Amazon.com, Inc. (NASDAQ:AMZN) Stake Lowered by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 62,498 shares of the e-commerce giant’s stock after selling 781 shares during the quarter. Amazon.com comprises approximately 2.5% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s investment portfolio, making the stock its 7th largest holding. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Amazon.com were worth $9,496,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Landmark Financial Advisors LLC grew its holdings in shares of Amazon.com by 2.7% during the third quarter. Landmark Financial Advisors LLC now owns 8,907 shares of the e-commerce giant’s stock worth $1,132,000 after purchasing an additional 236 shares during the last quarter. Cypress Wealth Services LLC boosted its position in shares of Amazon.com by 3.9% in the 3rd quarter. Cypress Wealth Services LLC now owns 20,370 shares of the e-commerce giant’s stock valued at $2,589,000 after purchasing an additional 759 shares during the period. Divergent Planning LLC grew its stake in Amazon.com by 4.6% during the 3rd quarter. Divergent Planning LLC now owns 1,792 shares of the e-commerce giant’s stock worth $230,000 after buying an additional 79 shares during the last quarter. Worth Financial Advisory Group LLC increased its position in Amazon.com by 5.3% during the third quarter. Worth Financial Advisory Group LLC now owns 28,912 shares of the e-commerce giant’s stock worth $3,675,000 after buying an additional 1,450 shares during the period. Finally, Thrive Wealth Management LLC lifted its stake in Amazon.com by 71.8% in the third quarter. Thrive Wealth Management LLC now owns 23,488 shares of the e-commerce giant’s stock valued at $2,986,000 after buying an additional 9,813 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Royal Bank of Canada lifted their target price on shares of Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Amazon.com in a report on Thursday. Robert W. Baird increased their target price on shares of Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Oppenheimer boosted their price target on Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Canaccord Genuity Group increased their price objective on Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $205.13.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares in the company, valued at $23,688,228. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the sale, the insider now directly owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146. Corporate insiders own 10.30% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $173.67 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.80 trillion, a PE ratio of 59.89, a P/E/G ratio of 1.56 and a beta of 1.16. The company’s fifty day simple moving average is $177.79 and its 200-day simple moving average is $158.23. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77.

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

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.