Central Bank & Trust Co. Cuts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Central Bank & Trust Co. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,085 shares of the e-commerce giant’s stock after selling 1,384 shares during the period. Amazon.com makes up 2.2% of Central Bank & Trust Co.’s portfolio, making the stock its 9th biggest position. Central Bank & Trust Co.’s holdings in Amazon.com were worth $15,863,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the 4th quarter valued at about $30,000. Clarity Asset Management Inc. bought a new stake in Amazon.com in the 4th quarter valued at approximately $46,000. Steph & Co. bought a new stake in Amazon.com in the 1st quarter valued at approximately $65,000. Koesten Hirschmann & Crabtree INC. bought a new stake in Amazon.com in the 1st quarter valued at approximately $69,000. Finally, Advantage Trust Co bought a new stake in Amazon.com in the 4th quarter valued at approximately $68,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $171.39 on Friday. The stock has a fifty day moving average price of $181.10 and a 200-day moving average price of $181.19. The company has a market cap of $1.78 trillion, a price-to-earnings ratio of 48.01, a PEG ratio of 1.34 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. As a group, equities analysts anticipate that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Insider Activity

In other news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the completion of the sale, the insider now directly owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The disclosure for this sale can be found here. In the last three months, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. 10.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AMZN has been the topic of several research reports. UBS Group boosted their target price on Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. JMP Securities boosted their target price on Amazon.com from $245.00 to $265.00 and gave the company a “market outperform” rating in a research note on Tuesday. Robert W. Baird boosted their target price on Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research note on Friday, June 21st. Roth Mkm boosted their target price on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group lowered their price target on Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $222.49.

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.