Legacy Private Trust Co. Sells 543 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Legacy Private Trust Co. lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,557 shares of the e-commerce giant’s stock after selling 543 shares during the quarter. Amazon.com comprises 1.5% of Legacy Private Trust Co.’s holdings, making the stock its 13th biggest position. Legacy Private Trust Co.’s holdings in Amazon.com were worth $22,939,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Icon Wealth Advisors LLC grew its stake in shares of Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares during the last quarter. PayPay Securities Corp raised its position in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Hoese & Co LLP purchased a new stake in Amazon.com during the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com during the 3rd quarter valued at approximately $45,000. Finally, Values First Advisors Inc. purchased a new position in shares of Amazon.com in the third quarter worth $56,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $225.94 on Tuesday. The stock has a 50 day moving average of $217.91 and a two-hundred day moving average of $196.27. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $233.00. The firm has a market cap of $2.38 trillion, a P/E ratio of 48.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm 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 for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 earnings per share. On average, analysts expect that Amazon.com, Inc. will post 5.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research analyst reports. HSBC boosted their price objective on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a report on Monday, January 13th. Mizuho increased their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft lifted their target price on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Jefferies Financial Group upped their target price on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Maxim Group raised their price target on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $245.65.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company’s stock, 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 sold 6,032,344 shares of company stock valued at $1,253,456,822 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Company 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.