Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Essex Savings Bank

Essex Savings Bank increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,937 shares of the e-commerce giant’s stock after acquiring an additional 608 shares during the quarter. Amazon.com comprises approximately 1.6% of Essex Savings Bank’s holdings, making the stock its 10th largest holding. Essex Savings Bank’s holdings in Amazon.com were worth $6,457,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new position in Amazon.com during the fourth quarter worth $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the 4th quarter valued at $27,000. LSV Asset Management bought a new stake in Amazon.com in the 4th quarter valued at $35,000. Perritt Capital Management Inc increased its holdings 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 during the period. Finally, Compass Planning Associates Inc bought a new stake in Amazon.com in the 4th quarter valued at $51,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the completion of the sale, the chief executive officer owned 514,550 shares of the company’s stock, valued at $113,231,873. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the sale, the senior vice president directly owned 47,030 shares of the company’s stock, valued at $9,519,342.30. This represents a 22.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,426,963 shares of company stock valued at $757,297,707 over the last three months. 9.70% of the stock is owned by insiders.

Amazon.com Trading Up 1.5%

Shares of Amazon.com stock opened at $223.13 on Friday. The firm has a 50-day moving average of $206.44 and a 200-day moving average of $208.62. The stock has a market cap of $2.37 trillion, a PE ratio of 36.34, a PEG ratio of 1.68 and a beta of 1.33. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last announced 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 net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter in the previous year, the business posted $0.98 earnings per share. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on AMZN. Truist Financial boosted their price target on shares of Amazon.com from $226.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group lowered their price target on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, May 5th. The Goldman Sachs Group lowered their price target on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, JMP Securities reissued a “market outperform” rating on shares of Amazon.com in a report on Tuesday, May 6th. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.60.

About Amazon.com

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.