Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the first quarter, Holdings Channel reports. The institutional investor owned 476,826 shares of the e-commerce giant’s stock after acquiring an additional 3,552 shares during the period. Amazon.com makes up about 2.6% of MassMutual Private Wealth & Trust FSB’s portfolio, making the stock its 5th largest position. MassMutual Private Wealth & Trust FSB’s holdings in Amazon.com were worth $90,721,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Stonehearth Capital Management LLC lifted its holdings in shares of Amazon.com by 1.8% during the first quarter. Stonehearth Capital Management LLC now owns 3,198 shares of the e-commerce giant’s stock worth $608,000 after buying an additional 57 shares in the last quarter. First Financial Bank Trust Division raised its stake in Amazon.com by 24.3% in the first quarter. First Financial Bank Trust Division now owns 57,013 shares of the e-commerce giant’s stock valued at $10,847,000 after purchasing an additional 11,136 shares in the last quarter. Milestone Asset Management Group LLC acquired a new position in Amazon.com in the fourth quarter valued at about $1,860,000. Avant Financial Advisors LLC acquired a new position in Amazon.com in the fourth quarter valued at about $1,183,000. Finally, Fire Capital Management LLC acquired a new position in Amazon.com in the fourth quarter valued at about $2,993,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the transaction, the chief executive officer now owns 517,050 shares in the company, valued at approximately $105,984,909. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,037 shares of company stock worth $20,531,075. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $213.57 on Monday. The stock has a market capitalization of $2.27 trillion, a price-to-earnings ratio of 38.62, a PEG ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock’s 50 day moving average price is $191.84 and its two-hundred day moving average price is $208.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 EPS. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

AMZN has been the subject of a number of analyst reports. Evercore ISI dropped their price target on Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Mizuho dropped their price target on Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Raymond James reaffirmed an “outperform” rating and issued a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. BNP Paribas raised Amazon.com to a “hold” rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $244.89.

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.