First National Bank & Trust Co. of Newtown acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 130 shares of the e-commerce giant’s stock, valued at approximately $221,000.
Other large investors have also modified their holdings of the company. Lee Financial Co increased its position in shares of Amazon.com by 154.3% in the first quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock valued at $129,000 after acquiring an additional 54 shares during the period. Point72 Asia Hong Kong Ltd purchased a new position in shares of Amazon.com in the first quarter valued at about $145,000. Legacy Advisors LLC increased its position in shares of Amazon.com by 47.1% in the second quarter. Legacy Advisors LLC now owns 103 shares of the e-commerce giant’s stock valued at $175,000 after acquiring an additional 33 shares during the period. JJJ Advisors Inc. purchased a new position in shares of Amazon.com in the second quarter valued at about $175,000. Finally, WP Advisors LLC purchased a new position in shares of Amazon.com in the second quarter valued at about $177,000. Institutional investors own 57.15% of the company’s stock.
Shares of NASDAQ AMZN opened at $1,642.81 on Friday. The company has a market capitalization of $869.24 billion, a PE ratio of 361.06, a PEG ratio of 3.72 and a beta of 1.58. Amazon.com, Inc. has a 52-week low of $1,050.55 and a 52-week high of $2,050.50. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.78 and a current ratio of 1.07.
In other news, Director Thomas O. Ryder sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $1,783.81, for a total value of $8,919,050.00. Following the transaction, the director now owns 10,752 shares in the company, valued at $19,179,525.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 1,726 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $1,900.00, for a total transaction of $3,279,400.00. Following the completion of the transaction, the chief executive officer now owns 88,801 shares in the company, valued at approximately $168,721,900. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,308 shares of company stock worth $47,905,498. Insiders own 16.30% of the company’s stock.
AMZN has been the topic of a number of analyst reports. Argus boosted their price objective on shares of Amazon.com to $1,900.00 and gave the company a “buy” rating in a research report on Tuesday, July 3rd. JPMorgan Chase & Co. restated a “buy” rating on shares of Amazon.com in a research report on Monday, July 9th. Morgan Stanley restated a “buy” rating on shares of Amazon.com in a research report on Wednesday, July 11th. Canaccord Genuity restated a “buy” rating and issued a $2,000.00 price objective (up previously from $1,800.00) on shares of Amazon.com in a research report on Thursday, July 12th. Finally, Cowen boosted their price objective on shares of Amazon.com from $2,000.00 to $2,100.00 and gave the company an “outperform” rating in a research report on Friday, July 13th. Five research analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $2,083.06.
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) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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