Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Sentinel Trust Co. LBA

Sentinel Trust Co. LBA lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 11.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,987 shares of the e-commerce giant’s stock after selling 620 shares during the quarter. Sentinel Trust Co. LBA’s holdings in Amazon.com were worth $949,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AMZN. Norges Bank acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $27,266,582,000. GAMMA Investing LLC increased its stake in shares of Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares during the period. Capital World Investors increased its stake in shares of Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares during the period. Vanguard Group Inc. increased its stake in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. Finally, Capital International Investors increased its stake in shares of Amazon.com by 26.5% in the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock valued at $12,564,961,000 after purchasing an additional 12,000,745 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several analyst reports. Wall Street Zen upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Morgan Stanley restated an “overweight” rating on shares of Amazon.com in a research note on Monday, July 28th. Robert W. Baird raised their price target on shares of Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Canaccord Genuity Group reiterated a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Finally, HSBC increased their price objective on shares of Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. One research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $262.45.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Friday, August 1st. The shares were sold at an average price of $217.00, for a total transaction of $542,500.00. Following the sale, the chief executive officer directly owned 512,050 shares of the company’s stock, valued at $111,114,850. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,102,037 shares of company stock valued at $5,674,937,048 in the last three months. Company insiders own 9.70% of the company’s stock.

Amazon.com Trading Down 0.2%

Amazon.com stock opened at $222.69 on Friday. The company has a 50 day moving average price of $219.65 and a 200 day moving average price of $208.98. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The firm has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 33.95, a P/E/G ratio of 1.50 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS 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.