American Trust Has $6.82 Million Position in Amazon.com, Inc. $AMZN

American Trust boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 26.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,105 shares of the e-commerce giant’s stock after buying an additional 6,547 shares during the period. Amazon.com makes up about 0.6% of American Trust’s portfolio, making the stock its 22nd largest position. American Trust’s holdings in Amazon.com were worth $6,824,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com in the second quarter valued at $27,000. Maryland Capital Advisors Inc. grew its stake in shares of Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 95 shares during the period. Ryan Investment Management Inc. purchased a new stake in Amazon.com in the 2nd quarter worth about $48,000. Cooksen Wealth LLC raised its stake in Amazon.com by 23.5% in the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after acquiring an additional 47 shares during the period. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in Amazon.com during the first quarter valued at about $59,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AMZN shares. Guggenheim raised shares of Amazon.com to a “strong-buy” rating in a research report on Wednesday, December 10th. Evercore ISI lifted their price objective on shares of Amazon.com from $280.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. TD Cowen restated a “buy” rating and set a $300.00 target price on shares of Amazon.com in a research report on Thursday, December 11th. BNP Paribas Exane initiated coverage on Amazon.com in a research report on Monday, November 24th. They issued an “outperform” rating for the company. Finally, Telsey Advisory Group increased their price objective on Amazon.com from $265.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $295.43.

Amazon.com Stock Down 1.6%

Shares of NASDAQ:AMZN opened at $222.54 on Tuesday. The firm has a fifty day moving average of $229.39 and a 200 day moving average of $225.13. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. The firm has a market capitalization of $2.38 trillion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 1.56 and a beta of 1.37.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating the consensus estimate of $1.57 by $0.38. The firm had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The company’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.43 EPS. As a group, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other news, CEO Douglas J. Herrington sold 22,000 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $250.03, for a total value of $5,500,660.00. Following the completion of the sale, the chief executive officer directly owned 493,507 shares in the company, valued at approximately $123,391,555.21. The trade was a 4.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 17,768 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the completion of the sale, the chief executive officer directly owned 6,273 shares of the company’s stock, valued at $1,360,613.70. This trade represents a 73.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 82,234 shares of company stock valued at $19,076,767. Insiders own 10.80% of the company’s stock.

About Amazon.com

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.