Plimoth Trust Co. LLC Acquires 959 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Plimoth Trust Co. LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,020 shares of the e-commerce giant’s stock after acquiring an additional 959 shares during the quarter. Amazon.com makes up approximately 3.0% of Plimoth Trust Co. LLC’s holdings, making the stock its 4th biggest holding. Plimoth Trust Co. LLC’s holdings in Amazon.com were worth $11,743,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PayPay Securities Corp increased its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP acquired a new stake in shares of Amazon.com in the third quarter valued at approximately $37,000. Christopher J. Hasenberg Inc increased its stake in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $69,000. Finally, Innealta Capital LLC acquired a new stake in shares of Amazon.com in the second quarter valued at approximately $77,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 0.6 %

NASDAQ AMZN opened at $197.12 on Friday. Amazon.com, Inc. has a twelve month low of $142.81 and a twelve month high of $215.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a market cap of $2.07 trillion, a price-to-earnings ratio of 42.21, a PEG ratio of 1.37 and a beta of 1.14. The firm’s 50 day moving average price is $193.00 and its two-hundred day moving average price is $186.32.

Amazon.com (NASDAQ:AMZN) last issued 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. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. Equities analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the sale, the director now directly owns 94,630 shares of the company’s stock, valued at $19,858,105.50. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,011,423 shares of company stock valued at $1,249,093,896 in the last quarter. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Benchmark raised their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Robert W. Baird raised their price target on shares of Amazon.com from $213.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. TD Cowen raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Susquehanna increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $235.77.

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.