NBT Bank N A NY lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,047 shares of the e-commerce giant’s stock after acquiring an additional 1,360 shares during the quarter. Amazon.com accounts for about 1.5% of NBT Bank N A NY’s holdings, making the stock its 9th biggest position. NBT Bank N A NY’s holdings in Amazon.com were worth $21,730,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of AMZN. Carderock Capital Management Inc. purchased a new stake in shares of Amazon.com during the 2nd quarter worth approximately $27,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com during the 1st quarter worth approximately $40,000. Capitol Family Office Inc. purchased a new stake in shares of Amazon.com during the 1st quarter worth approximately $42,000. Finally, Maryland Capital Advisors Inc. increased its stake in shares of Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Amazon.com Stock Up 1.4%
Shares of NASDAQ AMZN opened at $224.21 on Monday. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The firm has a fifty day moving average of $225.10 and a 200-day moving average of $214.44. The stock has a market capitalization of $2.39 trillion, a PE ratio of 34.18, a P/E/G ratio of 1.48 and a beta of 1.28. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on AMZN shares. Telsey Advisory Group reissued an “outperform” rating and set a $265.00 price objective on shares of Amazon.com in a research note on Wednesday, September 24th. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Weiss Ratings cut shares of Amazon.com from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Needham & Company LLC reissued a “buy” rating and set a $265.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, October 20th. Four investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and an average target price of $268.69.
Read Our Latest Stock Report on AMZN
Insider Activity at Amazon.com
In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total transaction of $542,750.00. Following the transaction, the chief executive officer owned 515,507 shares in the company, valued at approximately $111,916,569.70. The trade was a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 2,715 shares of Amazon.com stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the transaction, the vice president owned 119,780 shares in the company, valued at $26,548,039.20. The trade was a 2.22% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,911 shares of company stock worth $21,765,202. 10.80% of the stock is owned by corporate 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.
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