Amazon.com, Inc. (NASDAQ:AMZN) Stake Boosted by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 469,299 shares of the e-commerce giant’s stock after buying an additional 8,789 shares during the quarter. Amazon.com makes up approximately 2.5% of Massmutual Trust Co. FSB ADV’s portfolio, making the stock its 5th largest holding. Massmutual Trust Co. FSB ADV’s holdings in Amazon.com were worth $87,446,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. PayPay Securities Corp raised its holdings in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the period. Christopher J. Hasenberg Inc increased its position in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Amazon.com in the first quarter valued at $69,000. Innealta Capital LLC purchased a new position in shares of Amazon.com during the 2nd quarter valued at $77,000. Finally, Abich Financial Wealth Management LLC grew its stake in shares of Amazon.com by 84.7% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock worth $84,000 after acquiring an additional 199 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,855 shares of company stock valued at $9,215,048 in the last 90 days. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.0 %

Shares of NASDAQ AMZN opened at $192.73 on Thursday. The firm’s fifty day moving average is $184.20 and its 200 day moving average is $183.64. Amazon.com, Inc. has a 52 week low of $131.71 and a 52 week high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.02 trillion, a price-to-earnings ratio of 46.11, a PEG ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. On average, equities research analysts expect that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AMZN shares. Sanford C. Bernstein boosted their price objective on Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Morgan Stanley restated an “overweight” rating and set a $210.00 price target on shares of Amazon.com in a research note on Thursday, October 3rd. DA Davidson reiterated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. Maxim Group lifted their price target on Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Barclays increased their price objective on Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $236.76.

About Amazon.com

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.