Grove Bank & Trust boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,424 shares of the e-commerce giant’s stock after purchasing an additional 1,634 shares during the period. Amazon.com makes up approximately 1.9% of Grove Bank & Trust’s portfolio, making the stock its 11th biggest holding. Grove Bank & Trust’s holdings in Amazon.com were worth $9,180,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of AMZN. Bridgefront Capital LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at $228,000. Krane Funds Advisors LLC raised its stake in shares of Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after acquiring an additional 55 shares during the period. Range Financial Group LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at $258,000. My Personal CFO LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at $261,000. Finally, Worth Asset Management LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at $191,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.
Amazon.com Price Performance
NASDAQ AMZN opened at $127.74 on Friday. The stock has a market capitalization of $1.32 trillion, a P/E ratio of 100.58, a P/E/G ratio of 1.84 and a beta of 1.24. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $145.86. The business’s fifty day moving average is $132.39 and its two-hundred day moving average is $125.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95.
Insiders Place Their Bets
In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on 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 filing with the SEC, which is available at the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 50,000 shares of Amazon.com stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $141.00, for a total transaction of $7,050,000.00. Following the transaction, the chief executive officer now directly owns 510,301 shares in the company, valued at approximately $71,952,441. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $16,034,948.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,408,645 shares of company stock worth $55,208,288. Corporate insiders own 12.30% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on AMZN shares. Roth Mkm raised 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. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price objective on shares of Amazon.com in a report on Friday. DA Davidson lifted their target price on Amazon.com from $150.00 to $157.00 and gave the stock a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $175.00 target price on shares of Amazon.com in a research report on Tuesday, October 17th. Finally, Canaccord Genuity Group lifted their target price on Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $165.70.
Get Our Latest Stock Report on AMZN
About Amazon.com
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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