First National Bank of Mount Dora Trust Investment Services raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 39.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,567 shares of the e-commerce giant’s stock after acquiring an additional 444 shares during the quarter. Amazon.com makes up 1.7% of First National Bank of Mount Dora Trust Investment Services’ portfolio, making the stock its 25th biggest holding. First National Bank of Mount Dora Trust Investment Services’ holdings in Amazon.com were worth $4,848,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in AMZN. Advanced Research Investment Solutions LLC purchased a new position in shares of Amazon.com in the fourth quarter worth approximately $26,000. Resolute Partners Group purchased a new stake in shares of Amazon.com in the 4th quarter worth $26,000. Baron Financial Group LLC purchased a new stake in Amazon.com in the third quarter worth about $31,000. Cowa LLC purchased a new position in shares of Amazon.com during the 4th quarter valued at about $32,000. Finally, Tacita Capital Inc bought a new position in shares of Amazon.com during the 4th quarter valued at approximately $39,000. 56.39% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on AMZN. Raymond James raised their price objective on shares of Amazon.com from $3,500.00 to $4,000.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. Bank of America increased their target price on Amazon.com from $3,650.00 to $4,000.00 in a research report on Thursday, January 21st. KeyCorp lifted their target price on Amazon.com from $3,500.00 to $3,700.00 and gave the company an “overweight” rating in a research note on Wednesday, February 3rd. MKM Partners lifted their price objective on shares of Amazon.com from $3,750.00 to $3,975.00 and gave the company a “buy” rating in a research report on Wednesday, February 3rd. Finally, Credit Suisse Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, February 4th. Two research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $3,930.67.
In other news, Director Judith A. Mcgrath sold 340 shares of Amazon.com stock in a transaction on Thursday, February 4th. The stock was sold at an average price of $3,328.35, for a total value of $1,131,639.00. Following the completion of the sale, the director now directly owns 1,984 shares of the company’s stock, valued at $6,603,446.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David H. Clark sold 1,019 shares of the business’s stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $3,257.88, for a total value of $3,319,779.72. Following the completion of the sale, the chief executive officer now owns 1,452 shares in the company, valued at approximately $4,730,441.76. The disclosure for this sale can be found here. 16.10% of the stock is currently owned by company insiders.
Shares of Amazon.com stock traded up $41.30 during trading hours on Thursday, reaching $3,320.69. 41,781 shares of the company’s stock were exchanged, compared to its average volume of 3,599,911. The business has a fifty day moving average of $3,112.50 and a two-hundred day moving average of $3,173.79. The company has a market capitalization of $1.67 trillion, a P/E ratio of 96.03, a price-to-earnings-growth ratio of 2.37 and a beta of 1.19. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 0.40. Amazon.com, Inc. has a 1 year low of $2,011.15 and a 1 year high of $3,552.25.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Monday, February 1st. The e-commerce giant reported $14.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.05 by $7.04. The business had revenue of $125.56 billion during the quarter, compared to the consensus estimate of $119.73 billion. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. The company’s revenue for the quarter was up 43.6% on a year-over-year basis. During the same period last year, the company earned $6.47 EPS. As a group, research analysts predict that Amazon.com, Inc. will post 34.59 EPS for the current year.
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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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