Plimoth Trust Co. LLC Sells 232 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Plimoth Trust Co. LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,484 shares of the e-commerce giant’s stock after selling 232 shares during the quarter. Amazon.com accounts for 2.7% of Plimoth Trust Co. LLC’s investment portfolio, making the stock its 4th biggest holding. Plimoth Trust Co. LLC’s holdings in Amazon.com were worth $9,494,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AMZN. PayPay Securities Corp increased its stake in shares of Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of Amazon.com in the fourth quarter worth about $57,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of Amazon.com in the third quarter worth about $49,000. Finally, AM Squared Ltd acquired a new stake in shares of Amazon.com in the third quarter worth about $76,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Up 3.4 %

NASDAQ:AMZN opened at $179.62 on Friday. The stock’s fifty day moving average price is $177.99 and its two-hundred day moving average price is $158.79. Amazon.com, Inc. has a 52-week low of $101.15 and a 52-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. The company has a market cap of $1.87 trillion, a price-to-earnings ratio of 61.94, a P/E/G ratio of 1.50 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter in the prior year, the business earned $0.21 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, analysts anticipate that Amazon.com, Inc. will post 4.11 EPS for the current year.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the chief executive officer now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the chief executive officer now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction on Wednesday, February 7th. The shares were 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 directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 in the last 90 days. 10.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMZN. Roth Mkm reaffirmed a “buy” rating and issued a $205.00 price target on shares of Amazon.com in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Mizuho boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Barclays boosted their price objective on Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, BMO Capital Markets boosted their price objective on Amazon.com from $205.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $205.13.

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.