FineMark National Bank & Trust Boosts Stock Position in Amazon.com, Inc. $AMZN

FineMark National Bank & Trust increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 228,480 shares of the e-commerce giant’s stock after acquiring an additional 6,204 shares during the quarter. Amazon.com makes up about 1.7% of FineMark National Bank & Trust’s investment portfolio, making the stock its 11th largest position. FineMark National Bank & Trust’s holdings in Amazon.com were worth $50,126,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Carderock Capital Management Inc. acquired a new stake in Amazon.com during the second quarter worth about $27,000. Maryland Capital Advisors Inc. grew its stake in shares of Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 95 shares during the period. Ryan Investment Management Inc. purchased a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $48,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $59,000. Finally, Access Investment Management LLC purchased a new stake in shares of Amazon.com during the 2nd quarter valued at approximately $74,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $226.89 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The firm has a market cap of $2.43 trillion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 1.58 and a beta of 1.37. The company’s 50 day moving average is $228.67 and its two-hundred day moving average is $224.28.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The business had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The company’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 earnings per share. On average, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $216.94, for a total value of $4,311,031.68. Following the sale, the chief executive officer owned 2,208,310 shares of the company’s stock, valued at $479,070,771.40. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the transaction, the director owned 26,148 shares of the company’s stock, valued at $5,925,398.28. The trade was a 4.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 82,234 shares of company stock worth $19,076,767 over the last quarter. 10.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AMZN shares. Roth Capital raised their target price on Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Cantor Fitzgerald reiterated an “overweight” rating on shares of Amazon.com in a report on Wednesday, December 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $300.00 price objective on shares of Amazon.com in a report on Tuesday, December 2nd. CIBC upped their target price on shares of Amazon.com to $315.00 in a research report on Monday, October 20th. Finally, Loop Capital lifted their price target on shares of Amazon.com from $300.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $296.78.

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.