First Financial Bank Trust Division decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,140 shares of the e-commerce giant’s stock after selling 26 shares during the quarter. First Financial Bank Trust Division’s holdings in Amazon.com were worth $3,528,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Joel Isaacson & Co. LLC grew its stake in shares of Amazon.com by 6.3% in the 4th quarter. Joel Isaacson & Co. LLC now owns 3,231 shares of the e-commerce giant’s stock valued at $10,523,000 after purchasing an additional 191 shares during the period. NinePointTwo Capital bought a new stake in Amazon.com in the fourth quarter valued at $1,896,000. Polar Capital LLP raised its stake in Amazon.com by 1.7% during the third quarter. Polar Capital LLP now owns 128,949 shares of the e-commerce giant’s stock worth $406,026,000 after acquiring an additional 2,199 shares in the last quarter. Castle Rock Wealth Management LLC boosted its stake in shares of Amazon.com by 15.5% in the 3rd quarter. Castle Rock Wealth Management LLC now owns 1,477 shares of the e-commerce giant’s stock valued at $4,704,000 after purchasing an additional 198 shares in the last quarter. Finally, Peapack Gladstone Financial Corp grew its holdings in shares of Amazon.com by 4.1% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 10,088 shares of the e-commerce giant’s stock worth $31,764,000 after purchasing an additional 395 shares during the last quarter. 56.39% of the stock is owned by institutional investors.
In related news, CEO David H. Clark sold 1,019 shares of the stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $3,257.88, for a total transaction of $3,319,779.72. Following the completion of the transaction, the chief executive officer now directly owns 1,452 shares in the company, valued at $4,730,441.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Judith A. Mcgrath sold 340 shares of Amazon.com stock in a transaction that occurred on Thursday, February 4th. The shares were sold at an average price of $3,328.35, for a total value of $1,131,639.00. Following the completion of the sale, the director now directly owns 1,984 shares in the company, valued at approximately $6,603,446.40. The disclosure for this sale can be found here. Insiders own 16.10% of the company’s stock.
Several analysts have weighed in on the stock. Evercore ISI reaffirmed an “outperform” rating and set a $4,000.00 price objective on shares of Amazon.com in a research note on Tuesday. KeyCorp increased their price target on Amazon.com from $3,500.00 to $3,700.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 3rd. The Goldman Sachs Group lifted their price objective on Amazon.com from $4,200.00 to $4,500.00 and gave the company a “buy” rating in a research report on Wednesday, February 3rd. Monness Crespi & Hardt boosted their price objective on Amazon.com from $4,000.00 to $4,250.00 and gave the stock a “buy” rating in a research note on Wednesday, February 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $3,700.00 target price on shares of Amazon.com in a research note on Thursday. Two research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $3,930.67.
Shares of NASDAQ:AMZN traded up $34.96 during trading on Thursday, hitting $3,314.35. 46,298 shares of the company’s stock traded hands, compared to its average volume of 3,599,911. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $3,112.50 and a 200-day moving average price of $3,173.79. Amazon.com, Inc. has a 52 week low of $2,011.15 and a 52 week high of $3,552.25. The company has a market cap of $1.67 trillion, a price-to-earnings ratio of 96.03, a price-to-earnings-growth ratio of 2.37 and a beta of 1.19.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Monday, February 1st. The e-commerce giant reported $14.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $7.05 by $7.04. Amazon.com had a net margin of 4.99% and a return on equity of 24.49%. The firm had revenue of $125.56 billion for the quarter, compared to analyst estimates of $119.73 billion. During the same quarter in the previous year, the firm posted $6.47 earnings per share. The business’s revenue was up 43.6% on a year-over-year basis. On average, analysts predict that Amazon.com, Inc. will post 34.59 earnings per share for the current fiscal year.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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