Norway Savings Bank Has $3.91 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Norway Savings Bank boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the fourth quarter, HoldingsChannel reports. The firm owned 25,755 shares of the e-commerce giant’s stock after acquiring an additional 510 shares during the period. Amazon.com makes up 1.7% of Norway Savings Bank’s portfolio, making the stock its 11th biggest position. Norway Savings Bank’s holdings in Amazon.com were worth $3,913,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mayflower Financial Advisors LLC increased its stake in shares of Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 572 shares during the period. PayPay Securities Corp increased its stake in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares during the period. Laurel Wealth Planning LLC increased its stake in shares of Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 304 shares during the period. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Amazon.com in the 4th quarter valued at $37,000. Finally, Swaine & Leidel Wealth Services LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at $38,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on AMZN. Canaccord Genuity Group lifted their target price on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Bank of America lifted their target price on Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Oppenheimer raised their price target on Amazon.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. The Goldman Sachs Group raised their price target on Amazon.com from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, DA Davidson raised their price target on Amazon.com from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $197.95.

Amazon.com Price Performance

NASDAQ:AMZN opened at $180.38 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The stock’s 50-day simple moving average is $171.33 and its 200 day simple moving average is $151.73. The company has a market cap of $1.87 trillion, a P/E ratio of 62.20, a P/E/G ratio of 1.57 and a beta of 1.17. Amazon.com, Inc. has a 52-week low of $97.71 and a 52-week high of $181.70.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. Amazon.com’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at $23,868,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the transaction, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,210,510 shares of company stock valued at $5,505,223,106. 12.30% of the stock is owned by insiders.

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.