Burke & Herbert Bank & Trust Co. Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)


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Burke & Herbert Bank & Trust Co. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 575 shares of the e-commerce giant’s stock after buying an additional 6 shares during the period. Amazon.com comprises 1.2% of Burke & Herbert Bank & Trust Co.’s investment portfolio, making the stock its 22nd biggest position. Burke & Herbert Bank & Trust Co.’s holdings in Amazon.com were worth $1,779,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Advanced Research Investment Solutions LLC purchased a new position in Amazon.com in the fourth quarter valued at $26,000. Resolute Partners Group purchased a new position in Amazon.com in the fourth quarter valued at $26,000. Cowa LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth about $32,000. Tacita Capital Inc purchased a new stake in shares of Amazon.com during the fourth quarter worth about $39,000. Finally, Kinloch Capital LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth about $42,000. 56.39% of the stock is owned by institutional investors.

A number of analysts have recently commented on AMZN shares. Oppenheimer boosted their target price on shares of Amazon.com from $3,700.00 to $4,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 3rd. MKM Partners boosted their target price on shares of Amazon.com from $3,750.00 to $3,975.00 and gave the stock a “buy” rating in a research note on Wednesday, February 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Amazon.com from $4,050.00 to $4,250.00 and gave the stock a “buy” rating in a research report on Wednesday, February 3rd. Stifel Nicolaus boosted their price target on shares of Amazon.com from $3,600.00 to $4,000.00 and gave the stock a “buy” rating in a research report on Wednesday, February 3rd. Finally, Cowen boosted their price target on shares of Amazon.com from $4,350.00 to $4,400.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 3rd. Two investment analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company’s stock. Amazon.com currently has a consensus rating of “Buy” and an average target price of $3,930.67.

Shares of NASDAQ:AMZN opened at $3,379.39 on Tuesday. Amazon.com, Inc. has a 52 week low of $2,038.00 and a 52 week high of $3,552.25. The company’s 50 day moving average is $3,118.29 and its two-hundred day moving average is $3,181.94. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 0.40. The company has a market cap of $1.70 trillion, a PE ratio of 98.96, a P/E/G ratio of 2.37 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Monday, February 1st. The e-commerce giant reported $14.09 EPS for the quarter, beating the Zacks’ consensus estimate of $7.05 by $7.04. Amazon.com had a net margin of 4.99% and a return on equity of 24.49%. The company had revenue of $125.56 billion for the quarter, compared to the consensus estimate of $119.73 billion. During the same period in the prior year, the firm posted $6.47 EPS. The company’s quarterly revenue was up 43.6% compared to the same quarter last year. As a group, equities research analysts expect that Amazon.com, Inc. will post 34.59 EPS for the current year.

In other news, Director Judith A. Mcgrath sold 340 shares of the company’s stock in a transaction on Thursday, February 4th. The shares were sold at an average price of $3,328.35, for a total value of $1,131,639.00. Following the completion of the transaction, the director now owns 1,984 shares in the company, valued at approximately $6,603,446.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David H. Clark sold 1,019 shares of the company’s stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $3,257.88, for a total transaction of $3,319,779.72. Following the completion of the transaction, the chief executive officer now owns 1,452 shares of the company’s stock, valued at approximately $4,730,441.76. The disclosure for this sale can be found here. Corporate insiders own 16.10% of the company’s stock.

About Amazon.com

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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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