Ledyard National Bank Has $17.46 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Ledyard National Bank lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,756 shares of the e-commerce giant's stock after selling 2,854 shares during the quarter. Amazon.com makes up 1.7% of Ledyard National Bank's investment portfolio, making the stock its 14th largest holding. Ledyard National Bank's holdings in Amazon.com were worth $17,457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of AMZN. Norges Bank purchased a new position in Amazon.com during the 4th quarter valued at about $27,266,582,000. GAMMA Investing LLC grew its stake in Amazon.com by 21,420.5% during the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after acquiring an additional 30,104,520 shares in the last quarter. Capital World Investors grew its stake in Amazon.com by 36.8% during the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after acquiring an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. grew its stake in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its stake in Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after acquiring an additional 12,018,120 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN traded down $3.16 on Wednesday, reaching $223.19. 39,437,374 shares of the stock traded hands, compared to its average volume of 42,076,176. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.35, a P/E/G ratio of 1.69 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock's 50-day moving average price is $211.52 and its 200-day moving average price is $208.50.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The business's revenue was up 8.6% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research analyst reports. Raymond James Financial reaffirmed an "outperform" rating and set a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Barclays lowered their target price on Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and set a $220.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Citizens Jmp started coverage on Amazon.com in a report on Thursday, July 10th. They set a "strong-buy" rating for the company. Three investment 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 company's stock. According to MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $250.35.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,442,187 shares of the company's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $225.89, for a total value of $551,665,621.43. Following the sale, the insider directly owned 895,279,901 shares in the company, valued at $202,234,776,836.89. This represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the transaction, the chief executive officer directly owned 514,550 shares in the company, valued at approximately $113,231,873. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,602,037 shares of company stock worth $3,044,172,641 over the last quarter. Company insiders own 10.80% of the company's stock.

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.