New Covenant Trust Company N.A. Has $2.24 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

New Covenant Trust Company N.A. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.2% during the 3rd quarter, Holdings Channel reports. The firm owned 11,919 shares of the e-commerce giant’s stock after purchasing an additional 1,478 shares during the quarter. Amazon.com comprises 2.2% of New Covenant Trust Company N.A.’s holdings, making the stock its 12th largest position. New Covenant Trust Company N.A.’s holdings in Amazon.com were worth $2,240,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AMZN. Royal Harbor Partners LLC increased its position in Amazon.com by 1.0% in the 3rd quarter. Royal Harbor Partners LLC now owns 17,372 shares of the e-commerce giant’s stock valued at $3,237,000 after buying an additional 179 shares in the last quarter. Conning Inc. raised its position in shares of Amazon.com by 1.4% during the third quarter. Conning Inc. now owns 59,981 shares of the e-commerce giant’s stock worth $11,176,000 after purchasing an additional 845 shares during the period. Optas LLC lifted its holdings in shares of Amazon.com by 6.5% in the 3rd quarter. Optas LLC now owns 37,365 shares of the e-commerce giant’s stock worth $6,962,000 after purchasing an additional 2,266 shares in the last quarter. Clear Creek Financial Management LLC grew its position in Amazon.com by 3.2% in the 3rd quarter. Clear Creek Financial Management LLC now owns 44,399 shares of the e-commerce giant’s stock valued at $8,273,000 after purchasing an additional 1,384 shares during the period. Finally, Princeton Global Asset Management LLC increased its stake in Amazon.com by 12.5% during the 3rd quarter. Princeton Global Asset Management LLC now owns 21,640 shares of the e-commerce giant’s stock valued at $4,032,000 after purchasing an additional 2,397 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In related news, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,030,183 shares of company stock valued at $1,252,883,795 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $226.09 on Tuesday. Amazon.com, Inc. has a 12 month low of $143.64 and a 12 month high of $230.08. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.38 trillion, a P/E ratio of 48.41, a P/E/G ratio of 1.52 and a beta of 1.16. The company has a 50 day moving average of $198.19 and a 200 day moving average of $188.47.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AMZN shares. Wedbush lifted their price objective on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Monness Crespi & Hardt lifted their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Piper Sandler increased their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. The Goldman Sachs Group lifted their target price on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Pivotal Research assumed coverage on Amazon.com in a research report on Friday, October 11th. They issued a “buy” rating and a $260.00 price target for the company. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $236.98.

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.