Members Trust Co Buys 341 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Members Trust Co raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,157 shares of the e-commerce giant’s stock after acquiring an additional 341 shares during the quarter. Members Trust Co’s holdings in Amazon.com were worth $638,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Greenwood Capital Associates LLC raised its stake in Amazon.com by 3.2% during the third quarter. Greenwood Capital Associates LLC now owns 5,565 shares of the e-commerce giant’s stock worth $707,000 after acquiring an additional 173 shares in the last quarter. Aurora Private Wealth Inc. increased its holdings in shares of Amazon.com by 7.2% during the third quarter. Aurora Private Wealth Inc. now owns 15,449 shares of the e-commerce giant’s stock worth $1,964,000 after buying an additional 1,039 shares in the last quarter. RDA Financial Network raised its stake in shares of Amazon.com by 1.7% in the third quarter. RDA Financial Network now owns 32,125 shares of the e-commerce giant’s stock valued at $4,084,000 after acquiring an additional 526 shares during the last quarter. Yoder Wealth Management Inc. grew its position in Amazon.com by 6.4% during the 3rd quarter. Yoder Wealth Management Inc. now owns 7,014 shares of the e-commerce giant’s stock worth $892,000 after acquiring an additional 423 shares during the last quarter. Finally, BlueSky Wealth Advisors LLC increased its holdings in Amazon.com by 6.1% during the 3rd quarter. BlueSky Wealth Advisors LLC now owns 1,728 shares of the e-commerce giant’s stock valued at $220,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 0.8 %

AMZN stock opened at $186.21 on Friday. The business has a 50-day moving average of $179.02 and a 200-day moving average of $160.32. Amazon.com, Inc. has a fifty-two week low of $103.31 and a fifty-two week high of $189.77. The stock has a market capitalization of $1.94 trillion, a P/E ratio of 52.16, a P/E/G ratio of 1.37 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 4.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Roth Mkm restated a “buy” rating and set a $210.00 target price (up previously from $205.00) on shares of Amazon.com in a report on Wednesday. Bank of America raised their price objective on shares of Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. TD Cowen upped their target price on shares of Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Argus raised their price target on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $211.07.

Insider Activity

In related news, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the sale, the chief executive officer now owns 514,131 shares in the company, valued at $87,397,128.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 20,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the transaction, the chief executive officer now owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The disclosure for this sale can be found here. Insiders sold 32,217,010 shares of company stock worth $5,506,442,301 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Company 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.