Atlantic Union Bankshares Corp Purchases 45,965 Shares of Amazon.com, Inc. $AMZN

Atlantic Union Bankshares Corp boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 11.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 444,121 shares of the e-commerce giant’s stock after purchasing an additional 45,965 shares during the quarter. Amazon.com accounts for about 1.8% of Atlantic Union Bankshares Corp’s investment portfolio, making the stock its 8th biggest holding. Atlantic Union Bankshares Corp’s holdings in Amazon.com were worth $97,516,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Guerra Advisors Inc grew its holdings in shares of Amazon.com by 44.2% in the 3rd quarter. Guerra Advisors Inc now owns 21,582 shares of the e-commerce giant’s stock valued at $4,739,000 after buying an additional 6,614 shares during the period. Ogorek Anthony Joseph NY ADV lifted its holdings in Amazon.com by 0.8% during the third quarter. Ogorek Anthony Joseph NY ADV now owns 10,388 shares of the e-commerce giant’s stock worth $2,281,000 after acquiring an additional 85 shares in the last quarter. Grantvest Financial Group LLC grew its stake in Amazon.com by 1.8% in the third quarter. Grantvest Financial Group LLC now owns 11,781 shares of the e-commerce giant’s stock valued at $2,587,000 after acquiring an additional 208 shares during the period. Woodmont Investment Counsel LLC grew its stake in Amazon.com by 1.2% in the third quarter. Woodmont Investment Counsel LLC now owns 18,783 shares of the e-commerce giant’s stock valued at $4,124,000 after acquiring an additional 217 shares during the period. Finally, Murphy Middleton Hinkle & Parker Inc. increased its holdings in shares of Amazon.com by 0.7% in the third quarter. Murphy Middleton Hinkle & Parker Inc. now owns 6,518 shares of the e-commerce giant’s stock worth $1,431,000 after acquiring an additional 48 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $205.27 on Tuesday. The company has a market cap of $2.20 trillion, a PE ratio of 28.63, a price-to-earnings-growth ratio of 1.34 and a beta of 1.37. The firm has a 50-day moving average of $227.87 and a 200-day moving average of $228.15. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The firm had revenue of $213.39 billion during the quarter, compared to the consensus estimate of $211.02 billion. During the same period in the previous year, the company posted $1.86 earnings per share. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

Insider Activity

In other news, CEO Douglas J. Herrington sold 4,784 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $198.37, for a total transaction of $949,002.08. Following the completion of the transaction, the chief executive officer directly owned 512,109 shares in the company, valued at approximately $101,587,062.33. The trade was a 0.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 8,284 shares of company stock valued at $1,740,052 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AMZN shares. Wedbush decreased their price objective on Amazon.com from $340.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. William Blair reiterated an “outperform” rating on shares of Amazon.com in a report on Monday, November 3rd. Raymond James Financial dropped their price objective on shares of Amazon.com from $260.00 to $225.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Arete Research upped their target price on shares of Amazon.com from $283.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, Citigroup lowered their target price on Amazon.com from $320.00 to $265.00 and set a “buy” rating for the company in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $287.29.

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About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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