Community Bank N.A. Acquires 1,529 Shares of Amazon.com, Inc. $AMZN

Community Bank N.A. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,416 shares of the e-commerce giant’s stock after acquiring an additional 1,529 shares during the quarter. Amazon.com comprises about 1.2% of Community Bank N.A.’s investment portfolio, making the stock its 19th biggest holding. Community Bank N.A.’s holdings in Amazon.com were worth $9,086,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in AMZN. Ridgecrest Wealth Partners LLC lifted its stake in shares of Amazon.com by 0.5% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after purchasing an additional 45 shares during the period. Bare Financial Services Inc grew its position in shares of Amazon.com by 5.4% during the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock valued at $177,000 after acquiring an additional 48 shares during the period. Heritage Oak Wealth Advisors LLC increased its stake in shares of Amazon.com by 1.2% in the 2nd quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock worth $862,000 after purchasing an additional 48 shares in the last quarter. Cobblestone Asset Management LLC raised its holdings in Amazon.com by 3.1% in the 2nd quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock worth $367,000 after purchasing an additional 50 shares during the period. Finally, Seek First Inc. lifted its position in Amazon.com by 0.5% during the second quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant’s stock valued at $2,009,000 after purchasing an additional 50 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. Wall Street Zen raised Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Rosenblatt Securities increased their target price on shares of Amazon.com from $298.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 31st. President Capital lifted their price target on shares of Amazon.com from $280.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday. China Renaissance upped their price target on shares of Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $293.42.

Amazon.com Stock Performance

AMZN opened at $249.32 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a market capitalization of $2.66 trillion, a price-to-earnings ratio of 38.01, a PEG ratio of 1.52 and a beta of 1.28. The company has a fifty day moving average of $226.43 and a 200 day moving average of $217.49. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. During the same quarter in the previous year, the company earned $1.43 EPS. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. Amazon.com has set its Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 17,785 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the sale, the chief executive officer directly owned 3,138 shares of the company’s stock, valued at $695,286.66. This represents a 85.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 8,173 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $250.03, for a total value of $2,043,495.19. Following the transaction, the director owned 80,030 shares of the company’s stock, valued at $20,009,900.90. This represents a 9.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 128,084 shares of company stock valued at $29,405,457 in the last ninety days. Company insiders own 9.70% of the company’s stock.

Amazon.com 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.