American Trust Has $6.82 Million Holdings in Amazon.com, Inc. $AMZN

American Trust increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 26.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,105 shares of the e-commerce giant’s stock after purchasing an additional 6,547 shares during the period. Amazon.com makes up 0.6% of American Trust’s holdings, making the stock its 22nd largest position. American Trust’s holdings in Amazon.com were worth $6,824,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in AMZN. Wilson Asset Management International PTY Ltd. acquired a new position in shares of Amazon.com in the second quarter valued at approximately $11,102,000. ARK Investment Management LLC boosted its position in shares of Amazon.com by 8.3% in the second quarter. ARK Investment Management LLC now owns 1,140,494 shares of the e-commerce giant’s stock valued at $250,213,000 after acquiring an additional 86,978 shares during the period. Buckhead Capital Management LLC increased its position in Amazon.com by 16.1% during the second quarter. Buckhead Capital Management LLC now owns 28,407 shares of the e-commerce giant’s stock worth $6,232,000 after acquiring an additional 3,948 shares during the period. Flaharty Asset Management LLC raised its stake in Amazon.com by 87.7% in the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after purchasing an additional 2,377 shares in the last quarter. Finally, Border to Coast Pensions Partnership Ltd raised its stake in Amazon.com by 6.0% in the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock worth $249,295,000 after purchasing an additional 63,924 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AMZN shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $300.00 target price on shares of Amazon.com in a research report on Tuesday, December 2nd. Arete Research lifted their price target on shares of Amazon.com from $248.00 to $253.00 and gave the company a “buy” rating in a report on Monday, October 27th. Truist Financial set a $290.00 price objective on shares of Amazon.com in a research report on Friday, October 31st. TD Cowen restated a “buy” rating and issued a $300.00 target price on shares of Amazon.com in a research report on Thursday, December 11th. Finally, Canaccord Genuity Group set a $300.00 target price on shares of Amazon.com and gave the stock a “buy” rating in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $295.43.

Insider Buying and Selling

In other Amazon.com news, CEO Matthew S. Garman sold 17,768 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.90, for a total value of $3,853,879.20. Following the transaction, the chief executive officer directly owned 6,273 shares of the company’s stock, valued at approximately $1,360,613.70. The trade was a 73.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the sale, the chief executive officer directly owned 2,208,310 shares of the company’s stock, valued at approximately $479,070,771.40. This trade represents a 0.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 82,234 shares of company stock worth $19,076,767 over the last three months. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $222.54 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The company has a 50 day simple moving average of $229.39 and a two-hundred day simple moving average of $225.13. The company has a market capitalization of $2.38 trillion, a PE ratio of 31.43, a P/E/G ratio of 1.56 and a beta of 1.37.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The company had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. During the same period in the prior year, the firm posted $1.43 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Company 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.