Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Norway Savings Bank
Norway Savings Bank boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 544 shares of the e-commerce giant’s stock after purchasing an additional 26 shares during the period. Amazon.com comprises 1.2% of Norway Savings Bank’s investment portfolio, making the stock its 24th biggest position. Norway Savings Bank’s holdings in Amazon.com were worth $1,712,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Gantzert Investment Co. LLC ADV purchased a new position in Amazon.com during the 2nd quarter valued at about $28,000. Lountzis Asset Management LLC acquired a new stake in shares of Amazon.com in the second quarter valued at approximately $28,000. James Investment Research Inc. purchased a new position in shares of Amazon.com during the 2nd quarter worth approximately $55,000. Spence Asset Management raised its position in shares of Amazon.com by 57.1% during the 2nd quarter. Spence Asset Management now owns 22 shares of the e-commerce giant’s stock worth $61,000 after purchasing an additional 8 shares during the last quarter. Finally, Davis Capital Management lifted its stake in Amazon.com by 11.4% in the 2nd quarter. Davis Capital Management now owns 39 shares of the e-commerce giant’s stock valued at $108,000 after buying an additional 4 shares in the last quarter. 57.32% of the stock is owned by hedge funds and other institutional investors.
NASDAQ AMZN opened at $3,272.71 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.18 and a debt-to-equity ratio of 0.45. Amazon.com, Inc. has a fifty-two week low of $1,626.03 and a fifty-two week high of $3,552.25. The business has a 50 day moving average price of $3,207.58 and a two-hundred day moving average price of $2,802.40. The stock has a market cap of $1,639.27 billion, a PE ratio of 125.83, a P/E/G ratio of 3.59 and a beta of 1.35.
In other news, VP Shelley Reynolds sold 292 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $3,173.12, for a total transaction of $926,551.04. Following the completion of the sale, the vice president now directly owns 6,281 shares in the company, valued at $19,930,366.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey P. Bezos sold 97,654 shares of Amazon.com stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $3,150.09, for a total value of $307,618,888.86. Following the sale, the chief executive officer now directly owns 54,583,923 shares in the company, valued at $171,944,270,003.07. The disclosure for this sale can be found here. Insiders have sold a total of 102,815 shares of company stock worth $324,095,003 in the last ninety days. 16.10% of the stock is currently owned by insiders.
Several research firms have weighed in on AMZN. Edward Jones reissued a “buy” rating on shares of Amazon.com in a research report on Friday, July 31st. William Blair reissued a “buy” rating on shares of Amazon.com in a research note on Monday, June 22nd. BMO Capital Markets upped their target price on shares of Amazon.com from $2,850.00 to $3,500.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Royal Bank of Canada reiterated a “buy” rating on shares of Amazon.com in a report on Friday, September 18th. Finally, Stifel Nicolaus upped their price objective on shares of Amazon.com from $3,300.00 to $3,500.00 and gave the company a “buy” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and forty-nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $3,438.90.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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