Security National Trust Co. Has $5.45 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

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Security National Trust Co. decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,139 shares of the e-commerce giant’s stock after selling 52 shares during the period. Amazon.com comprises 1.7% of Security National Trust Co.’s portfolio, making the stock its 11th largest holding. Security National Trust Co.’s holdings in Amazon.com were worth $5,449,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Gulf International Bank UK Ltd boosted its position in Amazon.com by 0.5% during the second quarter. Gulf International Bank UK Ltd now owns 98,957 shares of the e-commerce giant’s stock worth $187,387,000 after purchasing an additional 480 shares during the period. Gladstone Institutional Advisory LLC boosted its position in Amazon.com by 12.0% during the second quarter. Gladstone Institutional Advisory LLC now owns 1,742 shares of the e-commerce giant’s stock worth $3,299,000 after purchasing an additional 186 shares during the period. Cornerstone Advisory LLC boosted its position in Amazon.com by 50.0% during the second quarter. Cornerstone Advisory LLC now owns 1,374 shares of the e-commerce giant’s stock worth $2,602,000 after purchasing an additional 458 shares during the period. RB Capital Management LLC boosted its position in Amazon.com by 8.5% during the second quarter. RB Capital Management LLC now owns 1,339 shares of the e-commerce giant’s stock worth $2,536,000 after purchasing an additional 105 shares during the period. Finally, Family Management Corp boosted its position in Amazon.com by 1.0% during the second quarter. Family Management Corp now owns 2,805 shares of the e-commerce giant’s stock worth $5,312,000 after purchasing an additional 28 shares during the period. Institutional investors own 55.60% of the company’s stock.

A number of equities research analysts have issued reports on AMZN shares. Bank of America reaffirmed a “buy” rating and set a $2,250.00 target price (down previously from $2,350.00) on shares of Amazon.com in a research report on Monday, October 21st. Morgan Stanley cut their target price on Amazon.com from $2,200.00 to $2,100.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Raymond James cut their target price on Amazon.com from $2,080.00 to $2,020.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Deutsche Bank set a $2,150.00 target price on Amazon.com and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Co upped their target price on Amazon.com from $2,200.00 to $2,300.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have assigned a buy rating to the company. Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $2,189.97.

In related news, Director Judith A. Mcgrath sold 304 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $1,749.91, for a total value of $531,972.64. Following the transaction, the director now owns 2,324 shares in the company, valued at $4,066,790.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 1,765 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,783.00, for a total value of $3,146,995.00. Following the completion of the transaction, the chief financial officer now owns 2,480 shares in the company, valued at approximately $4,421,840. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,747 shares of company stock worth $40,737,808. 16.10% of the stock is owned by company insiders.

Amazon.com stock traded down $4.31 during mid-day trading on Friday, hitting $1,783.89. The stock had a trading volume of 144,822 shares, compared to its average volume of 3,108,799. The stock has a 50-day simple moving average of $1,759.99 and a two-hundred day simple moving average of $1,840.43. The stock has a market capitalization of $893.28 billion, a PE ratio of 88.57, a P/E/G ratio of 3.20 and a beta of 1.56. Amazon.com, Inc. has a 12 month low of $1,307.00 and a 12 month high of $2,035.80. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.40.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.46 by ($0.23). The firm had revenue of $69.98 billion during the quarter, compared to the consensus estimate of $68.72 billion. Amazon.com had a net margin of 4.27% and a return on equity of 22.52%. Amazon.com’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.75 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 20.52 earnings per share for the current fiscal year.

About Amazon.com

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 third-party sellers through physical stores and online stores.

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

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