Amazon.com, Inc. (NASDAQ:AMZN) is Country Trust Bank’s 7th Largest Position

Country Trust Bank raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 634,185 shares of the e-commerce giant’s stock after buying an additional 7,244 shares during the period. Amazon.com comprises approximately 2.9% of Country Trust Bank’s investment portfolio, making the stock its 7th biggest position. Country Trust Bank’s holdings in Amazon.com were worth $118,168,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Deltec Asset Management LLC raised its stake in shares of Amazon.com by 8.5% during the first quarter. Deltec Asset Management LLC now owns 195,695 shares of the e-commerce giant’s stock valued at $35,299,000 after acquiring an additional 15,253 shares in the last quarter. Strata Wealth Advisors LLC raised its stake in Amazon.com by 5.7% in the first quarter. Strata Wealth Advisors LLC now owns 4,899 shares of the e-commerce giant’s stock worth $884,000 after buying an additional 264 shares in the last quarter. Chatham Capital Group Inc. raised its stake in Amazon.com by 5.5% in the first quarter. Chatham Capital Group Inc. now owns 5,699 shares of the e-commerce giant’s stock worth $1,028,000 after buying an additional 298 shares in the last quarter. WJ Wealth Management LLC raised its stake in Amazon.com by 2.7% in the first quarter. WJ Wealth Management LLC now owns 20,002 shares of the e-commerce giant’s stock worth $3,608,000 after buying an additional 534 shares in the last quarter. Finally, Blue Zone Wealth Advisors LLC raised its stake in Amazon.com by 0.6% in the first quarter. Blue Zone Wealth Advisors LLC now owns 30,456 shares of the e-commerce giant’s stock worth $5,494,000 after buying an additional 170 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,855 shares of company stock valued at $9,215,048 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent research reports. Truist Financial boosted their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday. Roth Mkm boosted their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Piper Sandler upped their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday. Scotiabank upped their price target on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research report on Friday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a research report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $246.48.

Amazon.com Trading Down 1.1 %

AMZN stock opened at $195.78 on Tuesday. The company’s 50-day simple moving average is $185.23 and its 200-day simple moving average is $183.89. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 52-week low of $138.36 and a 52-week high of $201.20. The firm has a market cap of $2.05 trillion, a P/E ratio of 41.92, a PEG ratio of 1.42 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 23.46%. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com, Inc. will post 4.84 EPS for the current fiscal year.

Amazon.com Company Profile

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.