Glenview Trust co Has $128.54 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Glenview Trust co boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 585,909 shares of the e-commerce giant’s stock after acquiring an additional 19,413 shares during the period. Amazon.com comprises about 2.4% of Glenview Trust co’s investment portfolio, making the stock its 7th biggest holding. Glenview Trust co’s holdings in Amazon.com were worth $128,543,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Strategic Financial Partners Ltd. acquired a new stake in Amazon.com in the 4th quarter valued at approximately $275,000. Northern Capital Management Inc. raised its holdings in Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after buying an additional 45 shares during the period. Patten & Patten Inc. TN grew its position in Amazon.com by 3.8% during the 4th quarter. Patten & Patten Inc. TN now owns 39,285 shares of the e-commerce giant’s stock worth $8,619,000 after purchasing an additional 1,447 shares in the last quarter. Sovereign Investment Advisors LLC purchased a new position in Amazon.com during the 4th quarter valued at about $1,868,000. Finally, CV Advisors LLC increased its stake in Amazon.com by 50.3% in the 4th quarter. CV Advisors LLC now owns 82,272 shares of the e-commerce giant’s stock valued at $16,624,000 after buying an additional 27,533 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $172.51 on Friday. The company has a market capitalization of $1.83 trillion, a PE ratio of 31.19, a P/E/G ratio of 1.50 and a beta of 1.39. The firm has a fifty day simple moving average of $199.65 and a 200 day simple moving average of $207.97. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AMZN. Raymond James lifted their target price on shares of Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Wolfe Research upped their price target on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Stifel Nicolaus raised their price target on shares of Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Morgan Stanley decreased their price objective on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Phillip Securities cut Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $252.73.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 19,212 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares of the company’s stock, valued at $10,864,125. The trade was a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,798 shares of company stock worth $23,341,803. Insiders own 10.80% of the company’s stock.

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.