Amalgamated Bank Has $391.55 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Amalgamated Bank lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,057,992 shares of the e-commerce giant's stock after buying an additional 49,479 shares during the quarter. Amazon.com comprises 3.4% of Amalgamated Bank's investment portfolio, making the stock its 4th biggest position. Amalgamated Bank's holdings in Amazon.com were worth $391,554,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMZN. Western Wealth Management LLC raised its position in shares of Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after buying an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. purchased a new stake in shares of Amazon.com during the 4th quarter valued at $749,000. Segall Bryant & Hamill LLC raised its position in shares of Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after buying an additional 39,696 shares in the last quarter. Bearing Point Capital LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at $12,014,000. Finally, Evergreen Capital Management LLC raised its position in shares of Amazon.com by 0.5% during the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after buying an additional 1,198 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. JMP Securities raised their price objective on shares of Amazon.com from $250.00 to $285.00 and gave the company a "market outperform" rating in a research report on Thursday, July 10th. The Goldman Sachs Group decreased their target price on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Needham & Company LLC lifted their target price on shares of Amazon.com from $220.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday. Stifel Nicolaus decreased their target price on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, Royal Bank Of Canada decreased their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $254.33.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $0.79 during midday trading on Friday, reaching $231.44. The stock had a trading volume of 28,649,591 shares, compared to its average volume of 40,402,120. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a 50-day moving average of $215.66 and a 200-day moving average of $208.91. The company has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 37.69, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter last year, the business earned $0.98 earnings per share. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 25,102,037 shares of company stock valued at $5,674,871,223. 9.70% of the stock is currently owned by company insiders.

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.