Amazon.com, Inc. (NASDAQ:AMZN) Holdings Raised by Community Bank N.A.

Community Bank N.A. grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,887 shares of the e-commerce giant’s stock after acquiring an additional 1,609 shares during the quarter. Amazon.com makes up approximately 1.0% of Community Bank N.A.’s holdings, making the stock its 24th largest position. Community Bank N.A.’s holdings in Amazon.com were worth $7,589,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $27,000. LSV Asset Management bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $35,000. Perritt Capital Management Inc grew its stake in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 80 shares during the last quarter. Compass Planning Associates Inc bought a new position in Amazon.com during the 4th quarter worth $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in Amazon.com during the 4th quarter worth $54,000. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on AMZN shares. Citigroup restated a “buy” rating on shares of Amazon.com in a research note on Monday, June 2nd. Jefferies Financial Group lowered their price objective on Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Telsey Advisory Group restated an “outperform” rating and set a $235.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Moffett Nathanson upped their price objective on Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a research note on Tuesday, June 24th. Finally, JMP Securities restated a “market outperform” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $245.60.

Amazon.com Trading Up 1.5%

NASDAQ:AMZN opened at $223.13 on Monday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The firm has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.34, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. The stock has a fifty day simple moving average of $206.44 and a 200 day simple moving average of $208.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the sale, the senior vice president directly owned 47,030 shares of the company’s stock, valued at approximately $9,519,342.30. This represents a 22.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total value of $3,577,867.50. Following the completion of the sale, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at approximately $9,876,930. This represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,426,963 shares of company stock worth $757,297,707. 10.80% of the stock is currently owned by company insiders.

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.