Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lifted by Bank of Marin

Bank of Marin grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the third quarter, Holdings Channel.com reports. The firm owned 15,880 shares of the e-commerce giant’s stock after acquiring an additional 176 shares during the quarter. Amazon.com makes up approximately 2.4% of Bank of Marin’s investment portfolio, making the stock its 8th biggest position. Bank of Marin’s holdings in Amazon.com were worth $2,959,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Baxter Bros Inc. boosted its holdings in Amazon.com by 1.0% in the 2nd quarter. Baxter Bros Inc. now owns 28,882 shares of the e-commerce giant’s stock valued at $5,581,000 after purchasing an additional 281 shares during the last quarter. Brendel Financial Advisors LLC raised its position in shares of Amazon.com by 501.7% during the 2nd quarter. Brendel Financial Advisors LLC now owns 12,101 shares of the e-commerce giant’s stock valued at $2,339,000 after buying an additional 10,090 shares during the period. Wedmont Private Capital lifted its holdings in Amazon.com by 9.2% in the second quarter. Wedmont Private Capital now owns 123,255 shares of the e-commerce giant’s stock valued at $23,972,000 after acquiring an additional 10,385 shares during the last quarter. Roman Butler Fullerton & Co. grew its position in Amazon.com by 3.9% in the second quarter. Roman Butler Fullerton & Co. now owns 62,220 shares of the e-commerce giant’s stock worth $12,431,000 after acquiring an additional 2,316 shares during the period. Finally, JBR Co Financial Management Inc increased its stake in Amazon.com by 0.9% during the second quarter. JBR Co Financial Management Inc now owns 10,546 shares of the e-commerce giant’s stock worth $2,038,000 after acquiring an additional 90 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now owns 524,567 shares in the company, valued at $110,159,070. This represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of several recent analyst reports. Telsey Advisory Group upped their price target on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Royal Bank of Canada increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Piper Sandler boosted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Wedbush increased their price objective on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Rosenblatt Securities boosted their target price on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

Amazon.com Stock Down 0.9 %

AMZN stock opened at $227.05 on Friday. The stock has a market cap of $2.39 trillion, a P/E ratio of 48.62, a PEG ratio of 1.54 and a beta of 1.16. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00. The company’s 50 day moving average is $209.04 and its two-hundred day moving average is $192.55.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the business earned $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal 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.