First National Trust Co Sells 58,498 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

First National Trust Co decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 20.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 226,921 shares of the e-commerce giant’s stock after selling 58,498 shares during the quarter. Amazon.com accounts for approximately 1.4% of First National Trust Co’s investment portfolio, making the stock its 13th biggest holding. First National Trust Co’s holdings in Amazon.com were worth $29,581,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Fiduciary Planning LLC boosted its holdings in Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after purchasing an additional 5 shares during the period. HBC Financial Services PLLC boosted its holdings in Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after purchasing an additional 5 shares during the period. Meridian Investment Counsel Inc. boosted its holdings in Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after purchasing an additional 5 shares during the period. Alterna Wealth Management Inc. boosted its holdings in Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after purchasing an additional 5 shares during the period. Finally, Archetype Wealth Partners boosted its holdings in Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after purchasing an additional 6 shares during the period. Institutional investors own 57.96% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of several analyst reports. TheStreet raised shares of Amazon.com from a “c+” rating to a “b-” rating in a report on Friday, October 27th. Roth Mkm lifted their price objective on shares of Amazon.com from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Citigroup lifted their price objective on shares of Amazon.com from $145.00 to $167.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Susquehanna lifted their price objective on shares of Amazon.com from $150.00 to $185.00 and gave the stock a “positive” rating in a report on Friday, August 4th. Finally, Benchmark lifted their price objective on shares of Amazon.com from $130.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $168.80.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 70,056 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $139.86, for a total transaction of $9,798,032.16. Following the sale, the chief executive officer now owns 104,864 shares of the company’s stock, valued at $14,666,279.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Adam Selipsky sold 70,056 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $139.86, for a total transaction of $9,798,032.16. Following the sale, the chief executive officer now owns 104,864 shares of the company’s stock, valued at $14,666,279.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $127.20, for a total transaction of $508,800.00. Following the completion of the transaction, the chief executive officer now owns 522,316 shares in the company, valued at approximately $66,438,595.20. The disclosure for this sale can be found here. Insiders have sold 182,145 shares of company stock valued at $25,278,008 over the last quarter. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Trading Up 2.1 %

NASDAQ:AMZN opened at $142.71 on Wednesday. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $145.86. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.74. The company’s 50-day simple moving average is $132.76 and its 200 day simple moving average is $127.60. The firm has a market capitalization of $1.47 trillion, a P/E ratio of 73.94, a PEG ratio of 1.87 and a beta of 1.17.

Amazon.com Profile

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.