Country Trust Bank Decreases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Country Trust Bank lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 0.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 584,513 shares of the e-commerce giant’s stock after selling 1,152 shares during the quarter. Amazon.com comprises about 2.1% of Country Trust Bank’s investment portfolio, making the stock its 9th largest position. Country Trust Bank’s holdings in Amazon.com were worth $66,050,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AMZN. Savior LLC lifted its stake in shares of Amazon.com by 1,085.0% during the second quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 217 shares during the period. Rocky Mountain Advisers LLC lifted its stake in Amazon.com by 1,311.8% in the second quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 223 shares during the period. Iron Horse Wealth Management LLC lifted its stake in Amazon.com by 4,540.0% in the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 227 shares during the period. Wells Financial Advisors INC lifted its stake in Amazon.com by 1,900.0% in the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after buying an additional 266 shares during the period. Finally, Maryland Capital Advisors Inc. lifted its stake in Amazon.com by 1,900.0% in the second quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 285 shares during the period. Institutional investors and hedge funds own 57.64% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Cowen increased their target price on Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, December 1st. Royal Bank of Canada decreased their price objective on Amazon.com from $175.00 to $135.00 and set an “outperform” rating for the company in a report on Friday, October 28th. JMP Securities decreased their price objective on Amazon.com from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, October 28th. MKM Partners decreased their price objective on Amazon.com to $145.00 in a report on Tuesday, November 1st. Finally, Morgan Stanley decreased their price objective on Amazon.com from $175.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have issued a buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $147.12.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $86.08 on Friday. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $170.83. The business has a fifty day moving average price of $90.51 and a two-hundred day moving average price of $111.38. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. The stock has a market capitalization of $878.16 billion, a PE ratio of 79.01, a P/E/G ratio of 2.64 and a beta of 1.22.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. During the same quarter in the previous year, the business posted $0.31 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, equities analysts predict that Amazon.com, Inc. will post 0.69 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction on Monday, October 17th. The stock was sold at an average price of $112.20, for a total value of $58,344.00. Following the transaction, the chief executive officer now owns 113,640 shares in the company, valued at approximately $12,750,408. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $112.20, for a total transaction of $58,344.00. Following the sale, the chief executive officer now owns 113,640 shares in the company, valued at approximately $12,750,408. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 15,240 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $1,432,560.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $4,606,000. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,948 shares of company stock worth $5,135,922. Insiders own 12.70% of the company’s stock.

Amazon.com Profile

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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further Reading

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

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