Amazon.com, Inc. (NASDAQ:AMZN) is Nixon Peabody Trust Co.’s 4th Largest Position

Nixon Peabody Trust Co. decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 68.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 23,994 shares of the e-commerce giant’s stock after selling 52,528 shares during the quarter. Amazon.com makes up 1.2% of Nixon Peabody Trust Co.’s investment portfolio, making the stock its 4th largest position. Nixon Peabody Trust Co.’s holdings in Amazon.com were worth $2,711,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. State Street Corp raised its holdings in shares of Amazon.com by 1,869.1% during the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after buying an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after buying an additional 295,880,050 shares during the last quarter. FMR LLC grew its position in shares of Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after buying an additional 270,931,640 shares during the last quarter. Northern Trust Corp grew its position in shares of Amazon.com by 1,867.0% in the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after buying an additional 90,167,792 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Amazon.com by 1,944.4% during the second quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock valued at $6,370,223,000 after purchasing an additional 57,043,701 shares in the last quarter. Institutional investors own 57.64% of the company’s stock.

Amazon.com Trading Up 0.3 %

Shares of AMZN opened at $93.76 on Tuesday. The company has a 50 day simple moving average of $94.28 and a two-hundred day simple moving average of $105.50. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $170.83. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. The firm has a market cap of $960.78 billion, a P/E ratio of -349.84, a price-to-earnings-growth ratio of 3.85 and a beta of 1.22.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The business had revenue of $149.20 billion for the quarter, compared to the consensus estimate of $145.72 billion. During the same quarter last year, the business posted $1.39 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts expect that Amazon.com, Inc. will post 1.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMZN. Cowen boosted their price target on Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, December 1st. Morgan Stanley increased their price target on Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Oppenheimer increased their price objective on Amazon.com from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Moffett Nathanson started coverage on Amazon.com in a research report on Tuesday, November 15th. They issued an “outperform” rating and a $118.00 price objective for the company. Finally, Robert W. Baird lifted their price objective on Amazon.com from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $144.87.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 5,100 shares of the stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the transaction, the chief executive officer now owns 124,180 shares in the company, valued at approximately $13,837,377.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Douglas J. Herrington sold 7,456 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.90, for a total transaction of $707,574.40. Following the completion of the sale, the chief executive officer now directly owns 564,298 shares of the company’s stock, valued at approximately $53,551,880.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 5,100 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the sale, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,394 shares of company stock valued at $6,619,426. 12.70% of the stock is owned by company insiders.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.