Cetera Trust Company N.A Has $3.93 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Cetera Trust Company N.A lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,102 shares of the e-commerce giant’s stock after selling 725 shares during the period. Amazon.com makes up 2.4% of Cetera Trust Company N.A’s portfolio, making the stock its 3rd biggest position. Cetera Trust Company N.A’s holdings in Amazon.com were worth $3,932,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares during the period. Capital Research Global Investors boosted its position in shares of Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Amazon.com by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after buying an additional 1,042,177 shares during the period. Bank of New York Mellon Corp increased its position in shares of Amazon.com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after buying an additional 289,532 shares in the last quarter. Finally, Capital International Investors raised its stake in Amazon.com by 7.4% during the 1st quarter. Capital International Investors now owns 42,370,172 shares of the e-commerce giant’s stock worth $7,642,732,000 after buying an additional 2,932,192 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 3.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,766 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the transaction, the director now directly owns 94,630 shares in the company, valued at $19,858,105.50. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,011,423 shares of company stock valued at $1,249,093,896. 10.80% of the stock is owned by insiders.

Amazon.com Price Performance

NASDAQ:AMZN opened at $197.12 on Friday. The company has a market cap of $2.07 trillion, a P/E ratio of 42.21, a P/E/G ratio of 1.33 and a beta of 1.14. The firm’s fifty day moving average price is $193.00 and its two-hundred day moving average price is $186.31. Amazon.com, Inc. has a one year low of $142.81 and a one year high of $215.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 EPS. Equities analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AMZN shares. Telsey Advisory Group increased their price target on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Truist Financial raised their target price on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 price target (up previously from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. Evercore ISI increased their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, DA Davidson reaffirmed a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.77.

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.