Atlantic Union Bankshares Corp Sells 2,293 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Atlantic Union Bankshares Corp decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 66,902 shares of the e-commerce giant’s stock after selling 2,293 shares during the quarter. Amazon.com accounts for about 1.0% of Atlantic Union Bankshares Corp’s investment portfolio, making the stock its 21st biggest position. Atlantic Union Bankshares Corp’s holdings in Amazon.com were worth $12,068,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Robertson Stephens Wealth Management LLC raised its stake in shares of Amazon.com by 3.3% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 129,154 shares of the e-commerce giant’s stock valued at $16,418,000 after buying an additional 4,113 shares in the last quarter. Alterna Wealth Management Inc. raised its position in Amazon.com by 0.8% in the third quarter. Alterna Wealth Management Inc. now owns 12,049 shares of the e-commerce giant’s stock worth $1,532,000 after purchasing an additional 95 shares in the last quarter. WestHill Financial Advisors Inc. lifted its stake in Amazon.com by 11.7% during the third quarter. WestHill Financial Advisors Inc. now owns 11,701 shares of the e-commerce giant’s stock worth $1,487,000 after purchasing an additional 1,229 shares during the period. Sugarloaf Wealth Management LLC boosted its holdings in Amazon.com by 3.0% during the third quarter. Sugarloaf Wealth Management LLC now owns 3,392 shares of the e-commerce giant’s stock valued at $431,000 after purchasing an additional 99 shares in the last quarter. Finally, Aigen Investment Management LP grew its stake in shares of Amazon.com by 48.4% in the 3rd quarter. Aigen Investment Management LP now owns 17,525 shares of the e-commerce giant’s stock valued at $2,228,000 after purchasing an additional 5,718 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the sale, the chief executive officer now directly owns 519,753 shares in the company, valued at $101,866,390.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now directly owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,548 shares of company stock worth $12,774,204. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. DA Davidson reaffirmed a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Thursday, April 18th. Piper Sandler increased their target price on shares of Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. UBS Group lifted their price target on shares of Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Stifel Nicolaus raised their price objective on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Maxim Group reduced their target price on Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $215.86.

Amazon.com Trading Down 1.2 %

AMZN opened at $197.59 on Thursday. The stock has a market capitalization of $2.06 trillion, a P/E ratio of 55.35, a P/E/G ratio of 1.38 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $200.43. The firm’s fifty day simple moving average is $184.68 and its 200 day simple moving average is $173.98.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 earnings per share. As a group, research analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

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.