Essex Financial Services Inc. increases shares in Amazon.com, Inc. (NASDAQ:AMZN)

According to its latest filing with the Securities and Exchange Commission, Essex Financial Services Inc. increased its stake in Amazon.com, Inc. in the fourth quarter. (NASDAQ:AMZN) by 0.7%. The company owned 111,194 shares of the e-commerce giant’s stock after purchasing an additional 774 shares during the period. Amazon.com owns approximately 1.7% of Essex Financial Services Inc., making it the 7th largest company. At the end of the last quarter, shares of Essex Financial Services Inc. on Amazon.com they were worth $16,895,000.

Several other institutional investors have also recently made changes to their positions at AMZN. Rowlandmiller & PARTNERS.ADV increased its holdings in Amazon.com by 6.8% in the third quarter. Rowlandmiller & PARTNERS.ADV now owns 10,020 shares of the e-commerce giant’s stock valued at $1,274,000 after acquiring an additional 635 shares during the period. Kanawha Capital Management LLC increased its holdings in Amazon.com by 1.4% during the third quarter. Kanawha Capital Management LLC now owns 32,783 shares of the e-commerce giant’s stock valued at $4,167,000 after acquiring an additional 450 shares during the period. NBT Bank NA NY increased its holdings in Amazon.com by 554.7% during the 3rd quarter. NBT Bank NA NY now owns 137,155 shares of the e-commerce giant’s stock valued at $17,435,000 after acquiring an additional 116,205 shares during the period. River Street Advisors LLC increased its holdings in Amazon.com by 2.3% during the 3rd quarter. River Street Advisors LLC now owns 8,349 shares of the e-commerce giant’s stock valued at $1,061,000 after acquiring an additional 189 shares during the period. Finally, Chicago Partners Investment Group LLC increased its holdings in Amazon.com by 1.4% in the third quarter. Chicago Partners Investment Group LLC now owns 100,246 shares of the e-commerce giant’s stock valued at $12,687,000 after acquiring an additional 1,370 shares during the period. Institutional investors hold 72.20% of the company’s shares.

Insider activity on Amazon.com

In related news, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the completion of the sale, the CEO now directly owns 1,994,182 shares of the company’s stock valued at $358,952,760. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed via this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the transaction, the CEO now owns 1,994,182 shares of the company’s stock valued at $358,952,760. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. Additionally, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the CEO now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The announcement of this sale can be found here. Over the last three months, insiders sold 117,894 shares of company stock worth $21,363,909. 10.80% of the shares are owned by corporate insiders.

Amazon.com shares fell 1.1%

NASDAQ:AMZN opened at $181.05 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt to equity ratio of 0.27. The stock has a 50-day simple moving average of $181.91 and a 200-day simple moving average of $165.77. The company has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 50.71, a price-to-earnings growth ratio of 1.32 and a beta of 1.15. Amazon.com, Inc. it has a twelve month low of $114.31 and a twelve month high of $191.70.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, $0.15 above the consensus estimate of $0.83. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s quarterly revenues increased 12.5% year over year. During the same period last year, the company reported earnings per share of $0.31. Analysts predict that Amazon.com, Inc. will see 4.67 EPS for the current year.

Wall Street analysts predict growth

Many equity research analysts have commented on AMZN stock. Stifel Nicolaus raised their target price on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Benchmark maintained a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Truist Financial raised their target price on shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Barclays increased their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Wedbush reaffirmed an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. One analyst rated the company’s shares with a hold rating, forty-four gave a buy rating and one gave a strong buy rating to the company’s shares. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $211.62.

Read our latest report on AMZN

Amazon.com profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. 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 media content.

Insider activity on Amazon.com

Amazon.com shares fell 1.1%

Wall Street analysts predict growth

Amazon.com profile

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