Cape ANN Savings Bank Purchases 106 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cape ANN Savings Bank boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,976 shares of the e-commerce giant’s stock after acquiring an additional 106 shares during the period. Amazon.com accounts for 1.9% of Cape ANN Savings Bank’s investment portfolio, making the stock its 11th largest holding. Cape ANN Savings Bank’s holdings in Amazon.com were worth $3,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of AMZN. Brookstone Capital Management raised its position in shares of Amazon.com by 23.9% during the third quarter. Brookstone Capital Management now owns 458,437 shares of the e-commerce giant’s stock worth $85,421,000 after purchasing an additional 88,375 shares during the period. Reliant Investment Management LLC raised its holdings in Amazon.com by 2.3% during the 3rd quarter. Reliant Investment Management LLC now owns 34,802 shares of the e-commerce giant’s stock valued at $6,485,000 after acquiring an additional 775 shares during the period. City Holding Co. lifted its holdings in shares of Amazon.com by 2.0% in the third quarter. City Holding Co. now owns 91,629 shares of the e-commerce giant’s stock worth $17,073,000 after buying an additional 1,757 shares in the last quarter. Country Trust Bank boosted its stake in Amazon.com by 1.2% during the third quarter. Country Trust Bank now owns 634,185 shares of the e-commerce giant’s stock valued at $118,168,000 after buying an additional 7,244 shares during the period. Finally, Sugarloaf Wealth Management LLC grew its stake in Amazon.com by 387.7% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 24,059 shares of the e-commerce giant’s stock worth $4,483,000 after buying an additional 19,126 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $195.78 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 52 week low of $138.36 and a 52 week high of $201.20. The business’s 50 day moving average price is $185.23 and its 200 day moving average price is $183.89. The firm has a market cap of $2.05 trillion, a P/E ratio of 41.92, a P/E/G ratio of 1.42 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 23.46%. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.84 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 9,490 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.88, for a total transaction of $1,716,551.20. Following the sale, the senior vice president now directly owns 64,610 shares of the company’s stock, valued at $11,686,656.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,855 shares of company stock valued at $9,215,048. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. UBS Group lifted their target price on shares of Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Scotiabank increased their target price on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research note on Friday. Piper Sandler boosted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday. DA Davidson reaffirmed a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, October 10th. Finally, Telsey Advisory Group lifted their target price on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $246.48.

Amazon.com Company Profile

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.