Trust Co. of Virginia VA Decreases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Trust Co. of Virginia VA decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,472 shares of the e-commerce giant’s stock after selling 898 shares during the period. Amazon.com accounts for about 1.4% of Trust Co. of Virginia VA’s portfolio, making the stock its 27th biggest holding. Trust Co. of Virginia VA’s holdings in Amazon.com were worth $13,594,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AMZN. Vanguard Group Inc. boosted its stake in Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after buying an additional 32,038,029 shares during the last quarter. FMR LLC boosted its stake in Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after buying an additional 21,649,871 shares during the last quarter. Northern Trust Corp boosted its stake in Amazon.com by 3.7% during the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after buying an additional 3,260,411 shares during the last quarter. Jennison Associates LLC boosted its stake in Amazon.com by 28.4% during the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after buying an additional 12,176,114 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Amazon.com by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock valued at $6,406,216,000 after purchasing an additional 1,374,052 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $176.59 on Thursday. The stock has a 50-day simple moving average of $177.71 and a two-hundred day simple moving average of $158.12. The firm has a market capitalization of $1.83 trillion, a P/E ratio of 60.89, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

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

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the transaction, the insider now owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Citigroup upped their price objective on Amazon.com from $215.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday. Wedbush upped their price objective on Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday. Wolfe Research upped their price objective on Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. increased their price target on Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Bank of America increased their price target on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One equities 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 stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $204.76.

About Amazon.com

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.