First Financial Bank Trust Division Trims Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

First Financial Bank Trust Division reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 783 shares of the e-commerce giant’s stock after selling 7 shares during the quarter. First Financial Bank Trust Division’s holdings in Amazon.com were worth $1,360,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Enterprise Trust & Investment Co purchased a new position in Amazon.com during the second quarter worth about $27,000. Phocas Financial Corp. purchased a new position in Amazon.com during the second quarter worth about $45,000. Litman Gregory Asset Management LLC purchased a new position in Amazon.com during the second quarter worth about $53,000. Clear Investment Research LLC lifted its position 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 worth $70,000 after buying an additional 8 shares during the period. Finally, Contravisory Investment Management Inc. lifted its position 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 worth $78,000 after buying an additional 7 shares during the period. Institutional investors and hedge funds own 55.71% of the company’s stock.

NASDAQ:AMZN traded up $15.23 on Friday, hitting $1,739.65. 1,362,083 shares of the stock were exchanged, compared to its average volume of 4,155,374. The stock has a market cap of $860.54 billion, a PE ratio of 86.38, a PEG ratio of 2.21 and a beta of 1.54. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average of $1,784.52 and a 200-day moving average of $1,848.37. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,035.80.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.29 by ($0.07). Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The company had revenue of $63.40 billion during the quarter, compared to analyst estimates of $62.59 billion. During the same quarter last year, the business posted $5.07 EPS. Amazon.com’s quarterly revenue was up 19.9% compared to the same quarter last year. As a group, analysts predict that Amazon.com, Inc. will post 24.01 earnings per share for the current year.

In other news, VP Shelley Reynolds sold 379 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,775.43, for a total value of $672,887.97. Following the completion of the sale, the vice president now owns 6,307 shares in the company, valued at $11,197,637.01. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $1,847.51, for a total value of $5,173,028.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $18,475,100. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,514 shares of company stock valued at $56,347,835. Insiders own 16.10% of the company’s stock.

AMZN has been the topic of several recent analyst reports. Barclays upgraded Amazon.com from an “outperform” rating to a “buy” rating in a research report on Monday, July 29th. Zacks Investment Research upgraded Amazon.com from a “strong sell” rating to a “hold” rating and set a $1,480.00 target price on the stock in a research report on Wednesday, September 25th. Mizuho reiterated a “buy” rating and set a $2,200.00 target price (up from $2,080.00) on shares of Amazon.com in a research report on Friday, July 26th. Stifel Nicolaus reiterated a “buy” rating and set a $2,300.00 target price on shares of Amazon.com in a research report on Friday, July 26th. Finally, Pivotal Research reiterated a “buy” rating and set a $2,615.00 target price (down from $2,750.00) on shares of Amazon.com in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and forty have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $2,256.29.

Amazon.com 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.

Further Reading: Blue-Chip Stocks

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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