Amazon.com, Inc. (NASDAQ:AMZN) Holdings Increased by Equitable Trust Co.

Equitable Trust Co. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 124,481 shares of the e-commerce giant’s stock after buying an additional 92 shares during the quarter. Amazon.com accounts for 1.7% of Equitable Trust Co.’s investment portfolio, making the stock its 10th largest holding. Equitable Trust Co.’s holdings in Amazon.com were worth $24,056,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. PayPay Securities Corp increased its stake in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares during the period. Cooksen Wealth LLC bought a new stake in Amazon.com during the 4th quarter valued at $30,000. Christopher J. Hasenberg Inc raised its holdings in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares in the last quarter. Clarity Asset Management Inc. bought a new position in shares of Amazon.com during the 4th quarter worth approximately $46,000. Finally, Steph & Co. purchased a new stake in shares of Amazon.com during the 1st quarter valued at $65,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $200.08, for a total value of $292,804,474.96. Following the completion of the sale, the insider now owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 1,463,437 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $200.08, for a total value of $292,804,474.96. Following the sale, the insider now owns 935,211,842 shares in the company, valued at approximately $187,117,185,347.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,098,297 shares of company stock valued at $1,219,443,957. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $187.97 on Monday. The firm’s 50 day moving average is $178.92 and its two-hundred day moving average is $182.68. The firm has a market capitalization of $1.96 trillion, a P/E ratio of 52.65, a PEG ratio of 1.46 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 0.88 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.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMZN. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a research note on Monday, September 23rd. Stifel Nicolaus cut their price target on Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Jefferies Financial Group decreased their price target on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Wolfe Research assumed coverage on shares of Amazon.com in a report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 target price for the company. Finally, The Goldman Sachs Group cut their price target on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One equities research analyst has 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’s stock. According to MarketBeat, Amazon.com has a consensus rating of “Buy” and an average price target of $222.84.

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.