Central Bank & Trust Co. trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,957 shares of the e-commerce giant’s stock after selling 339 shares during the period. Amazon.com comprises about 1.7% of Central Bank & Trust Co.’s holdings, making the stock its 14th largest position. Central Bank & Trust Co.’s holdings in Amazon.com were worth $6,966,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the business. Whitnell & Co. lifted its position in shares of Amazon.com by 581.3% during the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after purchasing an additional 93 shares in the last quarter. Vestor Capital LLC lifted its position in shares of Amazon.com by 10.1% during the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after purchasing an additional 10 shares in the last quarter. Portfolio Solutions LLC bought a new position in shares of Amazon.com during the fourth quarter valued at about $119,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Amazon.com during the second quarter valued at about $121,000. Finally, Oak Point Wealth Management bought a new position in shares of Amazon.com during the fourth quarter valued at about $125,000. 60.19% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on AMZN shares. Vetr lowered shares of Amazon.com from a “hold” rating to a “sell” rating and set a $1,129.92 price target on the stock. in a research report on Monday, November 27th. Goldman Sachs reissued a “buy” rating and set a $1,450.00 price target (up from $1,300.00) on shares of Amazon.com in a research report on Tuesday, November 28th. DA Davidson raised their price target on shares of Amazon.com from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, November 30th. Finally, Wells Fargo raised their price target on shares of Amazon.com to $1,525.00 and gave the company an “outperform” rating in a research report on Friday, December 1st. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, forty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $1,477.78.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.31. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The business had revenue of $60.45 billion during the quarter, compared to analysts’ expectations of $59.85 billion. During the same quarter in the previous year, the company earned $1.54 EPS. The business’s quarterly revenue was up 38.2% compared to the same quarter last year. sell-side analysts expect that Amazon.com, Inc. will post 8.49 earnings per share for the current year.
In other news, CEO Jeffrey A. Wilke sold 250 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $1,549.90, for a total value of $387,475.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $15,499,000. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $1,577.85, for a total transaction of $788,925.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $15,778,500. The disclosure for this sale can be found here. In the last three months, insiders sold 6,214 shares of company stock valued at $9,251,120. Corporate insiders own 17.70% of the company’s stock.
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Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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