Farmers Trust Co. Sells 737 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Farmers Trust Co. cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,516 shares of the e-commerce giant’s stock after selling 737 shares during the quarter. Amazon.com accounts for about 1.2% of Farmers Trust Co.’s investment portfolio, making the stock its 21st largest holding. Farmers Trust Co.’s holdings in Amazon.com were worth $6,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. PayPay Securities Corp increased its holdings in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Christopher J. Hasenberg Inc grew its position in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Amazon.com during the first quarter valued at approximately $69,000. Innealta Capital LLC bought a new position in shares of Amazon.com during the second quarter valued at approximately $77,000. Finally, Abich Financial Wealth Management LLC lifted its stake in Amazon.com by 84.7% in the second quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock worth $84,000 after acquiring an additional 199 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. TD Securities upped their price objective on shares of Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price objective on shares of Amazon.com in a research note on Thursday, October 24th. Piper Sandler reduced their price objective on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Rosenblatt Securities increased their price target on shares of Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Pivotal Research assumed coverage on shares of Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective for the company. 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 company. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $236.76.

Amazon.com Price Performance

AMZN opened at $186.40 on Friday. The company has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 44.59, a PEG ratio of 1.38 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12-month low of $131.71 and a 12-month high of $201.20. The business’s fifty day simple moving average is $184.40 and its 200-day simple moving average is $183.65.

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

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated 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 directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,855 shares of company stock valued at $9,215,048 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

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.