Equitable Trust Co. Has $30.64 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Equitable Trust Co. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 15.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 139,646 shares of the e-commerce giant’s stock after purchasing an additional 18,380 shares during the period. Amazon.com makes up approximately 1.7% of Equitable Trust Co.’s investment portfolio, making the stock its 10th biggest holding. Equitable Trust Co.’s holdings in Amazon.com were worth $30,637,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AMZN. AMF Tjanstepension AB increased its holdings in Amazon.com by 44.3% during the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock valued at $492,172,000 after buying an additional 811,425 shares during the period. Nvest Financial LLC increased its holdings in Amazon.com by 1.8% during the third quarter. Nvest Financial LLC now owns 23,789 shares of the e-commerce giant’s stock valued at $4,433,000 after buying an additional 422 shares during the period. Pacific Sun Financial Corp increased its holdings in Amazon.com by 0.7% during the third quarter. Pacific Sun Financial Corp now owns 8,737 shares of the e-commerce giant’s stock valued at $1,628,000 after buying an additional 60 shares during the period. Ferguson Shapiro LLC increased its holdings in Amazon.com by 2.8% during the third quarter. Ferguson Shapiro LLC now owns 6,295 shares of the e-commerce giant’s stock valued at $1,173,000 after buying an additional 173 shares during the period. Finally, Freestate Advisors LLC purchased a new position in Amazon.com during the third quarter valued at approximately $252,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 7th. BMO Capital Markets reissued an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a report on Tuesday, December 3rd. Benchmark raised their target price on shares of Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Loop Capital raised their target price on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, Piper Sandler restated an “overweight” rating and issued a $265.00 target price (up from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $260.65.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,649 shares of company stock valued at $23,871,905 over the last 90 days. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.7 %

AMZN stock opened at $199.25 on Friday. The company has a market cap of $2.11 trillion, a P/E ratio of 36.03, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company’s 50-day moving average price is $224.11 and its 200 day moving average price is $206.80. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.