Rockland Trust Co. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,063 shares of the e-commerce giant’s stock after purchasing an additional 297 shares during the quarter. Rockland Trust Co.’s holdings in Amazon.com were worth $2,224,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of the business. ANTIPODES PARTNERS Ltd acquired a new position in Amazon.com during the 2nd quarter worth about $123,733,000. Meitav Investment House Ltd. lifted its stake in Amazon.com by 3.3% during the 2nd quarter. Meitav Investment House Ltd. now owns 636,652 shares of the e-commerce giant’s stock worth $81,543,000 after acquiring an additional 20,574 shares in the last quarter. Golden State Equity Partners lifted its stake in Amazon.com by 162.4% during the 2nd quarter. Golden State Equity Partners now owns 47,315 shares of the e-commerce giant’s stock worth $6,168,000 after acquiring an additional 29,281 shares in the last quarter. Next Level Private LLC acquired a new position in Amazon.com during the 2nd quarter worth about $1,044,000. Finally, Mayfair Advisory Group LLC lifted its stake in Amazon.com by 12.0% during the 1st quarter. Mayfair Advisory Group LLC now owns 4,561 shares of the e-commerce giant’s stock worth $468,000 after acquiring an additional 488 shares in the last quarter. 57.96% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
AMZN has been the topic of several research reports. Piper Sandler increased their target price on Amazon.com from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, August 24th. Barclays increased their price target on Amazon.com from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday. DA Davidson increased their price target on Amazon.com from $150.00 to $157.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley reaffirmed an “overweight” rating and issued a $175.00 price target on shares of Amazon.com in a research report on Monday, October 2nd. Finally, JPMorgan Chase & Co. increased their price target on Amazon.com from $145.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and forty-two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $169.00.
Amazon.com Stock Performance
NASDAQ AMZN opened at $127.74 on Monday. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $145.86. The stock has a market cap of $1.32 trillion, a price-to-earnings ratio of 66.19, a price-to-earnings-growth ratio of 1.94 and a beta of 1.24. The business has a fifty day moving average of $132.28 and a 200-day moving average of $125.74. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a return on equity of 13.29% and a net margin of 3.62%. The company had revenue of $134.38 billion during the quarter, compared to analysts’ expectations of $131.54 billion. As a group, analysts predict that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.
Insider Transactions at Amazon.com
In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $130.53, for a total value of $65,265.00. Following the completion of the transaction, the chief executive officer now directly owns 104,520 shares of the company’s stock, valued at $13,642,995.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total value of $22,951,500.00. Following the completion of the sale, the insider now owns 12,741,445 shares of the company’s stock, valued at $248,458,177.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $130.53, for a total value of $65,265.00. Following the completion of the sale, the chief executive officer now directly owns 104,520 shares of the company’s stock, valued at approximately $13,642,995.60. The disclosure for this sale can be found here. Insiders sold a total of 1,408,645 shares of company stock valued at $55,208,288 over the last three months. 12.30% of the stock is currently owned by insiders.
Amazon.com Company Profile
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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