Trust Co of the South Has $2.18 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Trust Co of the South lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,713 shares of the e-commerce giant’s stock after purchasing an additional 1,080 shares during the period. Amazon.com accounts for 0.5% of Trust Co of the South’s portfolio, making the stock its 27th largest holding. Trust Co of the South’s holdings in Amazon.com were worth $2,182,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Towerpoint Wealth LLC lifted its holdings in Amazon.com by 19.0% during the 1st quarter. Towerpoint Wealth LLC now owns 2,201 shares of the e-commerce giant’s stock valued at $397,000 after purchasing an additional 352 shares during the last quarter. Vanguard Capital Wealth Advisors raised its position in shares of Amazon.com by 6.5% in the first quarter. Vanguard Capital Wealth Advisors now owns 61,025 shares of the e-commerce giant’s stock valued at $11,008,000 after purchasing an additional 3,720 shares during the period. Investment Partners LTD. lifted its stake in shares of Amazon.com by 2.5% during the 1st quarter. Investment Partners LTD. now owns 5,806 shares of the e-commerce giant’s stock worth $1,047,000 after buying an additional 144 shares during the last quarter. Sunburst Financial Group LLC lifted its position in Amazon.com by 2.9% during the first quarter. Sunburst Financial Group LLC now owns 8,291 shares of the e-commerce giant’s stock worth $1,500,000 after acquiring an additional 231 shares during the last quarter. Finally, Tarbox Family Office Inc. grew its position in shares of Amazon.com by 17.6% in the first quarter. Tarbox Family Office Inc. now owns 8,995 shares of the e-commerce giant’s stock valued at $1,623,000 after purchasing an additional 1,349 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Amazon.com news, SVP David Zapolsky sold 9,490 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.88, for a total value of $1,716,551.20. Following the transaction, the senior vice president now directly owns 64,610 shares of the company’s stock, valued at approximately $11,686,656.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,855 shares of company stock valued at $9,215,048. 10.80% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $192.73 on Thursday. 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 company has a market capitalization of $2.02 trillion, a PE ratio of 46.11, a P/E/G ratio of 1.38 and a beta of 1.14. The firm has a fifty day simple moving average of $184.20 and a 200 day simple moving average of $183.64. Amazon.com, Inc. has a twelve month low of $131.71 and a twelve month high of $201.20.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AMZN shares. Stifel Nicolaus dropped their target price on Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Wells Fargo & Company downgraded shares of Amazon.com from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $225.00 to $183.00 in a report on Monday, October 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $215.00 target price on shares of Amazon.com in a report on Friday, August 2nd. TD Cowen boosted their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, Piper Sandler lowered their price objective on Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.76.

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.