Sentinel Trust Co. LBA trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 232 shares of the e-commerce giant’s stock after selling 8 shares during the quarter. Amazon.com makes up approximately 0.1% of Sentinel Trust Co. LBA’s investment portfolio, making the stock its 23rd biggest holding. Sentinel Trust Co. LBA’s holdings in Amazon.com were worth $439,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Enterprise Trust & Investment Co acquired a new stake in Amazon.com during the second quarter valued at approximately $27,000. Litman Gregory Asset Management LLC acquired a new stake in Amazon.com during the second quarter valued at approximately $53,000. Clear Investment Research LLC boosted its holdings in Amazon.com by 27.6% during the second quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock valued at $70,000 after purchasing an additional 8 shares in the last quarter. Contravisory Investment Management Inc. boosted its holdings in Amazon.com by 20.6% during the second quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock valued at $78,000 after purchasing an additional 7 shares in the last quarter. Finally, Mcmillion Capital Management Inc. acquired a new stake in Amazon.com during the second quarter valued at approximately $104,000. Hedge funds and other institutional investors own 55.71% of the company’s stock.
A number of research firms have weighed in on AMZN. KeyCorp reaffirmed an “overweight” rating and set a $2,200.00 price objective (up from $2,100.00) on shares of Amazon.com in a report on Monday, July 22nd. BidaskClub downgraded Amazon.com from a “sell” rating to a “strong sell” rating in a report on Thursday, September 19th. Mizuho reaffirmed a “buy” rating and set a $2,200.00 price objective (up from $2,080.00) on shares of Amazon.com in a report on Friday, July 26th. Morgan Stanley reaffirmed an “overweight” rating and set a $2,200.00 price objective (down from $2,300.00) on shares of Amazon.com in a report on Monday. Finally, Benchmark reaffirmed a “buy” rating and set a $2,300.00 price objective on shares of Amazon.com in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and forty-one have issued a buy rating to the company’s stock. Amazon.com presently has a consensus rating of “Buy” and an average target price of $2,257.41.
AMZN stock traded down $43.69 during trading on Tuesday, hitting $1,741.61. The company had a trading volume of 4,316,865 shares, compared to its average volume of 4,192,324. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $1,799.06 and a 200-day moving average price of $1,844.63. Amazon.com, Inc. has a 12 month low of $1,307.00 and a 12 month high of $2,035.80. The stock has a market cap of $861.50 billion, a price-to-earnings ratio of 86.48, a PEG ratio of 2.28 and a beta of 1.57.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the consensus estimate of $5.29 by ($0.07). Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The company had revenue of $63.40 billion during the quarter, compared to the consensus estimate of $62.59 billion. During the same quarter last year, the firm earned $5.07 EPS. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. Equities analysts expect that Amazon.com, Inc. will post 24.01 EPS for the current year.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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