189.94. The company’s fifty day simple moving average is $179.60 and its 200 day simple moving average is $161.63.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $173.33, for a total value of $1,039,780,497.17. Following the sale, the insider now owns 970,255,270 shares of the company’s stock, valued at $168,174,345,949.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the sale, the chief executive officer now owns 132,600 shares in the company, valued at $23,868,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $173.33, for a total value of $1,039,780,497.17. Following the transaction, the insider now directly owns 970,255,270 shares of the company’s stock, valued at $168,174,345,949.10. The disclosure for this sale can be found here. Insiders sold 26,198,961 shares of company stock valued at $4,482,430,577 in the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Profile

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.