NBT Bank N A NY Has $25.20 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

NBT Bank N A NY cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 139,704 shares of the e-commerce giant’s stock after selling 253 shares during the period. Amazon.com makes up 1.8% of NBT Bank N A NY’s holdings, making the stock its 8th biggest holding. NBT Bank N A NY’s holdings in Amazon.com were worth $25,200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cooksen Wealth LLC bought a new stake in Amazon.com in the 4th quarter worth about $30,000. PayPay Securities Corp boosted its stake in Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares during the last quarter. Strid Group LLC purchased a new position in Amazon.com in the fourth quarter valued at about $43,000. Finally, Harbor Investment Advisory LLC boosted its stake in Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 1,988 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AMZN. Mizuho boosted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Truist Financial boosted their target price on shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Stifel Nicolaus boosted their target price on shares of Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Monness Crespi & Hardt upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, JMP Securities restated a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average target price of $211.62.

Amazon.com Trading Down 0.2 %

NASDAQ:AMZN traded down $0.30 during trading hours on Friday, reaching $180.75. The company’s stock had a trading volume of 27,471,640 shares, compared to its average volume of 45,370,076. The firm has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 50.63, a PEG ratio of 1.30 and a beta of 1.15. The firm has a 50-day simple moving average of $182.04 and a 200-day simple 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 debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (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 firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the previous year, the company earned $0.31 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. Research analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $21,726,894.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the sale, the director now directly owns 4,760 shares in the company, valued at approximately $886,407.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,894 shares of company stock worth $21,363,909. 10.80% of the stock is currently owned by company insiders.

Amazon.com 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.