Wilmington Savings Fund Society FSB Purchases 114,043 Shares of Amazon.com, Inc. (NASDAQ:AMZN)
Wilmington Savings Fund Society FSB lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 61.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 298,678 shares of the e-commerce giant's stock after buying an additional 114,043 shares during the quarter. Amazon.com comprises 1.0% of Wilmington Savings Fund Society FSB's portfolio, making the stock its 17th biggest holding. Wilmington Savings Fund Society FSB's holdings in Amazon.com were worth $55,653,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Rench Wealth Management Inc. raised its holdings in Amazon.com by 7.9% during the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock valued at $9,392,000 after acquiring an additional 3,703 shares during the period. Foundations Investment Advisors LLC raised its stake in Amazon.com by 9.7% during the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant's stock valued at $34,395,000 after purchasing an additional 16,392 shares during the period. Umpqua Bank lifted its holdings in Amazon.com by 0.4% in the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock worth $6,544,000 after purchasing an additional 137 shares in the last quarter. Washington Trust Advisors Inc. boosted its stake in Amazon.com by 0.4% in the 3rd quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant's stock worth $41,972,000 after purchasing an additional 982 shares during the period. Finally, First Dallas Securities Inc. grew its holdings in Amazon.com by 12.5% during the 3rd quarter. First Dallas Securities Inc. now owns 28,238 shares of the e-commerce giant's stock valued at $5,262,000 after buying an additional 3,140 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the transaction, the insider now directly owns 917,416,976 shares of the company's stock, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares of the company's stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.
NASDAQ AMZN opened at $225.94 on Friday. The firm's fifty day simple moving average is $217.56 and its two-hundred day simple moving average is $196.10. The firm has a market capitalization of $2.38 trillion, a P/E ratio of 48.38, a P/E/G ratio of 1.22 and a beta of 1.14. 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 12-month low of $151.61 and a 12-month high of $233.00.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the business earned $0.85 EPS. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. Analysts forecast that Amazon.com, Inc. will post 5.38 EPS for the current fiscal year.
A number of equities analysts recently weighed in on the stock. Pivotal Research initiated coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a "buy" rating and a $260.00 target price for the company. Royal Bank of Canada increased their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Truist Financial lifted their target price on Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Moffett Nathanson increased their price target on Amazon.com from $235.00 to $248.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Scotiabank lifted their price objective on Amazon.com from $245.00 to $246.00 and gave the stock a "sector outperform" rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and an average target price of $245.65.
Check Out Our Latest Report on 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.
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