Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Farmers Trust Co.

Farmers Trust Co. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,475 shares of the e-commerce giant’s stock after selling 2,041 shares during the period. Amazon.com makes up approximately 1.3% of Farmers Trust Co.’s investment portfolio, making the stock its 16th largest holding. Farmers Trust Co.’s holdings in Amazon.com were worth $7,125,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Icon Wealth Advisors LLC lifted its holdings in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares during the period. PayPay Securities Corp raised its position in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new stake in Amazon.com in the 3rd quarter valued at about $37,000. Bull Oak Capital LLC bought a new position in shares of Amazon.com during the 3rd quarter valued at about $45,000. Finally, Values First Advisors Inc. acquired a new position in shares of Amazon.com in the 3rd quarter worth approximately $56,000. 72.20% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This trade represents 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 through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $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 three months, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Up 2.4 %

Amazon.com stock opened at $225.94 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $233.00. The firm has a fifty day moving average price of $217.91 and a two-hundred day moving average price of $196.27. The firm has a market cap of $2.38 trillion, a price-to-earnings ratio of 48.38, a P/E/G ratio of 1.22 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 EPS. As a group, analysts forecast that Amazon.com, Inc. will post 5.38 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AMZN shares. Telsey Advisory Group lifted their price target on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Evercore ISI boosted 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. Truist Financial increased their price target on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Maxim Group boosted their price objective on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $245.65.

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.