Central Bank & Trust Co. Sells 8,116 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Central Bank & Trust Co. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,606 shares of the e-commerce giant’s stock after selling 8,116 shares during the quarter. Amazon.com makes up 2.3% of Central Bank & Trust Co.’s holdings, making the stock its 8th biggest position. Central Bank & Trust Co.’s holdings in Amazon.com were worth $15,490,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AMZN. Icon Wealth Advisors LLC lifted its holdings in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares during the last quarter. Hoese & Co LLP acquired a new stake in shares of Amazon.com during the 3rd quarter worth about $37,000. Bull Oak Capital LLC bought a new stake in shares of Amazon.com during the 3rd quarter worth about $45,000. Values First Advisors Inc. acquired a new position in Amazon.com in the 3rd quarter valued at about $56,000. Finally, Harbor Investment Advisory LLC raised its holdings in Amazon.com by 1.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock valued at $66,000 after acquiring an additional 3,055 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

AMZN stock opened at $236.17 on Thursday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. 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 stock has a 50-day moving average price of $225.24 and a 200-day moving average price of $199.78. The firm has a market cap of $2.48 trillion, a PE ratio of 50.57, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15.

Insiders Place Their Bets

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,022,574 shares of company stock worth $1,251,456,628. 10.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a report on Tuesday, January 21st. UBS Group boosted their price target on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Wolfe Research increased their price objective on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 target price on shares of Amazon.com in a research report on Wednesday, January 22nd. Finally, Morgan Stanley raised their price target on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Two equities 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $252.56.

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.