Amazon.com, Inc. (NASDAQ:AMZN) Stake Lifted by Moody National Bank Trust Division

Moody National Bank Trust Division grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2,034.5% during the second quarter, HoldingsChannel reports. The fund owned 160,127 shares of the e-commerce giant’s stock after purchasing an additional 152,625 shares during the period. Amazon.com accounts for about 1.8% of Moody National Bank Trust Division’s investment portfolio, making the stock its 5th biggest holding. Moody National Bank Trust Division’s holdings in Amazon.com were worth $17,007,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Fifth Third Bancorp boosted its position in shares of Amazon.com by 1.5% in the 1st quarter. Fifth Third Bancorp now owns 177,679 shares of the e-commerce giant’s stock valued at $579,225,000 after purchasing an additional 2,686 shares during the period. LRT Capital Management LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at about $939,000. Van Hulzen Asset Management LLC boosted its position in shares of Amazon.com by 2.1% in the 1st quarter. Van Hulzen Asset Management LLC now owns 3,993 shares of the e-commerce giant’s stock valued at $13,017,000 after purchasing an additional 82 shares during the period. Graypoint LLC boosted its position in shares of Amazon.com by 57.9% in the 1st quarter. Graypoint LLC now owns 1,704 shares of the e-commerce giant’s stock valued at $5,555,000 after purchasing an additional 625 shares during the period. Finally, Castle Rock Wealth Management LLC boosted its position in shares of Amazon.com by 10.6% in the 1st quarter. Castle Rock Wealth Management LLC now owns 1,715 shares of the e-commerce giant’s stock valued at $5,422,000 after purchasing an additional 164 shares during the period. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Telsey Advisory Group upped their target price on Amazon.com from $145.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. Barclays increased their price objective on Amazon.com from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, July 29th. MKM Partners decreased their price objective on Amazon.com from $180.00 to $165.00 in a research report on Monday, July 25th. Mizuho decreased their price objective on Amazon.com from $197.50 to $155.00 and set a “buy” rating for the company in a research report on Thursday, July 21st. They noted that the move was a valuation call. Finally, Tigress Financial reaffirmed a “buy” rating and set a $232.00 price objective on shares of Amazon.com in a research report on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $176.61.

Amazon.com Stock Performance

Amazon.com stock opened at $123.53 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95. The stock has a fifty day moving average of $129.52 and a two-hundred day moving average of $130.86. The company has a market capitalization of $1.26 trillion, a price-to-earnings ratio of 110.74, a PEG ratio of 5.63 and a beta of 1.33. Amazon.com, Inc. has a fifty-two week low of $101.26 and a fifty-two week high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.35). The company had revenue of $121.23 billion for the quarter, compared to analysts’ expectations of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 0.99 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the completion of the sale, the chief executive officer now owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the completion of the sale, the chief executive officer now owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 23,620 shares of Amazon.com stock in a transaction on Monday, August 15th. The shares were sold at an average price of $142.29, for a total value of $3,360,889.80. Following the completion of the sale, the chief executive officer now directly owns 1,892,000 shares of the company’s stock, valued at approximately $269,212,680. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,628 shares of company stock valued at $9,802,599. Corporate insiders own 12.70% of the company’s stock.

About Amazon.com

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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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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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