Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Boosted by Amalgamated Bank

Amalgamated Bank lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,057,992 shares of the e-commerce giant’s stock after purchasing an additional 49,479 shares during the period. Amazon.com comprises 3.4% of Amalgamated Bank’s holdings, making the stock its 4th biggest position. Amalgamated Bank’s holdings in Amazon.com were worth $391,554,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Tallon Kerry Patrick purchased a new position in Amazon.com in the fourth quarter worth $800,000. LaFleur & Godfrey LLC raised its position in shares of 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 acquiring an additional 860 shares during the period. Brighton Jones LLC raised its position in shares of Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after acquiring an additional 397,007 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Amazon.com in the fourth quarter worth about $301,650,000. Finally, Revolve Wealth Partners LLC increased its stake in shares of Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after purchasing an additional 986 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,339,470 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $229.39, for a total transaction of $536,651,023.30. Following the completion of the transaction, the insider directly owned 887,933,999 shares of the company’s stock, valued at $203,683,180,030.61. This represents a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the transaction, the chief executive officer owned 514,550 shares of the company’s stock, valued at $113,231,873. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,947,939 shares of company stock valued at $4,720,588,785 in the last quarter. 9.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. DA Davidson dropped their price target on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 14th. BNP Paribas Exane raised shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price objective for the company in a research report on Friday, June 27th. Morgan Stanley lifted their price target on shares of Amazon.com from $250.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Truist Financial lifted their price objective on shares of Amazon.com from $226.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Finally, Westpark Capital reiterated a “buy” rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $254.33.

Amazon.com Stock Performance

Shares of AMZN opened at $228.29 on Thursday. The company’s fifty day moving average is $214.60 and its 200-day moving average is $208.81. 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 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.42 trillion, a price-to-earnings ratio of 37.18, a price-to-earnings-growth ratio of 1.70 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the previous year, the business earned $0.98 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. Equities analysts expect 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.