Ledyard National Bank Sells 1,601 Shares of Amazon.com, Inc. $AMZN

Ledyard National Bank decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 90,155 shares of the e-commerce giant’s stock after selling 1,601 shares during the period. Amazon.com comprises 1.9% of Ledyard National Bank’s holdings, making the stock its 11th largest position. Ledyard National Bank’s holdings in Amazon.com were worth $19,779,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of AMZN. Vanguard Group Inc. increased its stake in Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after purchasing an additional 8,913,959 shares in the last quarter. Kingstone Capital Partners Texas LLC boosted its position in shares of Amazon.com by 542,733.6% during the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after purchasing an additional 132,616,953 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Amazon.com by 0.3% in the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock valued at $18,527,354,000 after buying an additional 302,858 shares during the period. Nuveen LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at $11,674,091,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Amazon.com by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant’s stock worth $11,461,952,000 after buying an additional 605,415 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 2.5%

AMZN stock opened at $226.28 on Tuesday. The company has a market cap of $2.42 trillion, a price-to-earnings ratio of 34.49, a P/E/G ratio of 1.52 and a beta of 1.29. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60. The business has a 50 day moving average price of $227.66 and a two-hundred day moving average price of $222.45. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating the consensus estimate of $1.57 by $0.38. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. During the same quarter in the prior year, the firm posted $1.43 EPS. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. Amazon.com has set its Q4 2025 guidance at EPS. Analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $226.61, for a total transaction of $280,316.57. Following the transaction, the director directly owned 26,148 shares in the company, valued at $5,925,398.28. The trade was a 4.52% 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 Keith Brian Alexander sold 900 shares of Amazon.com stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $233.00, for a total value of $209,700.00. Following the transaction, the director owned 7,170 shares of the company’s stock, valued at $1,670,610. The trade was a 11.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 44,594 shares of company stock worth $10,887,531. Insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. BNP Paribas Exane began coverage on Amazon.com in a research note on Monday. They issued an “outperform” rating for the company. Stifel Nicolaus boosted their price objective on Amazon.com from $269.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, October 31st. The Goldman Sachs Group raised their target price on shares of Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Wedbush reaffirmed an “outperform” rating and issued a $340.00 price target on shares of Amazon.com in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Amazon.com in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifty-seven have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $294.70.

Amazon.com 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.