Equitable Trust Co. Acquires 92 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Equitable Trust Co. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,481 shares of the e-commerce giant’s stock after purchasing an additional 92 shares during the period. Amazon.com accounts for approximately 1.7% of Equitable Trust Co.’s investment portfolio, making the stock its 10th biggest holding. Equitable Trust Co.’s holdings in Amazon.com were worth $24,056,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AMZN. Vanguard Group Inc. lifted its stake in Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares during the last quarter. Norges Bank bought a new position in shares of Amazon.com in the 4th quarter worth about $17,700,551,000. Capital Research Global Investors boosted its holdings in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after buying an additional 6,810,145 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Amazon.com by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock worth $13,091,909,000 after purchasing an additional 289,532 shares during the period. Finally, Jennison Associates LLC grew its stake in Amazon.com by 0.5% in the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock valued at $10,221,446,000 after acquiring an additional 295,132 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 1,463,437 shares of Amazon.com stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $200.08, for a total value of $292,804,474.96. Following the completion of the sale, the insider now directly owns 935,211,842 shares in the company, valued at approximately $187,117,185,347.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 1,463,437 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $200.08, for a total value of $292,804,474.96. Following the completion of the transaction, the insider now owns 935,211,842 shares in the company, valued at $187,117,185,347.36. The disclosure for this sale can be found here. Insiders have sold a total of 6,098,297 shares of company stock valued at $1,219,443,957 over the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $187.97 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 52.65, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The company’s 50-day moving average is $178.92 and its 200 day moving average is $182.68.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Sell-side analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AMZN shares. Maxim Group increased their price target on Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Bank of America cut their price target on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $215.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd. Roth Mkm increased their target price on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a research report on Monday, September 23rd. One analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $222.84.

Amazon.com 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.