Trust Co of the South Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Trust Co of the South acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,633 shares of the e-commerce giant’s stock, valued at approximately $1,918,000. Amazon.com comprises about 0.4% of Trust Co of the South’s holdings, making the stock its 26th largest position.

A number of other hedge funds also recently made changes to their positions in AMZN. Park Avenue Securities LLC increased its stake in shares of Amazon.com by 5.6% during the first quarter. Park Avenue Securities LLC now owns 256,964 shares of the e-commerce giant’s stock worth $46,351,000 after purchasing an additional 13,555 shares during the period. Legacy Financial Group LLC increased its stake in shares of Amazon.com by 733.5% during the first quarter. Legacy Financial Group LLC now owns 15,169 shares of the e-commerce giant’s stock worth $2,736,000 after purchasing an additional 13,349 shares during the period. Yarbrough Capital LLC increased its stake in shares of Amazon.com by 100.5% during the first quarter. Yarbrough Capital LLC now owns 1,726,694 shares of the e-commerce giant’s stock worth $311,461,000 after purchasing an additional 865,386 shares during the period. American National Bank increased its stake in shares of Amazon.com by 8.0% during the first quarter. American National Bank now owns 202,648 shares of the e-commerce giant’s stock worth $36,554,000 after purchasing an additional 14,925 shares during the period. Finally, Legacy Financial Strategies LLC increased its stake in shares of Amazon.com by 6.5% during the first quarter. Legacy Financial Strategies LLC now owns 9,170 shares of the e-commerce giant’s stock worth $1,654,000 after purchasing an additional 561 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Up 1.6 %

Shares of NASDAQ:AMZN opened at $189.08 on Friday. The company has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 52.96, a P/E/G ratio of 1.33 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The business’s 50-day moving average is $182.78 and its 200-day moving average is $171.54. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $191.70.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. Equities research analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AMZN shares. Moffett Nathanson reiterated a “buy” rating and set a $228.00 target price on shares of Amazon.com in a research note on Thursday, April 11th. Raymond James raised their price objective on Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, May 1st. Rosenblatt Securities restated a “buy” rating and set a $220.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. Robert W. Baird lifted their price target on Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Benchmark reiterated a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of “Buy” and an average target price of $215.37.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the sale, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the sale, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 5,264 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $190.00, for a total value of $1,000,160.00. Following the completion of the sale, the director now directly owns 104,400 shares of the company’s stock, valued at $19,836,000. The disclosure for this sale can be found here. Insiders sold 65,338 shares of company stock valued at $11,894,344 in the last three months. Corporate insiders own 10.80% of the company’s stock.

About Amazon.com

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.