Advantage Trust Co Makes New $68,000 Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Advantage Trust Co bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 450 shares of the e-commerce giant’s stock, valued at approximately $68,000.

Other institutional investors have also recently added to or reduced their stakes in the company. PayPay Securities Corp grew its position in shares of Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares during the period. Strid Group LLC acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $43,000. Bruce G. Allen Investments LLC acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $57,000. Finally, Authentikos Wealth Advisory LLC bought a new stake in shares of Amazon.com in the third quarter worth $49,000. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $21,726,894.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 117,894 shares of company stock valued at $21,363,909. 10.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on AMZN shares. Wedbush reaffirmed an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Morgan Stanley upped their price target on shares of Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Piper Sandler increased their price objective on shares of Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Telsey Advisory Group raised their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, Rosenblatt Securities restated a “buy” rating and set a $220.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus target price of $212.40.

View Our Latest Report on AMZN

Amazon.com Trading Down 1.5 %

Shares of Amazon.com stock opened at $179.32 on Friday. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $191.70. The company has a market cap of $1.87 trillion, a price-to-earnings ratio of 50.23, a PEG ratio of 1.30 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $182.39 and its 200-day moving average price is $167.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the prior year, the firm posted $0.31 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, equities analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Amazon.com Company Profile

(Free Report)

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.

See Also

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

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