Eastern Bank Acquires 5,422 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Eastern Bank increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 342,404 shares of the e-commerce giant's stock after acquiring an additional 5,422 shares during the period. Amazon.com makes up about 2.4% of Eastern Bank's holdings, making the stock its 6th biggest position. Eastern Bank's holdings in Amazon.com were worth $52,025,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PayPay Securities Corp increased its holdings in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant's stock worth $34,000 after buying an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant's stock worth $42,000 after buying an additional 86 shares during the last quarter. Bruce G. Allen Investments LLC bought a new position in shares of Amazon.com in the 4th quarter worth $57,000. Authentikos Wealth Advisory LLC bought a new position in shares of Amazon.com in the 3rd quarter worth $49,000. Finally, AM Squared Ltd bought a new position in shares of Amazon.com in the 3rd quarter worth $76,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 3.4 %

NASDAQ:AMZN traded up $5.95 on Friday, reaching $179.62. 43,846,973 shares of the stock traded hands, compared to its average volume of 42,834,742. The company's fifty day simple moving average is $177.99 and its 200 day simple moving average is $158.59. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 61.94, a PEG ratio of 1.53 and a beta of 1.16. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 EPS. Equities analysts predict that Amazon.com, Inc. will post 4.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AMZN shares. Canaccord Genuity Group upped their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, February 2nd. Wedbush upped their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday. Piper Sandler upped their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the company an "overweight" rating in a research note on Friday, February 2nd. Citigroup upped their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Needham & Company LLC reissued a "buy" rating and set a $205.00 price target on shares of Amazon.com in a research report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of "Buy" and a consensus target price of $205.13.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the firm's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company's stock, valued at approximately $18,150,723.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the firm's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares of the company's stock, valued at $18,150,723.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 3,100 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 in the last 90 days. 10.30% of the stock is currently owned by insiders.

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.