First United Bank & Trust boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 14.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 484 shares of the e-commerce giant’s stock after purchasing an additional 60 shares during the quarter. First United Bank & Trust’s holdings in Amazon.com were worth $1,590,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Sphinx Trading LP bought a new position in Amazon.com in the 3rd quarter worth approximately $30,000. Lion Street Advisors LLC bought a new position in shares of Amazon.com during the 2nd quarter valued at approximately $52,000. True Link Financial Advisors LLC bought a new position in shares of Amazon.com during the 2nd quarter valued at approximately $72,000. Laurel Wealth Planning LLC boosted its position in shares of Amazon.com by 57.1% during the 2nd quarter. Laurel Wealth Planning LLC now owns 22 shares of the e-commerce giant’s stock valued at $76,000 after acquiring an additional 8 shares during the last quarter. Finally, Newfound Research LLC boosted its position in shares of Amazon.com by 62.5% during the 2nd quarter. Newfound Research LLC now owns 26 shares of the e-commerce giant’s stock valued at $89,000 after acquiring an additional 10 shares during the last quarter. Institutional investors and hedge funds own 57.48% of the company’s stock.
Several research firms recently weighed in on AMZN. Citigroup decreased their price target on Amazon.com from $4,175.00 to $4,100.00 and set a “buy” rating on the stock in a report on Tuesday, November 2nd. Truist increased their target price on Amazon.com from $3,800.00 to $4,000.00 and gave the stock a “buy” rating in a research note on Friday, October 29th. The Goldman Sachs Group cut their price target on Amazon.com from $4,250.00 to $4,100.00 and set a “buy” rating on the stock in a research note on Friday, October 29th. BMO Capital Markets restated a “buy” rating and set a $4,100.00 price target on shares of Amazon.com in a research note on Sunday, October 31st. Finally, Guggenheim began coverage on Amazon.com in a research note on Tuesday. They set a “buy” rating and a $4,300.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and forty have issued a buy rating to the company. According to MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus target price of $4,144.44.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Wednesday, October 27th. The e-commerce giant reported $6.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $9.10 by ($2.98). Amazon.com had a return on equity of 24.31% and a net margin of 5.73%. The company had revenue of $110.81 billion for the quarter, compared to analysts’ expectations of $111.66 billion. During the same quarter last year, the company earned $12.37 EPS. Amazon.com’s revenue for the quarter was up 15.3% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 41.78 EPS for the current fiscal year.
In other news, CEO Adam Selipsky sold 712 shares of the stock in a transaction dated Monday, November 15th. The stock was sold at an average price of $3,534.74, for a total value of $2,516,734.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 492 shares of the stock in a transaction dated Monday, November 22nd. The shares were sold at an average price of $3,676.00, for a total value of $1,808,592.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,498 shares of company stock worth $293,480,991. 14.00% of the stock is owned by company insiders.
Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.
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