Amazon.com, Inc. (NASDAQ:AMZN) Position Lifted by Cambridge Trust Co.

Cambridge Trust Co. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 370,341 shares of the e-commerce giant’s stock after buying an additional 8,953 shares during the period. Amazon.com accounts for approximately 2.3% of Cambridge Trust Co.’s portfolio, making the stock its 5th biggest holding. Cambridge Trust Co.’s holdings in Amazon.com were worth $56,270,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Members Trust Co boosted its stake in Amazon.com by 8.9% during the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after purchasing an additional 341 shares during the period. Cherrydale Wealth Management LLC boosted its stake in shares of Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after buying an additional 675 shares during the period. Tompkins Financial Corp grew its holdings in shares of Amazon.com by 3.3% during the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after buying an additional 2,273 shares during the last quarter. Nicholas Company Inc. increased its position in Amazon.com by 3.9% in the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after acquiring an additional 26,465 shares during the period. Finally, Nordea Investment Management AB raised its stake in Amazon.com by 5.4% during the 4th quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock valued at $825,065,000 after acquiring an additional 277,631 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the transaction, the director now directly owns 4,760 shares of the company’s stock, valued at $886,407.20. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the sale, the chief executive officer now directly owns 509,358 shares in the company, valued at approximately $91,832,153.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the transaction, the director now owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,198,961 shares of company stock valued at $4,482,430,577. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Trading Down 0.4 %

Shares of AMZN stock opened at $188.00 on Thursday. Amazon.com, Inc. has a 1-year low of $105.16 and a 1-year high of $189.94. The firm’s 50-day simple moving average is $179.60 and its 200-day simple moving average is $161.63. The firm has a market cap of $1.96 trillion, a P/E ratio of 52.66, a PEG ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the previous year, the company earned $0.31 EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 4.67 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Benchmark reiterated a “buy” rating and issued a $200.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Canaccord Genuity Group boosted their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Stifel Nicolaus boosted their price target 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. Finally, Susquehanna raised their price objective on shares of Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amazon.com has an average rating of “Buy” and a consensus target price of $211.62.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.