Enterprise Bank & Trust Co lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,464 shares of the e-commerce giant’s stock after selling 529 shares during the period. Amazon.com makes up approximately 2.5% of Enterprise Bank & Trust Co’s holdings, making the stock its 7th biggest position. Enterprise Bank & Trust Co’s holdings in Amazon.com were worth $7,060,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. King Wealth increased its stake in shares of Amazon.com by 4.6% in the second quarter. King Wealth now owns 29,352 shares of the e-commerce giant’s stock worth $3,826,000 after purchasing an additional 1,296 shares during the period. Ascension Asset Management LLC bought a new position in shares of Amazon.com in the second quarter worth about $2,001,000. Register Financial Advisors LLC increased its stake in shares of Amazon.com by 14.3% in the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock worth $669,000 after purchasing an additional 657 shares during the period. Wedge Capital Management L L P NC increased its stake in shares of Amazon.com by 1.0% in the third quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock worth $1,858,000 after purchasing an additional 148 shares during the period. Finally, Westchester Capital Management Inc. increased its stake in shares of Amazon.com by 0.6% in the second quarter. Westchester Capital Management Inc. now owns 28,246 shares of the e-commerce giant’s stock worth $3,682,000 after purchasing an additional 170 shares during the period. Institutional investors and hedge funds own 57.96% of the company’s stock.
Insiders Place Their Bets
In other Amazon.com news, Director Jonathan Rubinstein sold 5,556 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $180.00, for a total transaction of $1,000,080.00. Following the completion of the transaction, the director now owns 109,664 shares in the company, valued at approximately $19,739,520. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, Director Jonathan Rubinstein sold 5,556 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $180.00, for a total transaction of $1,000,080.00. Following the completion of the transaction, the director now owns 109,664 shares in the company, valued at approximately $19,739,520. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 50,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $180.00, for a total value of $9,000,000.00. Following the transaction, the chief executive officer now owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,210,010 shares of company stock worth $5,505,133,106. Corporate insiders own 12.30% of the company’s stock.
Amazon.com Price Performance
AMZN opened at $178.87 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 12 month low of $96.29 and a 12 month high of $181.41. The company has a fifty day simple moving average of $168.24 and a 200 day simple moving average of $150.01. The stock has a market cap of $1.86 trillion, a P/E ratio of 61.73, a P/E/G ratio of 1.55 and a beta of 1.17.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same quarter in the prior year, the company earned $0.21 EPS. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. On average, research analysts expect that Amazon.com, Inc. will post 4.08 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on AMZN shares. Wolfe Research lifted their price objective on Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. UBS Group boosted their price target on Amazon.com from $180.00 to $198.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Sanford C. Bernstein boosted their price target on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Roth Mkm boosted their price target on Amazon.com from $180.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Monness Crespi & Hardt boosted their price target on Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $197.95.
Read Our Latest Analysis on AMZN
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
Further Reading
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