Amazon.com, Inc. (NASDAQ:AMZN) is Canandaigua National Trust Co of Florida’s 9th Largest Position

Canandaigua National Trust Co of Florida raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 14.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,852 shares of the e-commerce giant’s stock after purchasing an additional 2,022 shares during the period. Amazon.com accounts for approximately 2.7% of Canandaigua National Trust Co of Florida’s portfolio, making the stock its 9th biggest holding. Canandaigua National Trust Co of Florida’s holdings in Amazon.com were worth $3,478,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Helios Capital Management PTE. Ltd. increased its position in shares of Amazon.com by 15.1% during the second quarter. Helios Capital Management PTE. Ltd. now owns 40,500 shares of the e-commerce giant’s stock valued at $7,827,000 after acquiring an additional 5,300 shares during the last quarter. Tower View Wealth Management LLC raised its holdings in shares of Amazon.com by 10.8% in the 2nd quarter. Tower View Wealth Management LLC now owns 27,854 shares of the e-commerce giant’s stock valued at $5,383,000 after buying an additional 2,717 shares during the period. HB Wealth Management LLC lifted its stake in Amazon.com by 21.6% during the 2nd quarter. HB Wealth Management LLC now owns 353,290 shares of the e-commerce giant’s stock worth $68,273,000 after acquiring an additional 62,867 shares in the last quarter. Westchester Capital Management Inc. lifted its position in shares of Amazon.com by 1.1% during the second quarter. Westchester Capital Management Inc. now owns 36,124 shares of the e-commerce giant’s stock worth $6,981,000 after purchasing an additional 405 shares in the last quarter. Finally, Whittier Trust Co. boosted its stake in shares of Amazon.com by 2.8% in the second quarter. Whittier Trust Co. now owns 1,037,779 shares of the e-commerce giant’s stock valued at $200,550,000 after purchasing an additional 27,789 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the transaction, the chief executive officer now directly owns 518,911 shares in the company, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction 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 owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Bank of America lifted their target price on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. Piper Sandler boosted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Benchmark increased their target price on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Cantor Fitzgerald reissued an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a research report on Monday, October 7th. Finally, Evercore ISI lifted their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $245.65.

Amazon.com Price Performance

AMZN stock opened at $225.94 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock’s 50 day moving average price is $217.91 and its 200 day moving average price is $196.28. The firm has a market cap of $2.38 trillion, a P/E ratio of 48.38, a PEG ratio of 1.22 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $233.00.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the company earned $0.85 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, sell-side analysts expect that Amazon.com, Inc. will post 5.38 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.