Missouri Trust & Investment Co trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,095 shares of the e-commerce giant’s stock after selling 177 shares during the quarter. Amazon.com makes up 1.5% of Missouri Trust & Investment Co’s holdings, making the stock its 10th biggest holding. Missouri Trust & Investment Co’s holdings in Amazon.com were worth $4,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in the stock. Carderock Capital Management Inc. bought a new position in shares of Amazon.com in the 2nd quarter worth about $27,000. Cooksen Wealth LLC acquired a new stake in Amazon.com during the first quarter worth approximately $36,000. Inlight Wealth Management LLC bought a new stake in Amazon.com in the first quarter worth approximately $40,000. Capitol Family Office Inc. acquired a new position in Amazon.com in the first quarter valued at approximately $42,000. Finally, Maryland Capital Advisors Inc. boosted its holdings in shares of Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.
Amazon.com Trading Down 1.3%
NASDAQ:AMZN opened at $219.51 on Monday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average is $226.55 and its 200 day moving average is $211.24. The stock has a market capitalization of $2.34 trillion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28.
Insider Buying and Selling
In other news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the transaction, the chief executive officer owned 2,178,502 shares in the company, valued at $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the sale, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,798,540 shares of company stock worth $4,273,477,287 in the last quarter. 10.80% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
AMZN has been the subject of several research analyst reports. Oppenheimer lowered their price objective on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a research note on Friday, August 1st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $265.00 price target on shares of Amazon.com in a research note on Wednesday, September 24th. Wedbush reiterated an “outperform” rating and set a $250.00 price objective on shares of Amazon.com in a report on Friday, September 19th. Evercore ISI restated an “outperform” rating and issued a $280.00 target price on shares of Amazon.com in a research note on Wednesday, August 13th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Amazon.com in a research report on Saturday, September 27th. Three analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $266.26.
View Our Latest Stock Analysis on AMZN
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.
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