Farmers Trust Co. Decreases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Farmers Trust Co. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,475 shares of the e-commerce giant’s stock after selling 2,041 shares during the quarter. Amazon.com accounts for 1.3% of Farmers Trust Co.’s investment portfolio, making the stock its 16th largest position. Farmers Trust Co.’s holdings in Amazon.com were worth $7,125,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Douglas Lane & Associates LLC grew its stake in Amazon.com by 1.3% in the 4th quarter. Douglas Lane & Associates LLC now owns 249,275 shares of the e-commerce giant’s stock valued at $54,688,000 after acquiring an additional 3,106 shares during the last quarter. Private Client Services LLC lifted its holdings in shares of Amazon.com by 2.4% in the fourth quarter. Private Client Services LLC now owns 9,186 shares of the e-commerce giant’s stock valued at $2,015,000 after purchasing an additional 217 shares in the last quarter. Fulton Bank N.A. grew its position in shares of Amazon.com by 0.7% in the fourth quarter. Fulton Bank N.A. now owns 141,604 shares of the e-commerce giant’s stock valued at $31,066,000 after purchasing an additional 924 shares during the last quarter. Hilltop Wealth Advisors LLC increased its stake in shares of Amazon.com by 12.4% during the 4th quarter. Hilltop Wealth Advisors LLC now owns 1,483 shares of the e-commerce giant’s stock worth $325,000 after purchasing an additional 164 shares in the last quarter. Finally, Worth Asset Management LLC raised its position in shares of Amazon.com by 2.1% during the 4th quarter. Worth Asset Management LLC now owns 3,638 shares of the e-commerce giant’s stock worth $798,000 after purchasing an additional 76 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 2.4 %

AMZN stock opened at $225.94 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a 50 day simple moving average of $217.91 and a 200-day simple moving average of $196.27. The company has a market capitalization of $2.38 trillion, a P/E ratio of 48.38, a PEG ratio of 1.22 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $233.00.

Amazon.com (NASDAQ:AMZN) last released its 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. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 5.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of analyst reports. Rosenblatt Securities increased their target price on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a report on Friday, November 1st. Loop Capital lifted their price objective on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Tigress Financial upped their target price on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price target on shares of Amazon.com in a report on Tuesday, December 10th. Finally, Morgan Stanley upped their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $245.65.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the sale, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 transaction, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com 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.