Norway Savings Bank buys 933 shares of Amazon.com, Inc. (NASDAQ:AMZN)

Norway Savings Bank raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% in the first quarter, according to the company’s latest SEC filing. The fund held 26,688 shares of the e-commerce giant after purchasing an additional 933 shares during the quarter. Amazon.com makes up 2.0% of Norway Savings Bank’s portfolio, making the stock the ninth-largest. Norway Savings Bank’s stake in Amazon.com was worth $4,814,000, according to the company’s latest SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their holdings in the company. UniSuper Management Pty Ltd increased its holdings in Amazon.com by 19.7% in the third 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 increased its position in Amazon.com stock by 55.8% in the third quarter. Acadian Asset Management LLC now owns 1,835,042 shares of the e-commerce giant’s stock worth $233,250,000 after acquiring an additional 656,909 shares during the last quarter. Azimuth Capital Investment Management LLC increased its holdings in Amazon.com stock 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 increased its position in shares of Amazon.com by 0.4% in 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 in the last quarter. Finally, Cardiff Park Advisors LLC increased 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 worth $6,300,000 after purchasing an additional 252 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders are betting

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the sale, the CEO 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 can be accessed 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 27. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the transaction, the SVP now directly owns 59,500 shares of the company’s stock, valued at $11,602,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink . Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3. The shares were sold at an average price of $177.29, for a total of $620,515.00. Following the completion of the transaction, the CEO now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. Disclosure of this sale can be found here . During the last quarter, insiders sold 69,548 shares of the company’s stock, valued at $12,774,204. Insiders own 10.80% of the company’s stock.

Amazon.com drops 1.2%

AMZN opened at $197.59 on Friday. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $200.43. The company has a market capitalization 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 current ratio of 0.87. The company has a 50-day simple moving average of $185.10 and a 200-day simple moving average of $174.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly financial results on Tuesday, April 30. 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 a year ago, the company reported $0.31 earnings per share. The company’s quarterly revenue increased 12.5% year-over-year. Sell-side analysts, on average, predict that Amazon.com, Inc. will report earnings of $4.72 per share for the current year.

Wall Street analysts assess

AMZN has been the subject of numerous research analyst reports. Telsey Advisory Group raised their price target for Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1. Mizuho raised their price target for Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, May 1. UBS Group raised their price target for Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, May 1. JPMorgan Chase & Co. raised their price target for Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1. Finally, Wedbush re-rated the stock as “outperform” and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1. One equities research analyst rated the stock as a “hold,” forty-three have rated it a “buy,” and one has given the company a “strong buy” rating. The company currently has an average rating of “buy” and a consensus price target of $215.86 based on data from MarketBeat.com.

See our latest report on AMZN

About Amazon.com

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

Insiders are betting

Amazon.com drops 1.2%

Wall Street analysts assess

About Amazon.com

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