AMG National Trust Bank Has $28.09 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

AMG National Trust Bank raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 127,273 shares of the e-commerce giant’s stock after purchasing an additional 1,735 shares during the quarter. Amazon.com accounts for 0.8% of AMG National Trust Bank’s investment portfolio, making the stock its 29th largest holding. AMG National Trust Bank’s holdings in Amazon.com were worth $28,088,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Babb Wealth Advisors LLC bought a new position in Amazon.com in the 4th quarter valued at $293,000. Beam Wealth Advisors Inc. lifted its position in Amazon.com by 2.5% during the 4th quarter. Beam Wealth Advisors Inc. now owns 13,121 shares of the e-commerce giant’s stock valued at $2,879,000 after purchasing an additional 317 shares during the period. Berkshire Asset Management LLC PA lifted its holdings in Amazon.com by 4.1% in the fourth quarter. Berkshire Asset Management LLC PA now owns 33,041 shares of the e-commerce giant’s stock valued at $7,760,000 after buying an additional 1,307 shares during the period. Bradyco Inc. acquired a new position in shares of Amazon.com in the 4th quarter valued at $8,719,000. Finally, Haven Private LLC bought a new position in Amazon.com during the fourth quarter worth about $1,203,000. 72.20% of the stock is owned by institutional investors.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock worth $23,341,803 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Westpark Capital began coverage on shares of Amazon.com in a research note on Tuesday, April 1st. They set a “buy” rating and a $280.00 price target for the company. Robert W. Baird upped their target price on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. JMP Securities set a $285.00 price target on shares of Amazon.com in a research note on Thursday, March 27th. Finally, Royal Bank of Canada raised their price objective on Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.53.

Amazon.com Trading Up 2.5 %

AMZN opened at $175.26 on Tuesday. The firm has a market capitalization of $1.86 trillion, a price-to-earnings ratio of 31.69, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company’s 50 day moving average price is $210.97 and its two-hundred day moving average price is $209.12. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.