American Trust Sells 1,784 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

American Trust reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,077 shares of the e-commerce giant’s stock after selling 1,784 shares during the quarter. Amazon.com comprises about 0.6% of American Trust’s portfolio, making the stock its 28th largest position. American Trust’s holdings in Amazon.com were worth $6,972,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. DGS Capital Management LLC lifted its position in shares of Amazon.com by 39.0% during the 1st quarter. DGS Capital Management LLC now owns 22,816 shares of the e-commerce giant’s stock worth $4,116,000 after buying an additional 6,401 shares during the last quarter. Affiance Financial LLC raised its stake in Amazon.com by 4.3% during the first quarter. Affiance Financial LLC now owns 10,690 shares of the e-commerce giant’s stock worth $1,928,000 after acquiring an additional 436 shares in the last quarter. S.A. Mason LLC lifted its holdings in shares of Amazon.com by 11.5% in the first quarter. S.A. Mason LLC now owns 3,219 shares of the e-commerce giant’s stock worth $581,000 after acquiring an additional 332 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its stake in shares of Amazon.com by 35.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 84,407 shares of the e-commerce giant’s stock valued at $15,225,000 after purchasing an additional 21,998 shares in the last quarter. Finally, WealthCare Investment Partners LLC grew its holdings in shares of Amazon.com by 11.8% during the 1st quarter. WealthCare Investment Partners LLC now owns 3,472 shares of the e-commerce giant’s stock valued at $626,000 after purchasing an additional 366 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on AMZN shares. Wolfe Research started coverage on shares of Amazon.com in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $215.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. UBS Group upped their target price on Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a report on Monday. BMO Capital Markets reiterated an “outperform” rating and issued a $230.00 target price on shares of Amazon.com in a research report on Thursday, September 19th. Finally, Truist Financial boosted their price target on Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $236.76.

Amazon.com Price Performance

Shares of AMZN opened at $190.83 on Wednesday. The business’s fifty day moving average is $183.94 and its 200 day moving average is $183.57. Amazon.com, Inc. has a 12-month low of $128.56 and a 12-month high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.99 trillion, a P/E ratio of 53.45, a P/E/G ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % 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. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the transaction, the chief executive officer now owns 503,753 shares of the company’s stock, valued at $95,335,255.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,355 shares of company stock valued at $9,877,423. Corporate insiders own 10.80% of the company’s stock.

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.