Amazon.com, Inc. (NASDAQ:AMZN) Holdings Cut by Hancock Whitney Corp

Hancock Whitney Corp lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 433,117 shares of the e-commerce giant’s stock after selling 3,801 shares during the quarter. Amazon.com makes up about 2.8% of Hancock Whitney Corp’s investment portfolio, making the stock its 5th largest holding. Hancock Whitney Corp’s holdings in Amazon.com were worth $83,700,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Buckingham Capital Management Inc. raised its holdings in Amazon.com by 2.4% in the 1st quarter. Buckingham Capital Management Inc. now owns 107,144 shares of the e-commerce giant’s stock worth $19,327,000 after purchasing an additional 2,521 shares in the last quarter. Triangle Securities Wealth Management boosted its stake in shares of Amazon.com by 1.9% during the 1st quarter. Triangle Securities Wealth Management now owns 18,173 shares of the e-commerce giant’s stock valued at $3,278,000 after purchasing an additional 346 shares in the last quarter. CVA Family Office LLC increased its position in shares of Amazon.com by 0.8% during the first quarter. CVA Family Office LLC now owns 20,572 shares of the e-commerce giant’s stock valued at $3,711,000 after buying an additional 164 shares during the period. Johnson & White Wealth Management LLC raised its stake in Amazon.com by 11.0% in the first quarter. Johnson & White Wealth Management LLC now owns 7,337 shares of the e-commerce giant’s stock worth $1,323,000 after buying an additional 728 shares in the last quarter. Finally, Daymark Wealth Partners LLC lifted its holdings in Amazon.com by 1.1% in the first quarter. Daymark Wealth Partners LLC now owns 249,299 shares of the e-commerce giant’s stock worth $44,969,000 after buying an additional 2,694 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction 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 sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,355 shares of company stock worth $9,877,423. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on AMZN. Barclays upped their target price on Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. TD Cowen boosted their target price on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Telsey Advisory Group reiterated an “outperform” rating and issued a $215.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Evercore ISI reissued an “outperform” rating and set a $240.00 price objective on shares of Amazon.com in a research note on Friday, October 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $215.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $236.78.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $189.07 on Tuesday. The company has a market capitalization of $1.97 trillion, a P/E ratio of 52.96, a P/E/G ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The firm’s 50 day simple moving average is $182.43 and its two-hundred day simple moving average is $183.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN) last released its 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 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 analysts’ expectations of $148.63 billion. Research analysts expect that Amazon.com, Inc. will post 4.85 EPS 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.