Trust Investment Advisors Purchases New Position in Amazon.com, Inc. (NASDAQ:AMZN)

Trust Investment Advisors bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,400 shares of the e-commerce giant’s stock, valued at approximately $213,000.

Other large investors have also modified their holdings of the company. Members Trust Co boosted its position in Amazon.com by 8.9% in the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after buying an additional 341 shares during the last quarter. Cherrydale Wealth Management LLC grew its stake in Amazon.com by 14.7% during the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after purchasing an additional 675 shares in the last quarter. Tompkins Financial Corp increased its holdings in Amazon.com by 3.3% during the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after purchasing an additional 2,273 shares during the last quarter. Nicholas Company Inc. boosted its stake in shares of Amazon.com by 3.9% during the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after buying an additional 26,465 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in shares of Amazon.com by 5.4% during the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after buying an additional 277,631 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the transaction, the director now owns 4,760 shares in the company, valued at $886,407.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $186.22, for a total transaction of $186,220.00. Following the completion of the sale, the director now directly owns 4,760 shares of the company’s stock, valued at $886,407.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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. Insiders sold a total of 26,198,961 shares of company stock valued at $4,482,430,577 over the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.4 %

AMZN opened at $188.00 on Thursday. The stock’s fifty day moving average is $179.60 and its 200-day moving average is $161.63. Amazon.com, Inc. has a one year low of $105.16 and a one year high of $189.94. The company has a market capitalization of $1.96 trillion, a PE ratio of 52.66, a P/E/G ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the previous year, the business earned $0.31 earnings per share. Amazon.com’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $210.00 price target (up from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. Piper Sandler upped their target price on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Morgan Stanley lifted their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. TD Cowen increased their target price on Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Bank of America boosted their price target on Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $211.62.

Amazon.com Company Profile

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.