NBT Bank N A NY Lowers Position in Amazon.com, Inc. (NASDAQ:AMZN)

NBT Bank N A NY reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 139,704 shares of the e-commerce giant’s stock after selling 253 shares during the period. Amazon.com accounts for about 1.8% of NBT Bank N A NY’s portfolio, making the stock its 8th largest position. NBT Bank N A NY’s holdings in Amazon.com were worth $25,200,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AMZN. Members Trust Co boosted its stake in Amazon.com by 8.9% in the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after purchasing an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC boosted its stake in Amazon.com by 14.7% in the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after purchasing an additional 675 shares in the last quarter. Tompkins Financial Corp boosted its stake in Amazon.com by 3.3% in the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after purchasing an additional 2,273 shares in the last quarter. Nicholas Company Inc. boosted its stake in Amazon.com by 3.9% in the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after purchasing an additional 26,465 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in Amazon.com by 5.4% in the 4th quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after purchasing an additional 277,631 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 0.2 %

NASDAQ AMZN traded down $0.30 during trading hours on Friday, reaching $180.75. The company had a trading volume of 27,471,640 shares, compared to its average volume of 45,370,076. The stock has a 50-day moving average of $182.04 and a 200 day moving average of $166.22. Amazon.com, Inc. has a 1-year low of $114.31 and a 1-year high of $191.70. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.88 trillion, a P/E ratio of 50.63, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. Amazon.com’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, research analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the sale, the director now directly owns 104,400 shares in the company, valued at $19,836,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the sale, the director now directly owns 104,400 shares in the company, valued at $19,836,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.22, for a total transaction of $186,220.00. Following the sale, the director now owns 4,760 shares in the company, valued at $886,407.20. The disclosure for this sale can be found here. Insiders have sold 117,894 shares of company stock valued at $21,363,909 over the last 90 days. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Susquehanna lifted their target price on shares of Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a research note on Friday, February 2nd. BMO Capital Markets raised their price target on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Oppenheimer raised their price target on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Sanford C. Bernstein raised their price target on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Bank of America raised their price target on shares of Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $211.62.

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.