First County Bank CT Has $2.86 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

First County Bank CT lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 15,038 shares of the e-commerce giant’s stock after selling 161 shares during the period. Amazon.com makes up 1.6% of First County Bank CT’s investment portfolio, making the stock its 12th biggest holding. First County Bank CT’s holdings in Amazon.com were worth $2,861,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Tallon Kerry Patrick acquired a new position in Amazon.com in the fourth quarter worth about $800,000. Capital & Planning LLC raised its position in Amazon.com by 72.1% in the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock worth $856,000 after purchasing an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC raised its position in Amazon.com by 1.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock worth $10,839,000 after purchasing an additional 860 shares in the last quarter. Red Door Wealth Management LLC raised its position in Amazon.com by 3.6% in the fourth quarter. Red Door Wealth Management LLC now owns 106,358 shares of the e-commerce giant’s stock worth $23,334,000 after purchasing an additional 3,652 shares in the last quarter. Finally, Seros Financial LLC acquired a new position in Amazon.com in the fourth quarter worth about $1,602,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

AMZN has been the subject of several recent research reports. Scotiabank dropped their price target on shares of 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. Loop Capital upped their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Citizens Jmp decreased their price objective on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. UBS Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Finally, Westpark Capital reaffirmed a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $244.89.

Amazon.com Trading Up 0.3%

Shares of NASDAQ:AMZN opened at $217.61 on Wednesday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company’s fifty day simple moving average is $193.04 and its 200 day simple moving average is $209.02. The firm has a market cap of $2.31 trillion, a price-to-earnings ratio of 39.35, a PEG ratio of 1.50 and a beta of 1.33.

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

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.