Norway Savings Bank Buys 933 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Norway Savings Bank increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 26,688 shares of the e-commerce giant’s stock after purchasing an additional 933 shares during the quarter. Amazon.com makes up 2.0% of Norway Savings Bank’s investment portfolio, making the stock its 9th largest holding. Norway Savings Bank’s holdings in Amazon.com were worth $4,814,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd raised its holdings in Amazon.com by 19.7% in the 3rd quarter. UniSuper Management Pty Ltd now owns 1,536,939 shares of the e-commerce giant’s stock worth $195,376,000 after acquiring an additional 253,367 shares during the period. Acadian Asset Management LLC grew its position in shares of Amazon.com by 55.8% in the third quarter. Acadian Asset Management LLC now owns 1,835,042 shares of the e-commerce giant’s stock valued at $233,250,000 after purchasing an additional 656,909 shares during the last quarter. Azimuth Capital Investment Management LLC increased its stake in shares of Amazon.com by 80.4% in the third quarter. Azimuth Capital Investment Management LLC now owns 169,864 shares of the e-commerce giant’s stock worth $21,593,000 after purchasing an additional 75,701 shares during the period. Regal Investment Advisors LLC lifted its position in shares of Amazon.com by 0.4% during the 3rd quarter. Regal Investment Advisors LLC now owns 70,019 shares of the e-commerce giant’s stock worth $8,901,000 after purchasing an additional 270 shares during the last quarter. Finally, Cardiff Park Advisors LLC grew its holdings in Amazon.com by 0.5% in the 3rd quarter. Cardiff Park Advisors LLC now owns 49,559 shares of the e-commerce giant’s stock valued at $6,300,000 after buying an additional 252 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of Amazon.com stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $195.00, for a total transaction of $918,450.00. Following the transaction, the senior vice president now directly owns 59,500 shares in the company, valued at $11,602,500. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,548 shares of company stock worth $12,774,204. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 1.2 %

AMZN opened at $197.59 on Friday. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $200.43. The company has a market cap of $2.06 trillion, a price-to-earnings ratio of 55.35, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The firm has a 50 day simple moving average of $185.10 and a 200 day simple moving average of $174.15.

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

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research analyst reports. Telsey Advisory Group upped their price target on Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Mizuho increased their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. UBS Group boosted their price objective on shares of Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. increased their target price on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, Wedbush restated an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. One equities 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. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $215.86.

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.