Amazon.com, Inc. $AMZN Shares Sold by United Community Bank

United Community Bank decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 29.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,426 shares of the e-commerce giant’s stock after selling 4,254 shares during the period. Amazon.com comprises 0.9% of United Community Bank’s investment portfolio, making the stock its 21st biggest position. United Community Bank’s holdings in Amazon.com were worth $2,407,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Boyer Financial Services Inc. acquired a new position in Amazon.com during the 4th quarter worth about $577,000. KTF Investments LLC acquired a new position in Amazon.com during the 4th quarter worth about $32,466,000. Oakworth Capital Inc. lifted its stake in Amazon.com by 2.0% during the 4th quarter. Oakworth Capital Inc. now owns 27,096 shares of the e-commerce giant’s stock worth $6,254,000 after acquiring an additional 527 shares in the last quarter. Citizens National Bank Trust Department lifted its stake in Amazon.com by 0.7% during the 4th quarter. Citizens National Bank Trust Department now owns 72,278 shares of the e-commerce giant’s stock worth $16,683,000 after acquiring an additional 484 shares in the last quarter. Finally, GPM Growth Investors Inc. lifted its stake in Amazon.com by 1.0% during the 4th quarter. GPM Growth Investors Inc. now owns 55,279 shares of the e-commerce giant’s stock worth $12,759,000 after acquiring an additional 521 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $265.01 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. The firm has a market capitalization of $2.85 trillion, a P/E ratio of 31.70, a P/E/G ratio of 1.94 and a beta of 1.46. The business’s 50-day moving average is $237.34 and its two-hundred day moving average is $231.45. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $278.56.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping the consensus estimate of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The business had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. During the same quarter last year, the company earned $1.59 EPS. The business’s quarterly revenue was up 16.6% on a year-over-year basis. Analysts anticipate that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Matthew S. Garman sold 11,475 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $262.66, for a total transaction of $3,014,023.50. Following the sale, the chief executive officer owned 11,430 shares of the company’s stock, valued at approximately $3,002,203.80. This trade represents a 50.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 3,742 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $262.59, for a total value of $982,611.78. Following the sale, the chief executive officer directly owned 476,972 shares in the company, valued at $125,248,077.48. This trade represents a 0.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 201,026 shares of company stock worth $49,128,874 over the last 90 days. Insiders own 8.90% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of several research reports. Canaccord Genuity Group increased their target price on Amazon.com from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. William Blair reissued an “outperform” rating on shares of Amazon.com in a research note on Thursday, April 9th. Susquehanna reissued a “positive” rating and set a $325.00 target price (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Stifel Nicolaus set a $319.00 price target on Amazon.com and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Moffett Nathanson increased their price target on Amazon.com from $283.00 to $288.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $312.66.

View Our Latest Stock Analysis on Amazon.com

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Amazon.com Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

See Also

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

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