Arlington Trust Co LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Arlington Trust Co LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,225 shares of the e-commerce giant’s stock after buying an additional 120 shares during the quarter. Amazon.com makes up approximately 1.2% of Arlington Trust Co LLC’s portfolio, making the stock its 14th biggest holding. Arlington Trust Co LLC’s holdings in Amazon.com were worth $5,534,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. AMF Tjanstepension AB lifted its holdings in shares of Amazon.com by 44.3% in the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after buying an additional 811,425 shares in the last quarter. Nvest Financial LLC increased its position in shares of Amazon.com by 1.8% in the third quarter. Nvest Financial LLC now owns 23,789 shares of the e-commerce giant’s stock worth $4,433,000 after purchasing an additional 422 shares during the last quarter. Pacific Sun Financial Corp increased its position in shares of Amazon.com by 0.7% in the third quarter. Pacific Sun Financial Corp now owns 8,737 shares of the e-commerce giant’s stock worth $1,628,000 after purchasing an additional 60 shares during the last quarter. Ferguson Shapiro LLC increased its position in shares of Amazon.com by 2.8% in the third quarter. Ferguson Shapiro LLC now owns 6,295 shares of the e-commerce giant’s stock worth $1,173,000 after purchasing an additional 173 shares during the last quarter. Finally, Freestate Advisors LLC bought a new position in shares of Amazon.com in the third quarter worth approximately $252,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMZN. Mizuho increased their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 target price on shares of Amazon.com in a report on Friday, February 7th. Needham & Company LLC restated a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a report on Friday, February 7th. BMO Capital Markets restated an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Finally, Robert W. Baird raised their target price on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. 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 stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the sale, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,649 shares of company stock worth $23,871,905. 10.80% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $199.25 on Friday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The business has a fifty day moving average price of $224.11 and a 200-day moving average price of $206.80. The company has a market capitalization of $2.11 trillion, a PE ratio of 36.03, a PEG ratio of 1.50 and a beta of 1.19.

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

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.