Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,450 shares of the e-commerce giant’s stock after selling 2,813 shares during the period. Trustmark National Bank Trust Department’s holdings in Amazon.com were worth $8,655,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in AMZN. ERn Financial LLC increased its position in shares of Amazon.com by 2.2% in the second quarter. ERn Financial LLC now owns 18,888 shares of the e-commerce giant’s stock valued at $3,650,000 after buying an additional 413 shares in the last quarter. TriaGen Wealth Management LLC increased its holdings in Amazon.com by 10.7% during the 2nd quarter. TriaGen Wealth Management LLC now owns 14,938 shares of the e-commerce giant’s stock valued at $2,887,000 after acquiring an additional 1,446 shares in the last quarter. Evolution Wealth Advisors LLC increased its holdings in Amazon.com by 5.8% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 100,400 shares of the e-commerce giant’s stock valued at $19,438,000 after acquiring an additional 5,476 shares in the last quarter. Old Port Advisors raised its position in Amazon.com by 5.0% during the second quarter. Old Port Advisors now owns 7,855 shares of the e-commerce giant’s stock worth $1,518,000 after acquiring an additional 371 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Amazon.com by 31.4% in the second quarter. Blue Trust Inc. now owns 49,889 shares of the e-commerce giant’s stock valued at $8,999,000 after purchasing an additional 11,929 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research reports. Bank of America lifted their price objective on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Maxim Group boosted their price target on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. increased their price objective on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Royal Bank of Canada boosted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $219.39 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a 50-day moving average of $211.67 and a two-hundred day moving average of $193.59. The stock has a market cap of $2.31 trillion, a P/E ratio of 46.98, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. During the same period in the prior year, the business posted $0.85 EPS. The business’s revenue was up 11.0% on a year-over-year basis. On average, research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share 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.