Fiduciary Trust Co Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Fiduciary Trust Co cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 636,188 shares of the e-commerce giant’s stock after selling 3,817 shares during the quarter. Amazon.com accounts for about 1.6% of Fiduciary Trust Co’s investment portfolio, making the stock its 12th largest holding. Fiduciary Trust Co’s holdings in Amazon.com were worth $96,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of AMZN. E Fund Management Hong Kong Co. Ltd. raised its position in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the last quarter. Strid Group LLC bought a new position in Amazon.com during the 4th quarter valued at approximately $43,000. Harbor Investment Advisory LLC raised its position in Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new position in Amazon.com during the 3rd quarter valued at approximately $49,000. Finally, Bruce G. Allen Investments LLC bought a new position in Amazon.com during the 4th quarter valued at approximately $57,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $190.00, for a total value of $1,000,160.00. Following the sale, the director now directly owns 104,400 shares of the company’s stock, valued at $19,836,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The disclosure for this sale can be found here. Insiders have sold a total of 65,838 shares of company stock valued at $11,984,344 over the last ninety days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Price Performance

NASDAQ AMZN opened at $184.30 on Monday. The company has a market capitalization of $1.92 trillion, a PE ratio of 51.62, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The business’s fifty day moving average is $182.53 and its 200 day moving average is $168.99. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $191.70.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. Sell-side analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AMZN shares. Morgan Stanley increased their target price on Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Moffett Nathanson reissued a “buy” rating and issued a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. Loop Capital increased their target price on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, Oppenheimer increased their target price on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus price target of $213.82.

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.