Canandaigua National Bank & Trust Co. Has $13.49 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Canandaigua National Bank & Trust Co. decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,466 shares of the e-commerce giant’s stock after selling 3,901 shares during the quarter. Amazon.com accounts for about 1.3% of Canandaigua National Bank & Trust Co.’s portfolio, making the stock its 14th largest holding. Canandaigua National Bank & Trust Co.’s holdings in Amazon.com were worth $13,485,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Advance Capital Management Inc. increased its position in shares of Amazon.com by 0.6% in the fourth quarter. Advance Capital Management Inc. now owns 9,714 shares of the e-commerce giant’s stock worth $2,131,000 after purchasing an additional 57 shares during the period. Oliver Luxxe Assets LLC grew its stake in Amazon.com by 0.7% during the fourth quarter. Oliver Luxxe Assets LLC now owns 34,213 shares of the e-commerce giant’s stock worth $7,506,000 after buying an additional 227 shares in the last quarter. Fortem Financial Group LLC increased its holdings in Amazon.com by 7.8% in the 4th quarter. Fortem Financial Group LLC now owns 21,076 shares of the e-commerce giant’s stock valued at $4,624,000 after buying an additional 1,526 shares during the period. Insight Wealth Strategies LLC raised its position in shares of Amazon.com by 1.0% in the 4th quarter. Insight Wealth Strategies LLC now owns 27,811 shares of the e-commerce giant’s stock valued at $6,101,000 after buying an additional 265 shares in the last quarter. Finally, Kozak & Associates Inc. lifted its holdings in shares of Amazon.com by 3.7% during the 4th quarter. Kozak & Associates Inc. now owns 83,736 shares of the e-commerce giant’s stock worth $18,773,000 after acquiring an additional 2,950 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 2.4 %

AMZN opened at $225.94 on Monday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $233.00. The company’s 50-day moving average price is $217.91 and its two-hundred day moving average price is $196.28. The stock has a market cap of $2.38 trillion, a price-to-earnings ratio of 48.38, a PEG ratio of 1.22 and a beta of 1.14. 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 announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during 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%. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 earnings per share. As a group, equities analysts expect that Amazon.com, Inc. will post 5.38 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the transaction, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on AMZN. Piper Sandler boosted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. The Goldman Sachs Group upped their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JMP Securities reiterated a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a research report on Friday, January 10th. Pivotal Research started coverage on shares of Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective for the company. Finally, Redburn Atlantic boosted their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.65.

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.