Webster Bank N. A. Purchases 205 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Webster Bank N. A. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,769 shares of the e-commerce giant’s stock after purchasing an additional 205 shares during the quarter. Amazon.com makes up about 2.5% of Webster Bank N. A.’s investment portfolio, making the stock its 8th largest position. Webster Bank N. A.’s holdings in Amazon.com were worth $22,978,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com in the 4th quarter valued at $27,000. Accordant Advisory Group Inc boosted its stake in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. LSV Asset Management acquired a new stake in Amazon.com in the 4th quarter valued at $35,000. Perritt Capital Management Inc boosted its stake in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc acquired a new stake in Amazon.com in the 4th quarter valued at $51,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 1.6%

NASDAQ:AMZN opened at $216.98 on Tuesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. 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 stock has a market cap of $2.30 trillion, a price-to-earnings ratio of 39.24, a PEG ratio of 1.50 and a beta of 1.33. The stock has a 50-day moving average price of $192.26 and a two-hundred day moving average price of $208.96.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on AMZN shares. Raymond James reaffirmed an “outperform” rating and issued a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Citigroup reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, June 2nd. UBS Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Scotiabank cut their price objective on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a research report on Monday, April 21st. Finally, Bank of America lifted their price objective on Amazon.com from $230.00 to $248.00 and gave the company a “buy” rating in a research report on Monday, June 2nd. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.89.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the transaction, the director now directly owns 5,465 shares of the company’s stock, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $204.98, for a total value of $512,450.00. Following the transaction, the chief executive officer now owns 517,050 shares of the company’s stock, valued at approximately $105,984,909. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,037 shares of company stock valued at $20,531,075. Company insiders own 9.70% of the company’s stock.

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.