Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by OLD Point Trust & Financial Services N A

OLD Point Trust & Financial Services N A lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,351 shares of the e-commerce giant’s stock after selling 700 shares during the period. Amazon.com comprises approximately 2.6% of OLD Point Trust & Financial Services N A’s investment portfolio, making the stock its 12th largest holding. OLD Point Trust & Financial Services N A’s holdings in Amazon.com were worth $7,536,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AMZN. Proficio Capital Partners LLC raised its stake in shares of Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after buying an additional 12,018,120 shares during the period. Parnassus Investments LLC increased its stake in Amazon.com by 82,457.3% during the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock worth $2,125,148,000 after buying an additional 11,391,479 shares in the last quarter. State Street Corp lifted its position in shares of Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after acquiring an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Amazon.com by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares in the last quarter. Finally, Strategic Financial Concepts LLC boosted its position in Amazon.com by 23,742.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant’s stock worth $1,119,463,000 after acquiring an additional 5,081,217 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AMZN shares. Telsey Advisory Group reissued an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Westpark Capital started coverage on shares of Amazon.com in a research report on Tuesday, April 1st. They set a “buy” rating and a $280.00 price target on the stock. Morgan Stanley decreased their price target on Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Finally, Loop Capital boosted their target price on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $249.90.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the transaction, the chief executive officer now owns 505,318 shares in the company, valued at approximately $115,434,843.92. The trade was a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Brian T. Olsavsky sold 14,620 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $10,933,860. This represents a 22.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Down 3.1 %

Shares of Amazon.com stock opened at $167.32 on Tuesday. The company’s fifty day moving average is $197.21 and its two-hundred day moving average is $208.09. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a market capitalization of $1.77 trillion, a P/E ratio of 30.26, a PEG ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.