Thomasville National Bank Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Thomasville National Bank grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 371,246 shares of the e-commerce giant’s stock after acquiring an additional 2,578 shares during the quarter. Amazon.com accounts for approximately 5.9% of Thomasville National Bank’s holdings, making the stock its largest holding. Thomasville National Bank’s holdings in Amazon.com were worth $81,448,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AMZN. Signaturefd LLC raised its stake in shares of Amazon.com by 0.6% in the second quarter. Signaturefd LLC now owns 262,511 shares of the e-commerce giant’s stock worth $50,730,000 after purchasing an additional 1,644 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of Amazon.com during the 2nd quarter worth approximately $31,840,000. Key Financial Inc raised its stake in shares of Amazon.com by 0.8% during the 2nd quarter. Key Financial Inc now owns 26,736 shares of the e-commerce giant’s stock worth $5,167,000 after buying an additional 211 shares during the period. Boston Financial Mangement LLC raised its stake in shares of Amazon.com by 0.5% during the 2nd quarter. Boston Financial Mangement LLC now owns 197,587 shares of the e-commerce giant’s stock worth $38,184,000 after buying an additional 975 shares during the period. Finally, Atlas Capital Advisors LLC increased its position in shares of Amazon.com by 631.3% during the second quarter. Atlas Capital Advisors LLC now owns 45,715 shares of the e-commerce giant’s stock worth $8,834,000 after purchasing an additional 39,464 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research reports. Jefferies Financial Group boosted their price target on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. UBS Group upped their target price on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a report on Monday, December 16th. Piper Sandler upped their target price on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Raymond James upped their target price on Amazon.com from $230.00 to $260.00 and gave the company a “strong-buy” rating in a report on Tuesday. Finally, The Goldman Sachs Group upped their target price on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $247.72.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following 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. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 over the last quarter. 10.80% of the stock is owned by corporate insiders.

Amazon.com Price Performance

AMZN stock opened at $235.01 on Thursday. The stock has a 50-day moving average price of $218.73 and a two-hundred day moving average price of $196.68. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $235.44. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.47 trillion, a PE ratio of 50.32, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 5.39 EPS for the current 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.