Amazon.com, Inc. (AMZN) Shares Bought by Eastern Bank

Eastern Bank boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,954 shares of the e-commerce giant’s stock after buying an additional 219 shares during the quarter. Amazon.com makes up 2.1% of Eastern Bank’s investment portfolio, making the stock its 5th largest holding. Eastern Bank’s holdings in Amazon.com were worth $28,468,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WCM Investment Management CA increased its stake in Amazon.com by 18.9% during the 2nd quarter. WCM Investment Management CA now owns 56,999 shares of the e-commerce giant’s stock worth $96,887,000 after buying an additional 9,064 shares during the period. Northern Trust Corp increased its stake in Amazon.com by 1.1% during the 2nd quarter. Northern Trust Corp now owns 4,676,441 shares of the e-commerce giant’s stock worth $7,949,013,000 after buying an additional 50,552 shares during the period. Royal London Asset Management Ltd. purchased a new stake in Amazon.com during the 2nd quarter worth $409,413,000. Rehmann Capital Advisory Group increased its stake in Amazon.com by 4.1% during the 2nd quarter. Rehmann Capital Advisory Group now owns 2,397 shares of the e-commerce giant’s stock worth $4,074,000 after buying an additional 94 shares during the period. Finally, Summit X LLC increased its stake in Amazon.com by 18.4% during the 2nd quarter. Summit X LLC now owns 309 shares of the e-commerce giant’s stock worth $523,000 after buying an additional 48 shares during the period. 56.11% of the stock is owned by institutional investors and hedge funds.

NASDAQ AMZN opened at $1,844.87 on Tuesday. Amazon.com, Inc. has a one year low of $1,307.00 and a one year high of $2,050.50. The company has a quick ratio of 0.85, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $906.88 billion, a PE ratio of 91.56, a price-to-earnings-growth ratio of 2.22 and a beta of 1.63.

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

Several equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, January 21st. Oppenheimer lifted their price target on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. CIBC lifted their price target on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. BidaskClub raised shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, Evercore ISI began coverage on shares of Amazon.com in a research note on Wednesday, March 20th. They set an “outperform” rating and a $1,965.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $2,139.02.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $1,811.14, for a total transaction 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 approximately $18,111,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffrey M. Blackburn sold 2,055 shares of the business’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $1,616.34, for a total transaction of $3,321,578.70. Following the transaction, the senior vice president now directly owns 46,596 shares of the company’s stock, valued at $75,314,978.64. The disclosure for this sale can be found here. Insiders sold a total of 7,075 shares of company stock valued at $11,802,708 over the last ninety days. Company insiders own 16.30% of the company’s stock.

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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.

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

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