First National Trust Co raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,125 shares of the e-commerce giant’s stock after buying an additional 1,322 shares during the quarter. Amazon.com comprises 0.9% of First National Trust Co’s investment portfolio, making the stock its 26th largest holding. First National Trust Co’s holdings in Amazon.com were worth $8,332,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Janus Henderson Group PLC raised its stake in shares of Amazon.com by 1,045.8% in the second quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock valued at $1,718,711,000 after purchasing an additional 1,620,588 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Amazon.com by 2.9% in the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after purchasing an additional 764,115 shares in the last quarter. Truepoint Inc. raised its stake in shares of Amazon.com by 94,448.7% in the third quarter. Truepoint Inc. now owns 572,965 shares of the e-commerce giant’s stock valued at $573,000 after purchasing an additional 572,359 shares in the last quarter. BlackRock Inc. raised its stake in shares of Amazon.com by 2.4% in the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after purchasing an additional 554,990 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Amazon.com by 125.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 822,827 shares of the e-commerce giant’s stock valued at $796,497,000 after purchasing an additional 457,300 shares in the last quarter. Institutional investors own 60.19% of the company’s stock.
A number of brokerages recently commented on AMZN. Jefferies Group restated a “buy” rating and issued a $1,850.00 target price on shares of Amazon.com in a research note on Tuesday, March 13th. Wells Fargo restated an “outperform” rating and issued a $1,755.00 target price (up from $1,700.00) on shares of Amazon.com in a research note on Thursday, March 15th. Vetr upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $1,655.33 target price for the company in a research note on Thursday, March 15th. Deutsche Bank reiterated a “buy” rating on shares of Amazon.com in a research report on Monday, March 12th. Finally, UBS upped their price target on Amazon.com to $1,760.00 and gave the company a “buy” rating in a research report on Friday, March 9th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating, forty-eight have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,477.78.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.31. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The firm had revenue of $60.45 billion for the quarter, compared to analyst estimates of $59.85 billion. During the same quarter in the prior year, the firm posted $1.54 earnings per share. The company’s quarterly revenue was up 38.2% on a year-over-year basis. equities research analysts expect that Amazon.com, Inc. will post 8.49 EPS for the current fiscal year.
In other news, CEO Jeffrey A. Wilke sold 500 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $15,778,500. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $1,454.37, for a total value of $2,908,740.00. The disclosure for this sale can be found here. Insiders sold 6,214 shares of company stock worth $9,251,120 in the last three months. Insiders own 17.70% of the company’s stock.
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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