Amazon.com, Inc. (AMZN) Stake Boosted by First Command Bank

First Command Bank grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,003 shares of the e-commerce giant’s stock after purchasing an additional 26 shares during the quarter. Amazon.com makes up approximately 0.8% of First Command Bank’s portfolio, making the stock its 21st largest holding. First Command Bank’s holdings in Amazon.com were worth $1,506,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AMZN. Vanguard Group Inc increased its position in Amazon.com by 1.8% during the third quarter. Vanguard Group Inc now owns 29,599,653 shares of the e-commerce giant’s stock worth $59,288,105,000 after acquiring an additional 516,913 shares during the period. Morgan Stanley boosted its stake in Amazon.com by 2.4% during the third quarter. Morgan Stanley now owns 4,751,157 shares of the e-commerce giant’s stock worth $9,516,567,000 after buying an additional 113,503 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Amazon.com by 700,301.9% during the third quarter. Bank of New York Mellon Corp now owns 3,999,295 shares of the e-commerce giant’s stock worth $8,010,587,000 after buying an additional 3,998,724 shares in the last quarter. Legal & General Group Plc boosted its stake in Amazon.com by 1.1% during the third quarter. Legal & General Group Plc now owns 1,642,555 shares of the e-commerce giant’s stock worth $3,290,040,000 after buying an additional 18,497 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Amazon.com by 0.4% during the third quarter. Fisher Asset Management LLC now owns 1,569,103 shares of the e-commerce giant’s stock worth $3,142,915,000 after buying an additional 6,027 shares in the last quarter. 56.11% of the stock is currently owned by institutional investors.

Amazon.com stock opened at $1,863.04 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.85. Amazon.com, Inc. has a 12-month low of $1,307.00 and a 12-month high of $2,050.50. The stock has a market capitalization of $906.88 billion, a P/E ratio of 92.50, a price-to-earnings-growth ratio of 2.22 and a beta of 1.63.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.55 by $0.49. Amazon.com had a return on equity of 27.02% and a net margin of 4.33%. The business had revenue of $72.38 billion during the quarter, compared to analysts’ expectations of $71.73 billion. During the same period in the previous year, the business posted $2.16 earnings per share. As a group, sell-side analysts predict that Amazon.com, Inc. will post 26.66 EPS for the current fiscal year.

In related news, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $1,811.14, for a total value of $3,622,280.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $18,111,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patricia Q. Stonesifer sold 1,375 shares of Amazon.com stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $1,602.00, for a total value of $2,202,750.00. Following the completion of the transaction, the director now directly owns 7,861 shares of the company’s stock, valued at $12,593,322. The disclosure for this sale can be found here. Insiders sold 7,075 shares of company stock valued at $11,802,708 over the last ninety days. 16.30% of the stock is currently owned by company insiders.

AMZN has been the topic of a number of recent research reports. Royal Bank of Canada reiterated a “buy” rating and set a $2,300.00 price target on shares of Amazon.com in a research note on Friday, December 21st. BidaskClub downgraded shares of Amazon.com from a “hold” rating to a “sell” rating in a research note on Saturday, December 22nd. Zacks Investment Research upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $1,543.00 price target on the stock in a research note on Monday, December 31st. Goldman Sachs Group decreased their price target on shares of Amazon.com from $2,200.00 to $2,000.00 and set a “conviction-buy” rating on the stock in a research note on Friday, January 4th. Finally, Pivotal Research initiated coverage on shares of Amazon.com in a research note on Monday, January 7th. They set a “buy” rating and a $1,920.00 price target on the stock. Four research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $2,139.02.

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

Further Reading: Average Daily Trade Volume – ADTV

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

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