CENTRAL TRUST Co Sells 4,819 Shares of Amazon.com, Inc. $AMZN

CENTRAL TRUST Co lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 325,121 shares of the e-commerce giant’s stock after selling 4,819 shares during the quarter. Amazon.com makes up approximately 1.5% of CENTRAL TRUST Co’s holdings, making the stock its 16th biggest holding. CENTRAL TRUST Co’s holdings in Amazon.com were worth $71,387,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Aspire Capital Advisors LLC lifted its holdings in Amazon.com by 1.9% in the third quarter. Aspire Capital Advisors LLC now owns 22,946 shares of the e-commerce giant’s stock valued at $5,038,000 after buying an additional 420 shares during the period. Rothschild Capital Partners LLC raised its position in shares of Amazon.com by 0.4% during the 3rd quarter. Rothschild Capital Partners LLC now owns 145,739 shares of the e-commerce giant’s stock valued at $32,000,000 after acquiring an additional 561 shares during the last quarter. Acorn Creek Capital LLC lifted its stake in shares of Amazon.com by 2.9% in the 3rd quarter. Acorn Creek Capital LLC now owns 9,108 shares of the e-commerce giant’s stock valued at $2,000,000 after purchasing an additional 259 shares during the period. Bridge Generations Wealth Management LLC boosted its position in shares of Amazon.com by 2,330.0% in the 3rd quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant’s stock worth $53,000 after purchasing an additional 233 shares during the last quarter. Finally, Lafayette Investments Inc. grew its stake in shares of Amazon.com by 2.7% during the third quarter. Lafayette Investments Inc. now owns 20,462 shares of the e-commerce giant’s stock worth $4,493,000 after purchasing an additional 537 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Up 1.0%

AMZN stock opened at $218.94 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88. The stock has a market capitalization of $2.35 trillion, a P/E ratio of 30.54, a P/E/G ratio of 1.63 and a beta of 1.40. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The business has a 50-day moving average of $225.21 and a 200-day moving average of $227.33.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The firm had revenue of $213.39 billion during the quarter, compared to the consensus estimate of $211.02 billion. During the same quarter in the previous year, the firm posted $1.86 EPS. The company’s revenue was up 13.6% on a year-over-year basis. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Trending Headlines about Amazon.com

Here are the key news stories impacting Amazon.com this week:

Wall Street Analyst Weigh In

AMZN has been the topic of several analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research note on Monday, February 2nd. President Capital cut their price target on shares of Amazon.com from $320.00 to $296.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. Stifel Nicolaus set a $300.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Wolfe Research restated an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a report on Monday, January 5th. Finally, Scotiabank reiterated an “outperform” rating and issued a $275.00 target price (down from $300.00) on shares of Amazon.com in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $287.29.

Get Our Latest Report on AMZN

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 10,649 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the sale, the senior vice president directly owned 41,190 shares of the company’s stock, valued at $8,461,661.70. The trade was a 20.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Matthew S. Garman sold 17,751 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the transaction, the chief executive officer owned 9,405 shares of the company’s stock, valued at approximately $1,930,094.10. This represents a 65.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 71,686 shares of company stock valued at $14,688,739 over the last 90 days. 9.70% of the stock is currently owned by company insiders.

Amazon.com Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Read More

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.