Union Savings Bank Acquires 360 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Union Savings Bank boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,227 shares of the e-commerce giant’s stock after purchasing an additional 360 shares during the quarter. Amazon.com comprises approximately 0.8% of Union Savings Bank’s investment portfolio, making the stock its 21st biggest position. Union Savings Bank’s holdings in Amazon.com were worth $1,590,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Collective Family Office LLC increased its holdings in shares of Amazon.com by 9.7% during the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after purchasing an additional 819 shares during the period. Phillips Wealth Planners LLC boosted its position in shares of Amazon.com by 9.2% during the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after acquiring an additional 224 shares in the last quarter. Bayesian Capital Management LP bought a new position in Amazon.com in the fourth quarter valued at approximately $5,926,000. Concord Investment Counsel Inc. bought a new stake in Amazon.com during the first quarter worth $20,790,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of Amazon.com by 26.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant’s stock valued at $116,222,000 after purchasing an additional 133,471 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Down 1.7 %

Amazon.com stock opened at $187.97 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The stock has a market cap of $1.96 trillion, a P/E ratio of 52.65, a PEG ratio of 1.46 and a beta of 1.14. The firm’s fifty day moving average price is $178.92 and its 200-day moving average price is $182.68.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Equities research analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on AMZN shares. Wells Fargo & Company reduced their price objective on Amazon.com from $232.00 to $225.00 and set an “overweight” rating on the stock in a research note on Monday, August 26th. Jefferies Financial Group lowered their price objective on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Piper Sandler decreased their target price on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price target on shares of Amazon.com in a research note on Thursday, September 12th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a report on Monday, September 23rd. One investment analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average target price of $222.84.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 1,463,437 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $200.08, for a total value of $292,804,474.96. Following the completion of the sale, the insider now directly owns 935,211,842 shares in the company, valued at approximately $187,117,185,347.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the transaction, the insider now owns 931,925,277 shares in the company, valued at $186,450,290,169.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $200.08, for a total value of $292,804,474.96. Following the transaction, the insider now owns 935,211,842 shares in the company, valued at approximately $187,117,185,347.36. The disclosure for this sale can be found here. Insiders sold a total of 6,098,297 shares of company stock worth $1,219,443,957 over the last three months. 10.80% of the stock is owned by insiders.

Amazon.com 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.