First Western Trust Bank Trims Stake in Amazon.com, Inc. (NASDAQ:AMZN)

First Western Trust Bank reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,331 shares of the e-commerce giant’s stock after selling 105 shares during the quarter. First Western Trust Bank’s holdings in Amazon.com were worth $1,030,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Collective Family Office LLC grew its stake in shares of Amazon.com by 9.7% during the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after acquiring an additional 819 shares during the period. Phillips Wealth Planners LLC lifted its holdings in Amazon.com by 9.2% during the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after purchasing an additional 224 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of Amazon.com in the fourth quarter worth approximately $5,926,000. Concord Investment Counsel Inc. purchased a new stake in shares of Amazon.com in the first quarter worth $20,790,000. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Amazon.com by 26.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant’s stock valued at $116,222,000 after purchasing an additional 133,471 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP David Zapolsky sold 2,190 shares of the firm’s 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 transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,549,744 shares of company stock valued at $309,400,324. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wolfe Research started coverage on Amazon.com in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and set a $210.00 target price on shares of Amazon.com in a research report on Thursday, September 12th. Stifel Nicolaus lowered their price target on Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Jefferies Financial Group cut their price objective on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, The Goldman Sachs Group lowered their target price on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $223.65.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $186.51 on Friday. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The company has a market capitalization of $1.94 trillion, a PE ratio of 52.24, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The stock’s fifty day moving average is $179.17 and its two-hundred day moving average is $182.90. 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 (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. As a group, analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

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.