Fiduciary Trust Co. Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Fiduciary Trust Co. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 637,527 shares of the e-commerce giant’s stock after buying an additional 37,427 shares during the quarter. Amazon.com makes up about 1.5% of Fiduciary Trust Co.’s holdings, making the stock its 12th biggest holding. Fiduciary Trust Co.’s holdings in Amazon.com were worth $83,108,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Laurel Wealth Planning LLC grew its position in Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares during the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in Amazon.com during the 4th quarter valued at about $37,000. Swaine & Leidel Wealth Services LLC purchased a new stake in Amazon.com during the 1st quarter valued at about $38,000. Atlantic Private Wealth LLC purchased a new stake in Amazon.com during the 1st quarter valued at about $43,000. Finally, Goodwin Investment Advisory grew its position in Amazon.com by 1,225.8% during the 2nd quarter. Goodwin Investment Advisory now owns 411 shares of the e-commerce giant’s stock valued at $44,000 after purchasing an additional 380 shares during the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wells Fargo & Company reissued an “overweight” rating and set a $165.00 price objective on shares of Amazon.com in a research report on Tuesday, October 10th. The Goldman Sachs Group lowered their target price on shares of Amazon.com from $180.00 to $175.00 in a research note on Thursday, October 12th. Canaccord Genuity Group upped their target price on shares of Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 4th. TheStreet upgraded shares of Amazon.com from a “c+” rating to a “b-” rating in a research note on Friday, October 27th. Finally, Evercore ISI upped their target price on shares of Amazon.com from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.80.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 42,816 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total value of $6,213,886.08. Following the completion of the transaction, the senior vice president now directly owns 64,380 shares of the company’s stock, valued at $9,343,469.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP David Zapolsky sold 42,816 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $145.13, for a total value of $6,213,886.08. Following the completion of the sale, the senior vice president now directly owns 64,380 shares in the company, valued at $9,343,469.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 70,056 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $139.86, for a total value of $9,798,032.16. Following the completion of the sale, the chief executive officer now owns 104,864 shares of the company’s stock, valued at $14,666,279.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 182,145 shares of company stock valued at $25,278,008. 12.70% of the stock is owned by corporate insiders.

Amazon.com Trading Up 2.1 %

AMZN stock opened at $142.71 on Wednesday. The firm has a fifty day moving average price of $132.76 and a 200 day moving average price of $127.60. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $145.86. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.98. The firm has a market cap of $1.47 trillion, a PE ratio of 73.94, a price-to-earnings-growth ratio of 1.87 and a beta of 1.17.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.