Davidson Trust Co. Buys 480 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Davidson Trust Co. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 12.3% in the 4th quarter, HoldingsChannel reports. The firm owned 4,389 shares of the e-commerce giant’s stock after acquiring an additional 480 shares during the quarter. Davidson Trust Co.’s holdings in Amazon.com were worth $667,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Financial Symmetry Inc acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $362,000. HTLF Bank bought a new stake in Amazon.com during the 4th quarter valued at $8,270,000. Opes Wealth Management LLC raised its holdings in Amazon.com by 32.5% during the fourth quarter. Opes Wealth Management LLC now owns 6,079 shares of the e-commerce giant’s stock worth $924,000 after buying an additional 1,490 shares during the last quarter. Colton Groome Financial Advisors LLC lifted its stake in shares of Amazon.com by 11.3% in the fourth quarter. Colton Groome Financial Advisors LLC now owns 4,697 shares of the e-commerce giant’s stock valued at $714,000 after buying an additional 475 shares in the last quarter. Finally, Echo45 Advisors LLC grew its holdings in shares of Amazon.com by 3.5% during the fourth quarter. Echo45 Advisors LLC now owns 6,560 shares of the e-commerce giant’s stock valued at $997,000 after buying an additional 220 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated 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 directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the transaction, the director now owns 4,760 shares in the company, valued at approximately $886,407.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The disclosure for this sale can be found here. In the last three months, insiders sold 20,187,979 shares of company stock worth $3,440,575,337. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Up 0.8 %

AMZN stock opened at $189.50 on Friday. Amazon.com, Inc. has a 1-year low of $108.05 and a 1-year high of $191.70. The stock has a market cap of $1.97 trillion, a price-to-earnings ratio of 53.08, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $179.90 and its 200 day moving average is $161.81.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AMZN shares. Citigroup upped their target price on shares of Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Wolfe Research raised their target price on Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Stifel Nicolaus upped their price target on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Argus raised their price objective on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, Sanford C. Bernstein upped their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. One investment 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $211.62.

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.