Community Trust & Investment Co. Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Community Trust & Investment Co. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 335,309 shares of the e-commerce giant’s stock after buying an additional 1,773 shares during the quarter. Amazon.com makes up 4.0% of Community Trust & Investment Co.’s holdings, making the stock its 6th largest holding. Community Trust & Investment Co.’s holdings in Amazon.com were worth $62,478,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Narwhal Capital Management grew its position in shares of Amazon.com by 6.4% during the 3rd quarter. Narwhal Capital Management now owns 210,203 shares of the e-commerce giant’s stock worth $39,167,000 after buying an additional 12,621 shares in the last quarter. Segment Wealth Management LLC grew its position in shares of Amazon.com by 0.9% during the 3rd quarter. Segment Wealth Management LLC now owns 32,999 shares of the e-commerce giant’s stock worth $6,149,000 after buying an additional 310 shares in the last quarter. Private Advisor Group LLC boosted its position in Amazon.com by 1.4% during the third quarter. Private Advisor Group LLC now owns 977,953 shares of the e-commerce giant’s stock valued at $182,221,000 after purchasing an additional 13,212 shares in the last quarter. Tempus Wealth Planning LLC boosted its position in Amazon.com by 9.1% during the third quarter. Tempus Wealth Planning LLC now owns 16,103 shares of the e-commerce giant’s stock valued at $3,000,000 after purchasing an additional 1,346 shares in the last quarter. Finally, FSC Wealth Advisors LLC boosted its position in Amazon.com by 7.8% during the third quarter. FSC Wealth Advisors LLC now owns 4,070 shares of the e-commerce giant’s stock valued at $758,000 after purchasing an additional 296 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMZN. Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Pivotal Research began coverage on Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 price objective on the stock. Wedbush raised their price objective on Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price target (up previously from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Finally, TD Cowen raised their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $235.77.

Amazon.com Stock Down 0.6 %

Amazon.com stock opened at $197.12 on Monday. The stock has a market capitalization of $2.07 trillion, a PE ratio of 42.21, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $142.81 and a 12 month high of $215.90. The business has a 50 day simple moving average of $193.00 and a 200-day simple moving average of $186.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. On average, analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the sale, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,011,423 shares of company stock valued at $1,249,093,896 over the last ninety days. 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.