Amazon.com, Inc. $AMZN Shares Acquired by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 264.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 398,156 shares of the e-commerce giant’s stock after buying an additional 288,987 shares during the period. Amazon.com comprises 2.0% of Atlantic Union Bankshares Corp’s portfolio, making the stock its 8th largest holding. Atlantic Union Bankshares Corp’s holdings in Amazon.com were worth $87,351,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AMZN. Asahi Life Asset Management CO. LTD. lifted its holdings in shares of Amazon.com by 3.5% during the 2nd quarter. Asahi Life Asset Management CO. LTD. now owns 27,472 shares of the e-commerce giant’s stock worth $6,027,000 after acquiring an additional 929 shares during the period. O Dell Group LLC raised its position in Amazon.com by 15.7% in the second quarter. O Dell Group LLC now owns 15,135 shares of the e-commerce giant’s stock worth $3,321,000 after purchasing an additional 2,056 shares in the last quarter. ROI Financial Advisors LLC lifted its stake in Amazon.com by 1.0% during the second quarter. ROI Financial Advisors LLC now owns 30,749 shares of the e-commerce giant’s stock worth $6,746,000 after purchasing an additional 319 shares during the period. Convergence Financial LLC boosted its holdings in Amazon.com by 11.8% during the second quarter. Convergence Financial LLC now owns 32,695 shares of the e-commerce giant’s stock valued at $7,173,000 after purchasing an additional 3,443 shares in the last quarter. Finally, EFG Asset Management North America Corp. grew its stake in shares of Amazon.com by 2.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 86,222 shares of the e-commerce giant’s stock valued at $18,915,000 after purchasing an additional 2,096 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on AMZN shares. Wells Fargo & Company restated an “overweight” rating and set a $295.00 target price (up previously from $292.00) on shares of Amazon.com in a research report on Tuesday. Susquehanna set a $300.00 price objective on Amazon.com and gave the company a “positive” rating in a report on Friday, October 31st. Monness Crespi & Hardt boosted their target price on shares of Amazon.com from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Barclays reiterated an “overweight” rating and set a $300.00 target price (up previously from $275.00) on shares of Amazon.com in a research report on Friday, October 31st. Finally, Telsey Advisory Group boosted their price target on shares of Amazon.com from $265.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $296.11.

Amazon.com Stock Up 0.2%

NASDAQ AMZN opened at $234.42 on Wednesday. The stock has a market capitalization of $2.51 trillion, a P/E ratio of 33.11, a price-to-earnings-growth ratio of 1.61 and a beta of 1.37. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. The stock has a fifty day moving average of $227.92 and a 200-day moving average of $223.55.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.38. The business had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.43 earnings per share. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total transaction of $280,316.57. Following the completion of the sale, the director owned 26,148 shares of the company’s stock, valued at approximately $5,925,398.28. The trade was a 4.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew S. Garman sold 17,768 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 6,273 shares in the company, valued at approximately $1,360,613.70. This trade represents a 73.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 79,734 shares of company stock worth $18,493,717 over the last 90 days. Insiders own 10.80% 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.