Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by M&T Bank Corp
M&T Bank Corp lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,498,517 shares of the e-commerce giant's stock after purchasing an additional 78,163 shares during the period. Amazon.com comprises 1.8% of M&T Bank Corp's holdings, making the stock its 11th biggest holding. M&T Bank Corp's holdings in Amazon.com were worth $548,150,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. AMF Tjanstepension AB boosted its position in shares of Amazon.com by 44.3% in the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant's stock valued at $492,172,000 after purchasing an additional 811,425 shares during the period. Swedbank AB lifted its stake in Amazon.com by 1.4% during the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock valued at $2,484,864,000 after buying an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC acquired a new position in shares of Amazon.com in the third quarter worth about $279,000. Howard Capital Management Group LLC increased its position in shares of Amazon.com by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock worth $66,434,000 after acquiring an additional 897 shares in the last quarter. Finally, Meridian Management Co. raised its holdings in shares of Amazon.com by 27.6% during the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant's stock valued at $6,235,000 after acquiring an additional 7,246 shares during the period. 72.20% of the stock is currently owned by institutional investors.
NASDAQ AMZN opened at $171.00 on Friday. The company's fifty day moving average is $212.18 and its two-hundred day moving average is $209.06. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a market capitalization of $1.81 trillion, a price-to-earnings ratio of 30.92, a P/E/G ratio of 1.50 and a beta of 1.39.
Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.
AMZN has been the subject of a number of recent analyst reports. Raymond James raised their price objective on shares of Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Stifel Nicolaus lifted their price target on Amazon.com from $245.00 to $275.00 and gave the company a "buy" rating in a report on Friday, February 7th. Loop Capital increased their price objective on Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. UBS Group raised their price objective on Amazon.com from $230.00 to $264.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Finally, Morgan Stanley upped their target price on Amazon.com from $230.00 to $280.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $260.53.
Read Our Latest Research Report on Amazon.com
In other news, SVP David Zapolsky sold 5,848 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the completion of the transaction, the senior vice president now directly owns 69,162 shares of the company's stock, valued at approximately $15,265,436.64. This trade represents a 7.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by corporate insiders.
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.
Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).
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