Amazon.com, Inc. (NASDAQ:AMZN) is First Community Trust NA’s 9th Largest Position

First Community Trust NA grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,253 shares of the e-commerce giant’s stock after purchasing an additional 651 shares during the period. Amazon.com makes up about 2.0% of First Community Trust NA’s holdings, making the stock its 9th largest position. First Community Trust NA’s holdings in Amazon.com were worth $2,368,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in AMZN. Cooksen Wealth LLC acquired a new position in Amazon.com during the fourth quarter worth about $30,000. Strid Group LLC acquired a new stake in shares of Amazon.com in the 4th quarter worth approximately $43,000. Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com in the 4th quarter worth approximately $46,000. Steph & Co. acquired a new position in Amazon.com during the first quarter worth $65,000. Finally, Advantage Trust Co purchased a new stake in Amazon.com during the fourth quarter worth $68,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on AMZN shares. Tigress Financial upped their target price on Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Royal Bank of Canada restated an “outperform” rating and set a $215.00 target price on shares of Amazon.com in a report on Friday, August 2nd. Wedbush reaffirmed an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Stifel Nicolaus dropped their price objective on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Bank of America reduced their target price on Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $221.36.

Amazon.com Stock Down 1.4 %

Shares of Amazon.com stock opened at $173.12 on Wednesday. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The company has a market capitalization of $1.80 trillion, a PE ratio of 48.49, a P/E/G ratio of 1.32 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The business has a 50-day moving average of $183.61 and a 200-day moving average of $181.09.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 22.35% and a net margin of 7.35%. The firm had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. As a group, equities analysts forecast that Amazon.com, Inc. will post 4.73 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,107,817 shares of company stock worth $1,221,241,837. Insiders own 10.80% of the company’s stock.

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.