Vest Financial LLC Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Vest Financial LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 42,026 shares of the e-commerce giant’s stock after acquiring an additional 3,484 shares during the quarter. Vest Financial LLC’s holdings in Amazon.com were worth $9,220,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AMZN. AMF Tjanstepension AB lifted its holdings in Amazon.com by 44.3% during the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after purchasing an additional 811,425 shares in the last quarter. Marion Wealth Management grew its holdings in Amazon.com by 3.5% during the 3rd quarter. Marion Wealth Management now owns 5,085 shares of the e-commerce giant’s stock valued at $947,000 after buying an additional 174 shares in the last quarter. Bridge Creek Capital Management LLC lifted its holdings in shares of Amazon.com by 0.4% in the third quarter. Bridge Creek Capital Management LLC now owns 35,379 shares of the e-commerce giant’s stock worth $6,592,000 after buying an additional 145 shares in the last quarter. Clean Yield Group lifted its holdings in shares of Amazon.com by 11.2% in the third quarter. Clean Yield Group now owns 2,173 shares of the e-commerce giant’s stock worth $405,000 after buying an additional 218 shares in the last quarter. Finally, Legacy Private Trust Co. grew its stake in Amazon.com by 3.6% during the third quarter. Legacy Private Trust Co. now owns 105,100 shares of the e-commerce giant’s stock valued at $19,583,000 after acquiring an additional 3,614 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $203.80 on Wednesday. The company has a market cap of $2.16 trillion, a PE ratio of 36.85, a P/E/G ratio of 1.50 and a beta of 1.15. The business has a 50 day moving average of $225.54 and a 200 day moving average of $206.49. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on AMZN shares. Tigress Financial raised their price target 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. BMO Capital Markets reissued an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research note on Tuesday, December 3rd. Wolfe Research upped their target price on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Barclays lifted their price target on Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Finally, Redburn Atlantic upped their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,649 shares of company stock worth $23,871,905 over the last three months. Company insiders own 10.80% of the company’s stock.

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.