Amazon.com, Inc. (NASDAQ:AMZN) Holdings Trimmed by Charles Schwab Trust Co

Charles Schwab Trust Co reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,453 shares of the e-commerce giant’s stock after selling 3,233 shares during the quarter. Charles Schwab Trust Co’s holdings in Amazon.com were worth $2,513,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of AMZN. Fiera Capital Corp increased its stake in Amazon.com by 12.5% in the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after buying an additional 44,615 shares during the period. Prudential PLC grew its holdings in shares of Amazon.com by 9.5% during the 2nd quarter. Prudential PLC now owns 781,596 shares of the e-commerce giant’s stock valued at $151,043,000 after acquiring an additional 67,971 shares in the last quarter. Clifford Swan Investment Counsel LLC increased its stake in shares of Amazon.com by 0.6% in the second quarter. Clifford Swan Investment Counsel LLC now owns 177,643 shares of the e-commerce giant’s stock worth $34,330,000 after acquiring an additional 1,083 shares during the last quarter. Roof Eidam Maycock Peralta LLC raised its holdings in shares of Amazon.com by 30.8% during the second quarter. Roof Eidam Maycock Peralta LLC now owns 6,882 shares of the e-commerce giant’s stock worth $1,330,000 after acquiring an additional 1,622 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its position in Amazon.com by 2.7% during the second quarter. Wedbush Securities Inc. now owns 468,400 shares of the e-commerce giant’s stock valued at $90,518,000 after purchasing an additional 12,272 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Truist Financial upped their target price on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Bank of America raised their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Monness Crespi & Hardt boosted their target price on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JMP Securities restated a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a research note on Thursday, January 30th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $275.00 price objective on shares of Amazon.com in a research note on Friday, January 31st. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.56.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the transaction, the insider now directly owns 914,420,614 shares in the company, valued at $189,056,461,944.50. The trade was a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’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 directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,026,212 shares of company stock worth $625,666,424 over the last three months. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $238.83 on Friday. The firm has a market cap of $2.51 trillion, a P/E ratio of 51.14, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The firm’s 50-day simple moving average is $225.85 and its 200-day simple moving average is $200.03. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. As a group, research analysts expect that Amazon.com, Inc. will post 5.3 EPS for the current fiscal year.

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.