Arbor Trust Wealth Advisors LLC Has $868,000 Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Arbor Trust Wealth Advisors LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 9.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,714 shares of the e-commerce giant’s stock after selling 620 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in Amazon.com were worth $868,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. PayPay Securities Corp grew its stake in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares during the period. Harbor Investment Advisory LLC grew its position in shares of Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new position in shares of Amazon.com in the third quarter worth about $49,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of Amazon.com during the 4th quarter worth about $57,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 1.3 %

Shares of NASDAQ:AMZN opened at $188.70 on Tuesday. The firm has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.86, a PEG ratio of 1.35 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 12 month low of $104.70 and a 12 month high of $189.77. The company’s fifty day simple moving average is $179.29 and its 200 day simple moving average is $161.18.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the company earned $0.31 earnings per share. As a group, research analysts forecast that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Insider Activity

In related news, 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 transaction 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 $167,140,165,034.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. Insiders have sold 32,217,010 shares of company stock worth $5,506,442,301 over the last ninety days. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. The Goldman Sachs Group boosted their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Morgan Stanley increased their price target on shares of Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. TD Cowen increased their target price on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, Rosenblatt Securities restated a “buy” rating and set a $220.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $211.62.

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.