Mechanics Bank Trust Department Acquires 101 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mechanics Bank Trust Department boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,196 shares of the e-commerce giant’s stock after purchasing an additional 101 shares during the quarter. Amazon.com comprises 1.5% of Mechanics Bank Trust Department’s portfolio, making the stock its 13th biggest holding. Mechanics Bank Trust Department’s holdings in Amazon.com were worth $11,216,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Montis Financial LLC increased its stake in Amazon.com by 39.4% in the 3rd quarter. Montis Financial LLC now owns 7,651 shares of the e-commerce giant’s stock worth $1,426,000 after acquiring an additional 2,162 shares during the last quarter. HCR Wealth Advisors increased its stake in Amazon.com by 3.2% in the 3rd quarter. HCR Wealth Advisors now owns 51,334 shares of the e-commerce giant’s stock worth $9,565,000 after acquiring an additional 1,611 shares during the last quarter. Avondale Wealth Management increased its stake in Amazon.com by 4.0% in the 3rd quarter. Avondale Wealth Management now owns 7,840 shares of the e-commerce giant’s stock worth $1,461,000 after acquiring an additional 300 shares during the last quarter. Burns Matteson Capital Management LLC increased its stake in Amazon.com by 12.5% in the 3rd quarter. Burns Matteson Capital Management LLC now owns 15,196 shares of the e-commerce giant’s stock worth $2,831,000 after acquiring an additional 1,693 shares during the last quarter. Finally, Code Waechter LLC purchased a new position in shares of Amazon.com in the 3rd quarter worth approximately $749,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,859 shares of company stock valued at $10,215,097 over the last quarter. 10.80% of the stock is currently owned by insiders.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $208.18 on Friday. The business has a 50 day simple moving average of $187.83 and a two-hundred day simple moving average of $184.62. Amazon.com, Inc. has a 12 month low of $139.52 and a 12 month high of $212.25. The stock has a market capitalization of $2.19 trillion, a P/E ratio of 44.58, a PEG ratio of 1.40 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm earned $0.85 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. As a group, analysts predict that Amazon.com, Inc. will post 5.24 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on AMZN. TD Cowen lifted their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Bank of America lifted their target price on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Amazon.com in a report on Friday, November 1st. DA Davidson reiterated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, October 10th. Finally, Telsey Advisory Group lifted their target price on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.55.

Amazon.com Company 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.