Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by United Community Bank

United Community Bank increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,293 shares of the e-commerce giant’s stock after buying an additional 125 shares during the quarter. Amazon.com comprises 1.1% of United Community Bank’s portfolio, making the stock its 14th largest position. United Community Bank’s holdings in Amazon.com were worth $2,916,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the company. Strategic Equity Management acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $373,000. Jordan Park Trust Co LLC bought a new position in Amazon.com in the fourth quarter worth about $356,000. Permanent Capital Management LP acquired a new position in Amazon.com in the fourth quarter valued at approximately $1,497,000. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Amazon.com by 3.9% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 156,026 shares of the e-commerce giant’s stock worth $34,231,000 after purchasing an additional 5,845 shares during the last quarter. Finally, Naviter Wealth LLC grew its stake in Amazon.com by 43.3% during the 4th quarter. Naviter Wealth LLC now owns 74,719 shares of the e-commerce giant’s stock worth $16,393,000 after buying an additional 22,570 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $191.10 on Thursday. The firm has a market capitalization of $2.03 trillion, a price-to-earnings ratio of 34.56, a PEG ratio of 1.50 and a beta of 1.39. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $206.49 and a 200 day simple moving average of $208.56. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Amazon.com from $270.00 to $220.00 and set an “overweight” rating on the stock in a research report on Tuesday. DA Davidson upped their price objective on shares of Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Cantor Fitzgerald restated an “overweight” rating and set a $270.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Tigress Financial raised their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, Oppenheimer lifted their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $259.04.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now owns 505,318 shares in the company, valued at $115,434,843.92. The trade was a 1.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is currently owned by company insiders.

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.