Equitable Trust Co. Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Equitable Trust Co. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 120,903 shares of the e-commerce giant’s stock after buying an additional 3,329 shares during the period. Amazon.com makes up about 1.4% of Equitable Trust Co.’s investment portfolio, making the stock its 20th largest position. Equitable Trust Co.’s holdings in Amazon.com were worth $18,370,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AMZN. Capital City Trust Co. FL raised its holdings in Amazon.com by 1.5% in the third quarter. Capital City Trust Co. FL now owns 53,923 shares of the e-commerce giant’s stock valued at $6,855,000 after buying an additional 771 shares during the period. Essex Savings Bank raised its stake in shares of Amazon.com by 2.8% during the third quarter. Essex Savings Bank now owns 26,332 shares of the e-commerce giant’s stock valued at $3,347,000 after purchasing an additional 706 shares during the period. Geometric Wealth Advisors raised its stake in shares of Amazon.com by 2.4% during the third quarter. Geometric Wealth Advisors now owns 6,695 shares of the e-commerce giant’s stock valued at $851,000 after purchasing an additional 155 shares during the period. BCS Wealth Management purchased a new stake in shares of Amazon.com during the third quarter valued at approximately $1,335,000. Finally, Northwest Investment Counselors LLC raised its stake in shares of Amazon.com by 0.6% during the third quarter. Northwest Investment Counselors LLC now owns 23,131 shares of the e-commerce giant’s stock valued at $2,940,000 after purchasing an additional 146 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $176.59 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average price is $177.71 and its two-hundred day moving average price is $158.12. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77. The stock has a market cap of $1.83 trillion, a PE ratio of 60.89, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the previous year, the business earned $0.21 earnings per share. Amazon.com’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 4.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wedbush lifted their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday. Sanford C. Bernstein lifted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Truist Financial lifted their price objective on shares of Amazon.com from $195.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. UBS Group lifted their price objective on shares of Amazon.com from $180.00 to $198.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Roth Mkm reissued a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Buy” and an average target price of $204.76.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total value of $335,115,802.32. Following the sale, the insider now owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. 10.80% of the stock is owned by corporate insiders.

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.