Amazon.com, Inc. (NASDAQ:AMZN) is Trust Co. of Toledo NA OH’s 7th Largest Position

Trust Co. of Toledo NA OH lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% in the fourth quarter, Holdings Channel reports. The fund owned 86,248 shares of the e-commerce giant’s stock after purchasing an additional 2,689 shares during the quarter. Amazon.com makes up 2.5% of Trust Co. of Toledo NA OH’s holdings, making the stock its 7th biggest holding. Trust Co. of Toledo NA OH’s holdings in Amazon.com were worth $18,922,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PayPay Securities Corp boosted its stake in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP bought a new position in Amazon.com in the 3rd quarter worth about $37,000. Bull Oak Capital LLC purchased a new position in shares of Amazon.com during the third quarter worth approximately $45,000. Values First Advisors Inc. purchased a new stake in shares of Amazon.com in the third quarter valued at approximately $56,000. Finally, Abich Financial Wealth Management LLC increased its position in Amazon.com by 84.7% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock valued at $84,000 after purchasing an additional 199 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AMZN shares. JPMorgan Chase & Co. lifted their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Moffett Nathanson boosted their price target on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Rosenblatt Securities raised their price objective on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Robert W. Baird boosted their target price on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Scotiabank lifted their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $247.72.

Amazon.com Trading Up 1.9 %

Shares of AMZN stock opened at $235.01 on Thursday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $235.44. The firm’s 50 day moving average price is $218.73 and its two-hundred day moving average price is $196.68. The stock has a market cap of $2.47 trillion, a price-to-earnings ratio of 50.32, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) 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 company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the firm posted $0.85 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts anticipate that Amazon.com, Inc. will post 5.39 EPS for the current year.

Insider Activity

In related news, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Company Profile

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.