Enterprise Bank & Trust Co Acquires 1,955 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by on Mar 21st, 2023

Enterprise Bank & Trust Co boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,424 shares of the e-commerce giant’s stock after buying an additional 1,955 shares during the quarter. Amazon.com comprises 1.9% of Enterprise Bank & Trust Co’s portfolio, making the stock its 9th biggest holding. Enterprise Bank & Trust Co’s holdings in Amazon.com were worth $4,068,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Dohj LLC increased its position in Amazon.com by 1.8% during the third quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock worth $2,807,000 after buying an additional 451 shares during the last quarter. Bassett Hargrove Investment Counsel LLC acquired a new stake in shares of Amazon.com in the third quarter valued at about $2,120,000. Obermeyer Wood Investment Counsel Lllp grew its position in shares of Amazon.com by 1.2% in the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock valued at $35,405,000 after purchasing an additional 3,840 shares during the last quarter. Asset Management One Co. Ltd. grew its position in shares of Amazon.com by 0.8% in the third quarter. Asset Management One Co. Ltd. now owns 4,185,666 shares of the e-commerce giant’s stock valued at $472,980,000 after purchasing an additional 32,781 shares during the last quarter. Finally, West Coast Financial LLC acquired a new stake in shares of Amazon.com in the third quarter valued at about $210,000. 57.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Evercore ISI raised their price target on Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 price target on shares of Amazon.com in a research report on Thursday, March 16th. Wedbush lowered their price target on Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, February 3rd. Cowen raised their price target on Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Finally, Wolfe Research raised their price target on Amazon.com from $115.00 to $130.00 in a research report on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $144.72.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the sale, the chief executive officer now owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the transaction, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the transaction, the chief executive officer now directly owns 560,298 shares in the company, valued at $52,555,952.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,394 shares of company stock valued at $6,994,626. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $97.71 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. The firm has a market cap of $1.00 trillion, a P/E ratio of -364.58, a P/E/G ratio of 4.06 and a beta of 1.25. The firm has a 50 day simple moving average of $97.22 and a 200 day simple moving average of $101.14. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The business had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. During the same period in the prior year, the firm posted $1.39 EPS. Amazon.com’s revenue was up 8.6% on a year-over-year basis. Sell-side analysts predict that Amazon.com, Inc. will post 1.33 earnings per share for the current fiscal year.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.

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

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