Arlington Trust Co LLC Buys New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Arlington Trust Co LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 28,296 shares of the e-commerce giant’s stock, valued at approximately $4,299,000. Amazon.com makes up about 1.2% of Arlington Trust Co LLC’s investment portfolio, making the stock its 12th biggest position.

Other institutional investors have also bought and sold shares of the company. Lake Hills Wealth Management LLC increased its holdings in shares of Amazon.com by 0.8% in the 4th quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock valued at $1,213,000 after acquiring an additional 65 shares during the period. Veery Capital LLC grew its stake in Amazon.com by 1.1% in the fourth quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock valued at $895,000 after purchasing an additional 66 shares during the last quarter. Bellwether Advisors LLC grew its stake in Amazon.com by 2.3% in the fourth quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock valued at $446,000 after purchasing an additional 66 shares during the last quarter. StrategIQ Financial Group LLC raised its holdings in Amazon.com by 0.3% in the fourth quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock worth $3,534,000 after purchasing an additional 66 shares in the last quarter. Finally, Marion Wealth Management lifted its position in shares of Amazon.com by 1.6% during the fourth quarter. Marion Wealth Management now owns 4,321 shares of the e-commerce giant’s stock valued at $657,000 after buying an additional 67 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $177.23 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The company’s fifty day moving average price is $177.38 and its 200 day moving average price is $157.63. The stock has a market capitalization of $1.84 trillion, a P/E ratio of 61.11, a P/E/G ratio of 1.52 and a beta of 1.17. Amazon.com, Inc. has a 1 year low of $101.15 and a 1 year high of $189.77.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The business had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.21 earnings per share. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AMZN shares. The Goldman Sachs Group boosted their price objective on shares of Amazon.com from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. BMO Capital Markets started coverage on Amazon.com in a research note on Tuesday, January 9th. They set an “outperform” rating and a $200.00 target price on the stock. Wells Fargo & Company increased their price target on Amazon.com from $211.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. TD Cowen boosted their price target on Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Barclays increased their price objective on shares of Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $202.80.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, April 1st. The stock was sold at an average price of $180.73, for a total transaction of $632,555.00. Following the transaction, the chief executive officer now owns 512,858 shares in the company, valued at approximately $92,688,826.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock valued at $5,505,889,146 over the last quarter. 10.80% of the stock is currently owned by insiders.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.