Amazon.com, Inc. (NASDAQ:AMZN) Stake Lifted by Fiduciary Trust Co.

Fiduciary Trust Co. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 0.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 621,801 shares of the e-commerce giant’s stock after acquiring an additional 4,981 shares during the period. Amazon.com comprises about 1.5% of Fiduciary Trust Co.’s holdings, making the stock its 10th largest holding. Fiduciary Trust Co.’s holdings in Amazon.com were worth $70,264,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Kavar Capital Partners Group LLC boosted its position in shares of Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares in the last quarter. IFM Investors Pty Ltd boosted its position in shares of Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. boosted its position in shares of Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares in the last quarter. Markel Corp boosted its position in shares of Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC lifted its position in Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after acquiring an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on AMZN. JPMorgan Chase & Co. upped their price objective on Amazon.com from $130.00 to $142.00 and gave the company an “overweight” rating in a research report on Friday, February 3rd. Needham & Company LLC reissued a “buy” rating and set a $120.00 price target on shares of Amazon.com in a report on Friday, February 3rd. Erste Group Bank cut Amazon.com from a “buy” rating to a “hold” rating in a report on Friday, November 18th. Wedbush lowered their price target on Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, February 3rd. Finally, Robert W. Baird increased their price target on Amazon.com from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have issued a buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.87.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 23,874 shares of Amazon.com stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the completion of the sale, the chief executive officer now directly owns 1,964,506 shares in the company, valued at $194,780,769.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the transaction, the chief executive officer now directly owns 124,180 shares in the company, valued at $13,837,377.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 23,874 shares of the business’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the transaction, the chief executive officer now owns 1,964,506 shares of the company’s stock, valued at $194,780,769.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,394 shares of company stock worth $6,994,626. Company insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $93.92 on Thursday. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83. The firm’s fifty day simple moving average is $95.55 and its two-hundred day simple moving average is $103.36. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $962.42 billion, a P/E ratio of -350.43, a P/E/G ratio of 3.87 and a beta of 1.25.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS 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 company had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts forecast that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.

Amazon.com Company 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.