Amazon.com, Inc. $AMZN Shares Sold by Moody National Bank Trust Division

Moody National Bank Trust Division lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 29.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 74,038 shares of the e-commerce giant’s stock after selling 31,626 shares during the period. Amazon.com comprises about 1.6% of Moody National Bank Trust Division’s portfolio, making the stock its 11th largest holding. Moody National Bank Trust Division’s holdings in Amazon.com were worth $17,089,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Fairway Wealth LLC lifted its holdings in Amazon.com by 113.2% in the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 60 shares during the period. Sellwood Investment Partners LLC purchased a new stake in Amazon.com in the 3rd quarter worth approximately $27,000. Bridge Generations Wealth Management LLC grew its stake in shares of Amazon.com by 2,330.0% during the 3rd quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant’s stock worth $53,000 after purchasing an additional 233 shares during the period. Cooksen Wealth LLC increased its holdings in shares of Amazon.com by 23.5% during the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after purchasing an additional 47 shares in the last quarter. Finally, PayPay Securities Corp increased its holdings in shares of Amazon.com by 62.3% during the 3rd quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock valued at $55,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

Amazon.com Stock Performance

AMZN opened at $200.95 on Tuesday. The firm’s fifty day simple moving average is $215.66 and its two-hundred day simple moving average is $224.87. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The company has a market cap of $2.16 trillion, a price-to-earnings ratio of 28.03, a PEG ratio of 1.49 and a beta of 1.40. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.16.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The company had revenue of $213.39 billion for the quarter, compared to analysts’ expectations of $211.02 billion. During the same period in the prior year, the firm earned $1.86 EPS. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMZN. Needham & Company LLC reissued a “buy” rating and set a $265.00 price target on shares of Amazon.com in a report on Tuesday, March 17th. Wedbush cut their price objective on shares of Amazon.com from $340.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, February 6th. New Street Research decreased their price objective on shares of Amazon.com from $285.00 to $280.00 and set a “buy” rating for the company in a research report on Monday. Daiwa Securities Group lowered their target price on shares of Amazon.com from $300.00 to $280.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Finally, Benchmark restated a “buy” rating on shares of Amazon.com in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $286.57.

Check Out Our Latest Research Report on Amazon.com

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 10,649 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the completion of the sale, the senior vice president directly owned 41,190 shares in the company, valued at approximately $8,461,661.70. The trade was a 20.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 1,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $204.25, for a total value of $204,250.00. Following the transaction, the chief executive officer directly owned 521,361 shares of the company’s stock, valued at $106,487,984.25. The trade was a 0.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 71,686 shares of company stock worth $14,688,739 in the last quarter. 10.80% of the stock is owned by insiders.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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

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