Adirondack Trust Co. Acquires 394 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Mar 25th, 2023

Adirondack Trust Co. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,329 shares of the e-commerce giant’s stock after acquiring an additional 394 shares during the quarter. Amazon.com accounts for 1.7% of Adirondack Trust Co.’s portfolio, making the stock its 12th largest holding. Adirondack Trust Co.’s holdings in Amazon.com were worth $3,304,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fiduciary Planning LLC raised its holdings in shares of Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after buying an additional 5 shares during the last quarter. HBC Financial Services PLLC raised its holdings in shares of Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after buying an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. raised its holdings in shares of Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after buying an additional 5 shares during the last quarter. Alterna Wealth Management Inc. raised its holdings in shares of Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after buying an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners raised its holdings in shares of Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after buying an additional 6 shares during the last quarter. 57.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AMZN. Cowen boosted their price objective on Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, December 1st. Evercore ISI boosted their price objective on Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Benchmark boosted their price objective on Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. New Street Research began coverage on Amazon.com in a report on Wednesday, January 4th. They set a “buy” rating and a $130.00 price objective for the company. Finally, Truist Financial dropped their price objective on Amazon.com from $160.00 to $142.00 and set a “buy” rating for the company in a report on Friday, February 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have given a buy rating to the stock. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $144.72.

Amazon.com Trading Down 0.6 %

NASDAQ AMZN opened at $98.13 on Friday. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83. The stock has a 50 day moving average of $97.58 and a 200-day moving average of $100.72. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The company has a market cap of $1.01 trillion, a PE ratio of -366.14, a PEG ratio of 4.16 and a beta of 1.25.

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

Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 23,874 shares of the firm’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the completion of the transaction, the chief executive officer now directly owns 1,964,506 shares in the company, valued at $194,780,769.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $102.90, for a total transaction of $411,600.00. Following the completion of the transaction, the chief executive officer now directly owns 529,435 shares in the company, valued at $54,478,861.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 23,874 shares of the firm’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total value of $2,367,107.10. Following the transaction, the chief executive officer now owns 1,964,506 shares of the company’s stock, valued at $194,780,769.90. The disclosure for this sale can be found here. Insiders have sold 73,693 shares of company stock valued at $7,225,308 over the last ninety days. 12.70% of the stock is owned by corporate insiders.

Amazon.com Company 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.