Smithfield Trust Co Has $7.58 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Smithfield Trust Co grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 49,974 shares of the e-commerce giant’s stock after buying an additional 2,853 shares during the period. Smithfield Trust Co’s holdings in Amazon.com were worth $7,579,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Members Trust Co boosted its position in shares of Amazon.com by 8.9% in the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after purchasing an additional 341 shares during the last quarter. Cherrydale Wealth Management LLC boosted its position in shares of Amazon.com by 14.7% in the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after purchasing an additional 675 shares during the last quarter. Tompkins Financial Corp boosted its position in shares of Amazon.com by 3.3% in the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after purchasing an additional 2,273 shares during the last quarter. Nicholas Company Inc. boosted its position in shares of Amazon.com by 3.9% in the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after purchasing an additional 26,465 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Amazon.com by 5.4% in the 4th quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after purchasing an additional 277,631 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMZN has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Tigress Financial boosted their price target on Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group boosted their price target on Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Stifel Nicolaus boosted their price target on Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Oppenheimer boosted their price target on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. One research 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $212.40.

Get Our Latest Research Report on Amazon.com

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $180.00, for a total value of $9,000,000.00. Following the transaction, the chief executive officer now owns 1,994,182 shares in the company, valued at approximately $358,952,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, Director Jonathan Rubinstein sold 5,556 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $180.00, for a total transaction of $1,000,080.00. Following the transaction, the director now owns 109,664 shares in the company, valued at $19,739,520. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the transaction, the chief executive officer now owns 1,994,182 shares in the company, valued at approximately $358,952,760. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,894 shares of company stock worth $21,363,909. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 1.5 %

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

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

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

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