Amazon.com, Inc. (AMZN) Shares Bought by AMG National Trust Bank

AMG National Trust Bank grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,587 shares of the e-commerce giant’s stock after acquiring an additional 245 shares during the period. AMG National Trust Bank’s holdings in Amazon.com were worth $4,440,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. State Street Corp raised its position in Amazon.com by 1.1% in the 1st quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock worth $14,667,392,000 after purchasing an additional 186,756 shares during the last quarter. Harbour Capital Advisors LLC raised its position in Amazon.com by 100,947.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock worth $2,379,000 after purchasing an additional 2,300,593 shares during the last quarter. Legal & General Group Plc raised its position in Amazon.com by 3.8% in the 2nd quarter. Legal & General Group Plc now owns 1,790,451 shares of the e-commerce giant’s stock worth $1,733,174,000 after purchasing an additional 66,086 shares during the last quarter. American Century Companies Inc. raised its position in Amazon.com by 0.5% in the 1st quarter. American Century Companies Inc. now owns 1,647,564 shares of the e-commerce giant’s stock worth $1,460,631,000 after purchasing an additional 8,704 shares during the last quarter. Finally, Swiss National Bank raised its position in Amazon.com by 3.5% in the 2nd quarter. Swiss National Bank now owns 1,481,841 shares of the e-commerce giant’s stock worth $1,434,422,000 after purchasing an additional 50,700 shares during the last quarter. Institutional investors own 59.79% of the company’s stock.

Amazon.com, Inc. (AMZN) opened at $1,152.35 on Thursday. Amazon.com, Inc. has a 52-week low of $747.70 and a 52-week high of $1,213.41. The stock has a market cap of $546,418.94, a P/E ratio of 287.80, a price-to-earnings-growth ratio of 14.21 and a beta of 1.47. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. During the same quarter in the previous year, the company earned $0.52 EPS. The business’s revenue for the quarter was up 33.7% on a year-over-year basis. sell-side analysts expect that Amazon.com, Inc. will post 4.24 earnings per share for the current year.

AMZN has been the subject of several research analyst reports. Canaccord Genuity restated a “buy” rating and issued a $1,200.00 price objective on shares of Amazon.com in a research report on Wednesday, October 11th. Wedbush set a $1,250.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research report on Monday, October 23rd. Royal Bank Of Canada set a $1,100.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research report on Monday, September 11th. Morgan Stanley restated a “buy” rating and issued a $1,150.00 price objective on shares of Amazon.com in a research report on Tuesday, October 10th. Finally, Atlantic Securities restated a “buy” rating on shares of Amazon.com in a research report on Friday, October 27th. Four equities research analysts have rated the stock with a hold rating and fifty have assigned a buy rating to the stock. Amazon.com currently has a consensus rating of “Buy” and an average target price of $1,210.68.

In other Amazon.com news, Director Tom A. Alberg sold 1,860 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the transaction, the director now owns 18,460 shares in the company, valued at approximately $20,475,832. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the sale, the chief executive officer now owns 79,891,433 shares in the company, valued at approximately $88,162,593,058.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 399,538 shares of company stock worth $441,142,749. Company insiders own 17.00% of the company’s stock.

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Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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

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