Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 432,870 shares of the e-commerce giant’s stock after selling 247 shares during the quarter. Amazon.com comprises approximately 2.6% of Hancock Whitney Corp’s portfolio, making the stock its 6th largest holding. Hancock Whitney Corp’s holdings in Amazon.com were worth $80,657,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Truvestments Capital LLC increased its holdings in shares of Amazon.com by 19.4% during the third quarter. Truvestments Capital LLC now owns 7,435 shares of the e-commerce giant’s stock worth $1,385,000 after buying an additional 1,210 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of Amazon.com by 2.5% during the third quarter. Loomis Sayles & Co. L P now owns 20,661,134 shares of the e-commerce giant’s stock worth $3,849,789,000 after buying an additional 503,644 shares in the last quarter. Concentric Wealth Management LLC increased its holdings in shares of Amazon.com by 3.4% during the third quarter. Concentric Wealth Management LLC now owns 12,266 shares of the e-commerce giant’s stock worth $2,286,000 after buying an additional 402 shares in the last quarter. Harvest Fund Management Co. Ltd increased its holdings in shares of Amazon.com by 25.1% during the third quarter. Harvest Fund Management Co. Ltd now owns 367,604 shares of the e-commerce giant’s stock worth $68,485,000 after buying an additional 73,696 shares in the last quarter. Finally, Davis R M Inc. increased its holdings in shares of Amazon.com by 2.7% during the third quarter. Davis R M Inc. now owns 599,989 shares of the e-commerce giant’s stock worth $111,796,000 after buying an additional 15,879 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were 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 in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 1.8 %

Shares of NASDAQ AMZN opened at $224.19 on Monday. The company’s fifty day moving average is $213.07 and its 200-day moving average is $194.21. The stock has a market cap of $2.36 trillion, a price-to-earnings ratio of 48.01, a P/E/G ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the firm posted $0.85 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMZN. DA Davidson reaffirmed a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. TD Cowen raised their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Scotiabank raised their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a report on Friday, November 1st. Evercore ISI increased their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Monness Crespi & Hardt increased their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.44.

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.