Trust Co. of Virginia VA Has $17.26 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Trust Co. of Virginia VA lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,331 shares of the e-commerce giant’s stock after acquiring an additional 889 shares during the period. Amazon.com makes up 1.6% of Trust Co. of Virginia VA’s holdings, making the stock its 15th biggest holding. Trust Co. of Virginia VA’s holdings in Amazon.com were worth $17,263,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares in the last quarter. Norges Bank bought a new stake in shares of Amazon.com during the fourth quarter worth about $17,700,551,000. Capital Research Global Investors increased its position in shares of Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after acquiring an additional 6,810,145 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Amazon.com by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock worth $13,091,909,000 after acquiring an additional 289,532 shares in the last quarter. Finally, Jennison Associates LLC grew its position in Amazon.com by 0.5% in the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock worth $10,221,446,000 after purchasing an additional 295,132 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

AMZN stock opened at $186.43 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The stock’s 50 day moving average is $178.71 and its two-hundred day moving average is $181.83. The company has a market capitalization of $1.94 trillion, a PE ratio of 52.22, a P/E/G ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results 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 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction 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 completion of the transaction, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The disclosure for this sale can be found here. Insiders sold 6,104,317 shares of company stock worth $1,220,621,322 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMZN. BMO Capital Markets upped their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Stifel Nicolaus reduced 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 report on Friday, August 2nd. Jefferies Financial Group reduced their price objective on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. UBS Group upped their price objective on shares of Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Finally, Wedbush reiterated an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $222.49.

About Amazon.com

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.