First Community Trust NA Lowers Position in Amazon.com, Inc. (NASDAQ:AMZN)

First Community Trust NA decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the third quarter, Holdings Channel reports. The fund owned 11,971 shares of the e-commerce giant’s stock after selling 282 shares during the period. Amazon.com makes up about 1.8% of First Community Trust NA’s holdings, making the stock its 11th biggest holding. First Community Trust NA’s holdings in Amazon.com were worth $2,231,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in AMZN. Vanguard Group Inc. grew its stake in Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after purchasing an additional 14,724,687 shares during the period. Swedbank AB bought a new stake in shares of Amazon.com during the 1st quarter valued at $2,239,757,000. Capital World Investors boosted its holdings in shares of Amazon.com by 64.6% during the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after buying an additional 11,524,463 shares in the last quarter. Capital Research Global Investors grew its position in shares of Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after buying an additional 6,810,145 shares during the period. Finally, Strategic Financial Concepts LLC increased its stake in shares of Amazon.com by 13,606.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock worth $759,971,000 after acquiring an additional 3,903,889 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,855 shares of company stock worth $9,215,048 over the last quarter. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $192.73 on Thursday. The business’s 50-day moving average is $184.20 and its 200 day moving average is $183.64. Amazon.com, Inc. has a 12 month low of $131.71 and a 12 month high of $201.20. The company has a market capitalization of $2.02 trillion, a P/E ratio of 46.11, a P/E/G ratio of 1.38 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. On average, equities research analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on AMZN shares. Needham & Company LLC reissued a “buy” rating and set a $210.00 price objective on shares of Amazon.com in a research note on Thursday, October 24th. TD Cowen upped their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Roth Mkm boosted their target price on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Truist Financial raised their price target on Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a report on Monday, September 30th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $236.76.

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.