Amazon.com, Inc. (NASDAQ:AMZN) Holdings Reduced by Cadence Bank NA

Cadence Bank NA decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 90.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,460 shares of the e-commerce giant’s stock after selling 31,826 shares during the quarter. Amazon.com comprises 2.4% of Cadence Bank NA’s holdings, making the stock its 8th largest position. Cadence Bank NA’s holdings in Amazon.com were worth $391,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State Street Corp increased its stake in Amazon.com by 1,869.1% during the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after acquiring an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after buying an additional 295,880,050 shares in the last quarter. FMR LLC grew its stake in shares of Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after buying an additional 270,931,640 shares in the last quarter. Northern Trust Corp grew its stake in shares of Amazon.com by 1,867.0% in the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after buying an additional 90,167,792 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Amazon.com by 1,944.4% in the second quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock valued at $6,370,223,000 after buying an additional 57,043,701 shares in the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AMZN. Deutsche Bank Aktiengesellschaft dropped their price objective on Amazon.com from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, October 28th. DA Davidson dropped their price objective on Amazon.com to $114.00 in a research note on Thursday, December 1st. Evercore ISI dropped their price objective on Amazon.com from $170.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, December 19th. Robert W. Baird dropped their price objective on Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Finally, Rosenblatt Securities lowered their target price on Amazon.com from $118.00 to $103.00 and set a “neutral” rating for the company in a research note on Monday, November 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $145.87.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 345 shares of the stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the sale, the chief executive officer now directly owns 112,795 shares in the company, valued at approximately $11,505,090. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Douglas J. Herrington sold 15,787 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the completion of the sale, the chief executive officer now directly owns 522,251 shares in the company, valued at $53,844,078.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 345 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total value of $35,190.00. Following the sale, the chief executive officer now owns 112,795 shares of the company’s stock, valued at $11,505,090. The disclosure for this sale can be found here. In the last three months, insiders sold 52,428 shares of company stock worth $5,077,578. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Trading Up 3.8 %

Shares of AMZN opened at $97.25 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $992.11 billion, a P/E ratio of 89.26, a price-to-earnings-growth ratio of 3.06 and a beta of 1.22. The stock’s fifty day simple moving average is $90.72 and its 200 day simple moving average is $110.23. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. During the same period last year, the business posted $0.31 earnings per share. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, equities research analysts forecast that Amazon.com, Inc. will post 0.68 earnings per share for the current year.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which 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 American-focused websites such as www.amazon.com and www.amazon.ca.

Further Reading

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

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