AMG National Trust Bank Sells 688 Shares of Amazon.com, Inc. $AMZN

AMG National Trust Bank lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 128,173 shares of the e-commerce giant’s stock after selling 688 shares during the quarter. AMG National Trust Bank’s holdings in Amazon.com were worth $28,120,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of AMZN. Barlow Wealth Partners Inc. increased its stake in Amazon.com by 0.4% during the 2nd quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock worth $2,763,000 after acquiring an additional 44 shares during the period. Ridgecrest Wealth Partners LLC grew its holdings in shares of Amazon.com by 0.5% during 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 in the last quarter. Probity Advisors Inc. increased its position in shares of Amazon.com by 0.4% in the second quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock worth $2,667,000 after purchasing an additional 45 shares during the period. Bare Financial Services Inc raised its position in shares of Amazon.com by 5.4% in the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock valued at $177,000 after buying an additional 48 shares in the last quarter. Finally, 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 valued at $862,000 after purchasing an additional 48 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays reaffirmed an “overweight” rating and issued a $300.00 price objective (up from $275.00) on shares of Amazon.com in a research note on Friday, October 31st. Morgan Stanley restated an “overweight” rating and issued a $315.00 target price (up previously from $300.00) on shares of Amazon.com in a research report on Friday, October 31st. Cantor Fitzgerald boosted their target price on shares of Amazon.com from $280.00 to $315.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. New Street Research upped their price target on shares of Amazon.com from $270.00 to $340.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Finally, CIBC boosted their price objective on Amazon.com to $315.00 in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $295.78.

Insider Transactions at Amazon.com

In other news, Director Jonathan Rubinstein sold 8,173 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $2,043,495.19. Following the transaction, the director directly owned 80,030 shares of the company’s stock, valued at $20,009,900.90. The trade was a 9.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew S. Garman sold 17,768 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the sale, the chief executive officer owned 6,273 shares in the company, valued at approximately $1,360,613.70. The trade was a 73.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 82,234 shares of company stock worth $19,052,442. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $229.67 on Wednesday. The firm has a market cap of $2.46 trillion, a P/E ratio of 35.01, a P/E/G ratio of 1.52 and a beta of 1.29. The stock’s 50 day moving average is $227.58 and its 200 day moving average is $222.71. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (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 firm had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. During the same quarter last year, the business earned $1.43 EPS. The company’s 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, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current 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.