Smithfield Trust Co Buys 98 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Smithfield Trust Co grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,523 shares of the e-commerce giant’s stock after buying an additional 98 shares during the period. Smithfield Trust Co’s holdings in Amazon.com were worth $9,783,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. ERn Financial LLC grew its position in shares of Amazon.com by 2.2% during the second quarter. ERn Financial LLC now owns 18,888 shares of the e-commerce giant’s stock valued at $3,650,000 after purchasing an additional 413 shares in the last quarter. Everpar Advisors LLC grew its holdings in Amazon.com by 25.2% during the 2nd quarter. Everpar Advisors LLC now owns 22,270 shares of the e-commerce giant’s stock valued at $4,304,000 after buying an additional 4,483 shares in the last quarter. FMA Wealth Management LLC increased its stake in Amazon.com by 15.4% in the 2nd quarter. FMA Wealth Management LLC now owns 1,500 shares of the e-commerce giant’s stock worth $290,000 after acquiring an additional 200 shares during the last quarter. E&G Advisors LP raised its holdings in shares of Amazon.com by 1.3% during the 2nd quarter. E&G Advisors LP now owns 26,223 shares of the e-commerce giant’s stock worth $5,068,000 after acquiring an additional 341 shares in the last quarter. Finally, 1858 Wealth Management LLC boosted its position in shares of Amazon.com by 21.4% during the 2nd quarter. 1858 Wealth Management LLC now owns 16,610 shares of the e-commerce giant’s stock valued at $3,210,000 after acquiring an additional 2,929 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMZN has been the topic of several recent research reports. Loop Capital upped their target price on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Bank of America raised their price objective on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Rosenblatt Securities boosted their target price on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Oppenheimer raised their price target on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Maxim Group boosted their price objective on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 4,766 shares of the company’s stock in a transaction 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 owns 94,630 shares of the company’s stock, 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 sold 6,032,344 shares of company stock valued at $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $220.22 on Friday. The stock has a market cap of $2.32 trillion, a PE ratio of 47.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 52-week low of $144.05 and a 52-week high of $233.00. The business has a 50-day simple moving average of $211.67 and a 200-day simple moving average of $193.59. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate 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 return on equity of 22.41% and a net margin of 8.04%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. On average, equities analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

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.