Webster Bank N. A. Sells 3,716 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by on Sep 25th, 2023

Webster Bank N. A. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,630 shares of the e-commerce giant’s stock after selling 3,716 shares during the quarter. Amazon.com comprises 2.0% of Webster Bank N. A.’s portfolio, making the stock its 7th biggest holding. Webster Bank N. A.’s holdings in Amazon.com were worth $15,725,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AMZN. Laurel Wealth Planning LLC boosted its holdings in Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares during the period. Sanctuary Wealth Management L.L.C. bought a new stake in Amazon.com during the fourth quarter valued at about $37,000. Swaine & Leidel Wealth Services LLC bought a new stake in Amazon.com during the first quarter valued at about $38,000. Ruedi Wealth Management Inc. bought a new stake in Amazon.com during the fourth quarter valued at about $40,000. Finally, Atlantic Private Wealth LLC bought a new stake in Amazon.com during the first quarter valued at about $43,000. 57.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $133.87, for a total transaction of $414,997.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $16,034,948.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $133.87, for a total transaction of $414,997.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $16,034,948.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $128.17, for a total transaction of $64,085.00. Following the transaction, the chief executive officer now owns 150,780 shares in the company, valued at $19,325,472.60. The disclosure for this sale can be found here. Insiders have sold 1,408,645 shares of company stock worth $55,223,448 in the last ninety days. Insiders own 12.30% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent analyst reports. StockNews.com cut shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Jefferies Financial Group increased their target price on shares of Amazon.com from $135.00 to $150.00 in a research note on Wednesday, June 21st. Susquehanna increased their target price on shares of Amazon.com from $150.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, August 4th. Stifel Nicolaus increased their target price on shares of Amazon.com from $101.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, Roth Mkm increased their target price on shares of Amazon.com from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.22.

Read Our Latest Stock Report on Amazon.com

Amazon.com Price Performance

AMZN opened at $129.12 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $145.86. The company has a fifty day moving average price of $135.38 and a two-hundred day moving average price of $120.67. The firm has a market capitalization of $1.33 trillion, a PE ratio of 101.67, a P/E/G ratio of 1.71 and a beta of 1.24.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The firm had revenue of $134.38 billion for the quarter, compared to analyst estimates of $131.54 billion. As a group, analysts anticipate that Amazon.com, Inc. will post 2.23 earnings per share for the current year.

Amazon.com Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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

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