(TickerReport) – Capital City Trust Co. FL lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,324 shares of the e-commerce giant’s stock after purchasing an additional 23 shares during the period. Amazon.com comprises about 2.7% of Capital City Trust Co. FL’s holdings, making the stock its 5th largest holding. Capital City Trust Co. FL’s holdings in Amazon.com were worth $7,318,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. DRH Investments Inc. boosted its holdings in Amazon.com by 5.1% in the second quarter. DRH Investments Inc. now owns 6,207 shares of the e-commerce giant’s stock valued at $17,124,000 after purchasing an additional 300 shares during the period. Legacy Advisors LLC boosted its holdings in Amazon.com by 23.3% in the second quarter. Legacy Advisors LLC now owns 1,038 shares of the e-commerce giant’s stock valued at $2,864,000 after purchasing an additional 196 shares during the period. Comerica Bank boosted its holdings in Amazon.com by 6.4% in the second quarter.
Comerica Bank now owns 88,908 shares of the e-commerce giant’s stock valued at $275,606,000 after purchasing an additional 5,326 shares during the period. Morningstar Investment Services LLC boosted its holdings in Amazon.com by 4.2% in the second quarter. Morningstar Investment Services LLC now owns 22,214 shares of the e-commerce giant’s stock valued at $59,541,000 after purchasing an additional 888 shares during the period. Finally, Kore Private Wealth LLC boosted its holdings in Amazon.com by 13.9% in the second quarter. Kore Private Wealth LLC now owns 6,101 shares of the e-commerce giant’s stock valued at $16,831,000 after purchasing an additional 743 shares during the period. Hedge funds and other institutional investors own 57.32% of the company’s stock.
In other news, CFO Brian T. Olsavsky sold 1,377 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $3,173.12, for a total transaction of $4,369,386.24. Following the sale, the chief financial officer now owns 2,638 shares of the company’s stock, valued at approximately $8,370,690.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey P. Bezos sold 97,654 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $3,150.09, for a total value of $307,618,888.86. Following the sale, the chief executive officer now directly owns 54,583,923 shares in the company, valued at approximately $171,944,270,003.07. The disclosure for this sale can be found here. Insiders have sold a total of 102,815 shares of company stock worth $324,095,003 in the last three months. Corporate insiders own 16.10% of the company’s stock.
Shares of NASDAQ:AMZN opened at $3,204.40 on Monday. The business’s 50 day simple moving average is $3,177.91 and its 200-day simple moving average is $2,848.15. The firm has a market capitalization of $1,605.05 billion, a price-to-earnings ratio of 123.20, a price-to-earnings-growth ratio of 3.34 and a beta of 1.35. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.18 and a quick ratio of 0.97. Amazon.com, Inc. has a 12 month low of $1,626.03 and a 12 month high of $3,552.25.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $8.56. The business had revenue of $88.91 billion for the quarter, compared to analyst estimates of $81.56 billion. Amazon.com had a return on equity of 20.47% and a net margin of 4.10%. On average, equities analysts anticipate that Amazon.com, Inc. will post 31.65 earnings per share for the current year.
A number of analysts have issued reports on the company. BMO Capital Markets lifted their price target on Amazon.com from $2,850.00 to $3,500.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Wedbush lifted their price target on Amazon.com from $3,500.00 to $3,700.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Telsey Advisory Group lifted their price target on Amazon.com from $3,600.00 to $4,000.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Citigroup lifted their price target on Amazon.com from $2,700.00 to $3,550.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, SVB Leerink assumed coverage on Amazon.com in a report on Friday, July 24th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and forty-seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $3,494.32.
Amazon.com Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
