First National Trust Co Has $34.11 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

First National Trust Co lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1,951.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 321,131 shares of the e-commerce giant’s stock after buying an additional 305,478 shares during the quarter. Amazon.com comprises 1.9% of First National Trust Co’s investment portfolio, making the stock its 7th largest holding. First National Trust Co’s holdings in Amazon.com were worth $34,108,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AMZN. Jennison Associates LLC grew its stake in shares of Amazon.com by 1,764.2% in the 2nd quarter. Jennison Associates LLC now owns 48,142,889 shares of the e-commerce giant’s stock valued at $5,113,256,000 after buying an additional 45,560,351 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Amazon.com by 1,923.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,747,428 shares of the e-commerce giant’s stock valued at $2,947,054,000 after buying an additional 26,375,927 shares in the last quarter. New York State Teachers Retirement System grew its stake in shares of Amazon.com by 1,895.2% in the 2nd quarter. New York State Teachers Retirement System now owns 10,349,048 shares of the e-commerce giant’s stock valued at $1,099,172,000 after buying an additional 9,830,359 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of Amazon.com by 1,644.6% in the 2nd quarter. Brown Advisory Inc. now owns 9,685,141 shares of the e-commerce giant’s stock valued at $1,202,879,000 after buying an additional 9,129,976 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Amazon.com by 1,539.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 9,633,606 shares of the e-commerce giant’s stock valued at $1,023,183,000 after buying an additional 9,046,135 shares in the last quarter. Institutional investors own 57.15% of the company’s stock.

Insider Activity at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,720 shares of the firm’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $95.70, for a total value of $164,604.00. Following the transaction, the director now owns 22,440 shares in the company, valued at $2,147,508. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,720 shares of the stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $95.70, for a total value of $164,604.00. Following the transaction, the director now owns 22,440 shares of the company’s stock, valued at $2,147,508. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam Selipsky sold 520 shares of the stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total value of $66,263.60. Following the completion of the transaction, the chief executive officer now directly owns 115,680 shares in the company, valued at approximately $14,741,102.40. The disclosure for this sale can be found here. Insiders have sold a total of 269,412 shares of company stock worth $7,914,139 over the last 90 days. Insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $93.20 on Wednesday. The business’s 50-day simple moving average is $109.13 and its 200 day simple moving average is $116.76. The stock has a market cap of $950.79 billion, a price-to-earnings ratio of 85.54, a P/E/G ratio of 6.29 and a beta of 1.23. Amazon.com, Inc. has a 12-month low of $85.87 and a 12-month high of $181.68. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06. The business had revenue of $127.10 billion for the quarter, compared to analysts’ expectations of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 earnings per share. As a group, research analysts anticipate that Amazon.com, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AMZN shares. Deutsche Bank Aktiengesellschaft decreased their target price on Amazon.com from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Royal Bank of Canada decreased their target price on Amazon.com from $175.00 to $135.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Mizuho decreased their target price on Amazon.com from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Credit Suisse Group decreased their target price on Amazon.com from $159.00 to $142.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Finally, Erste Group Bank cut Amazon.com from a “buy” rating to a “hold” rating in a research report on Friday, November 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.77.

About Amazon.com

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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