Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by AAFMAA Wealth Management & Trust LLC

AAFMAA Wealth Management & Trust LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.8% during the 1st quarter, Holdings Channel reports. The firm owned 35,814 shares of the e-commerce giant’s stock after buying an additional 4,898 shares during the period. Amazon.com comprises about 3.5% of AAFMAA Wealth Management & Trust LLC’s investment portfolio, making the stock its 4th biggest position. AAFMAA Wealth Management & Trust LLC’s holdings in Amazon.com were worth $6,460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Norges Bank bought a new position in Amazon.com during the fourth quarter worth about $17,700,551,000. International Assets Investment Management LLC boosted its stake in shares of Amazon.com by 16,029.3% during the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after acquiring an additional 23,717,254 shares during the period. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock worth $117,158,872,000 after acquiring an additional 13,134,632 shares during the period. Global Assets Advisory LLC raised its stake in Amazon.com by 30,350.2% in the 1st quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock valued at $1,178,164,000 after acquiring an additional 6,510,119 shares during the period. Finally, Assenagon Asset Management SA lifted its holdings in Amazon.com by 33.2% during the 1st quarter. Assenagon Asset Management SA now owns 14,791,685 shares of the e-commerce giant’s stock valued at $2,668,124,000 after purchasing an additional 3,687,522 shares during the last quarter. Institutional investors 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 the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total transaction of $631,015.00. Following the completion of the sale, the chief executive officer now owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the transaction, the director now owns 4,760 shares in the company, valued at $886,407.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the transaction, the chief executive officer now directly owns 509,358 shares in the company, valued at approximately $91,832,153.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,112,990 shares of company stock valued at $1,222,250,048. 10.80% of the stock is currently owned by company insiders.

Amazon.com Price Performance

AMZN stock opened at $183.13 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.91 trillion, a price-to-earnings ratio of 51.30, a PEG ratio of 1.31 and a beta of 1.15. The company’s fifty day simple moving average is $187.59 and its 200 day simple moving average is $177.79. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings date on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) 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 period in the previous year, the business earned $0.31 EPS. The company’s revenue was up 12.5% compared to the same quarter last year. On average, analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Roth Mkm reissued a “buy” rating and issued a $210.00 price objective on shares of Amazon.com in a research report on Tuesday, July 9th. Wedbush reissued an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. BMO Capital Markets raised their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Barclays decreased their target price on Amazon.com from $230.00 to $220.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Finally, Jefferies Financial Group lifted their price target on Amazon.com from $225.00 to $235.00 in a report on Tuesday, July 9th. One investment analyst has rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $218.82.

Check Out Our Latest Research Report on Amazon.com

About Amazon.com

(Free Report)

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.

Insider Buying and Selling at Amazon.com

Amazon.com Price Performance

Analyst Ratings Changes

About Amazon.com

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