AMG National Trust Bank Has $4.44 Million Holdings in Amazon.com, Inc. (AMZN)

AMG National Trust Bank grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,587 shares of the e-commerce giant’s stock after purchasing 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 quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its position in Amazon.com by 1.1% during the first 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 period. Harbour Capital Advisors LLC lifted its holdings in shares of Amazon.com by 100,947.5% during the second quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock worth $2,379,000 after buying an additional 2,300,593 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Amazon.com by 3.8% during the second quarter. Legal & General Group Plc now owns 1,790,451 shares of the e-commerce giant’s stock worth $1,733,174,000 after buying an additional 66,086 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Amazon.com by 0.5% during the first quarter. American Century Companies Inc. now owns 1,647,564 shares of the e-commerce giant’s stock worth $1,460,631,000 after buying an additional 8,704 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Amazon.com by 3.5% during the second quarter. Swiss National Bank now owns 1,481,841 shares of the e-commerce giant’s stock worth $1,434,422,000 after buying an additional 50,700 shares in the last quarter. Institutional investors own 59.77% of the company’s stock.

In other news, Director Tom A. Alberg sold 1,860 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total value of $2,063,112.00. Following the completion of the transaction, the director now owns 18,460 shares of the company’s stock, valued at $20,475,832. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the completion of the transaction, the chief executive officer now directly owns 79,891,433 shares of the company’s stock, valued at approximately $88,162,593,058.49. The disclosure for this sale can be found here. Insiders have sold 402,338 shares of company stock valued at $444,391,701 in the last three months. 17.70% of the stock is currently owned by corporate insiders.

A number of research analysts recently commented on AMZN shares. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $1,150.00 price target on shares of Amazon.com in a research note on Friday, September 1st. DA Davidson initiated coverage on Amazon.com in a research note on Wednesday, September 6th. They set a “buy” rating and a $1,300.00 target price for the company. MKM Partners reissued a “buy” rating and set a $1,275.00 target price on shares of Amazon.com in a research note on Thursday, September 7th. Royal Bank of Canada set a $1,100.00 price target on Amazon.com and gave the stock a “buy” rating in a report on Monday, September 11th. Finally, Barclays restated an “overweight” rating and set a $1,150.00 price target on shares of Amazon.com in a report on Tuesday, September 12th. Four equities research analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $1,237.19.

Amazon.com, Inc. (NASDAQ:AMZN) traded down $16.63 during mid-day trading on Friday, hitting $1,169.47. The stock had a trading volume of 2,677,973 shares, compared to its average volume of 2,753,481. Amazon.com, Inc. has a 52-week low of $747.70 and a 52-week high of $1,213.41. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $571,548.63, a PE ratio of 296.82, a P/E/G ratio of 13.42 and a beta of 1.47.

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

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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.

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

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