American Trust Has $6.47 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
American Trust lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,722 shares of the e-commerce giant's stock after selling 1,355 shares during the period. Amazon.com accounts for approximately 0.5% of American Trust's portfolio, making the stock its 27th largest position. American Trust's holdings in Amazon.com were worth $6,470,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in Amazon.com by 20,897.2% in the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant's stock valued at $72,921,080,000 after purchasing an additional 38,949,065 shares during the last quarter. Parnassus Investments LLC lifted its position in shares of Amazon.com by 82,457.3% during the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant's stock worth $2,125,148,000 after buying an additional 11,391,479 shares during the last quarter. State Street Corp boosted its holdings in shares of Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after buying an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Amazon.com by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock valued at $37,116,341,000 after buying an additional 6,545,944 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its stake in Amazon.com by 13,606.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant's stock worth $759,971,000 after acquiring an additional 3,903,889 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.
In other news, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the transaction, the chief executive officer now directly owns 518,911 shares in the company, valued at $106,797,072.91. This represents a 1.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the sale, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company's stock.
Several equities analysts have issued reports on AMZN shares. BMO Capital Markets restated an "outperform" rating and issued a $236.00 price objective on shares of Amazon.com in a research note on Tuesday, December 3rd. Needham & Company LLC reissued a "buy" rating and issued a $250.00 target price on shares of Amazon.com in a research report on Tuesday, December 10th. Monness Crespi & Hardt lifted their price target on Amazon.com from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Loop Capital boosted their price objective on Amazon.com from $225.00 to $275.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, Moffett Nathanson raised their target price on shares of Amazon.com from $235.00 to $248.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $245.65.
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Shares of AMZN stock opened at $225.94 on Friday. The company has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 48.38, a PEG ratio of 1.22 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $217.56 and a 200 day moving average price of $196.10. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $233.00.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. The company's revenue was up 11.0% on a year-over-year basis. Research analysts forecast that Amazon.com, Inc. will post 5.38 earnings per share for the current fiscal year.
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.
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