Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Central Bank & Trust Co.

Central Bank & Trust Co. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 83,323 shares of the e-commerce giant’s stock after buying an additional 1,216 shares during the period. Amazon.com accounts for about 2.0% of Central Bank & Trust Co.’s portfolio, making the stock its 12th biggest position. Central Bank & Trust Co.’s holdings in Amazon.com were worth $9,415,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kavar Capital Partners Group LLC boosted its position in Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares in the last quarter. IFM Investors Pty Ltd boosted its position in Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. boosted its position in Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares in the last quarter. Markel Corp boosted its position in Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC boosted its position in Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after purchasing an additional 540 shares in the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on AMZN shares. Monness Crespi & Hardt lowered their price objective on Amazon.com from $172.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Needham & Company LLC decreased their target price on Amazon.com from $175.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Raymond James decreased their target price on Amazon.com from $164.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Benchmark decreased their target price on Amazon.com from $160.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Finally, Tigress Financial decreased their target price on Amazon.com from $232.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, November 2nd. Two 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $147.12.

Insider Activity

In other news, CEO Adam Selipsky sold 345 shares of Amazon.com stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the transaction, the chief executive officer now owns 112,795 shares in the company, valued at approximately $11,505,090. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Brian T. Olsavsky sold 15,240 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $1,432,560.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at $4,606,000. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 345 shares of the business’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the sale, the chief executive officer now owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,948 shares of company stock worth $5,135,922. 12.70% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $86.08 on Friday. The business has a 50-day moving average of $90.51 and a 200 day moving average of $111.38. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. The stock has a market capitalization of $878.16 billion, a price-to-earnings ratio of 79.01, a price-to-earnings-growth ratio of 2.64 and a beta of 1.22. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). The company had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 0.69 earnings per share for the current year.

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.