Trust Co. of Virginia VA Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Trust Co. of Virginia VA lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report ) by 1.2% in the 1st quarter, according to its latest Form 13F filing with the SEC. The institutional investor held 88,442 shares of the e-commerce giant after selling 1,030 shares during the period. Amazon.com makes up about 1.5% of Trust Co. of Virginia VA’s investment portfolio, making the stock the 19th largest. Trust Co. of Virginia VA’s stake in Amazon.com was worth $15,953,000, according to its latest Form 13F filing with the SEC.

Several other hedge funds also bought and sold AMZN shares. ShoreHaven Wealth Partners LLC increased its position in Amazon.com shares by 1.9% in the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after purchasing an additional 60 shares in the last quarter. O Dell Group LLC increased its position in Amazon.com by 0.5% in the fourth quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock worth $2,064,000 after purchasing an additional 61 shares in the last quarter. Measured Wealth Private Client Group LLC increased its stake in Amazon.com shares by 2.5% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock worth $389,000 after acquiring an additional 62 shares during the period. Ballew Advisors Inc increased its holdings in shares of Amazon.com by 1.5% in the 1st quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock worth $790,000 after acquiring an additional 62 shares in the last quarter. Finally, Socha Financial Group LLC increased its holdings in shares of Amazon.com by 3.3% in the 4th quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after acquiring an additional 63 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $200.00 on Friday. The company has a 50-day simple moving average of $185.99 and a 2-hundred-day simple moving average of $174.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The stock has a market capitalization of $2.08 trillion, a P/E ratio of 56.02, a PEG ratio of 1.41 and a beta of 1.15. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $200.55.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter last year, the company reported $0.31 earnings per share. The company’s revenue increased 12.5% ​​compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Wall Street analysts predict growth

Several brokerage firms have issued reports on AMZN. Rosenblatt Securities reissued a “buy” rating and set a $220.00 price target on shares of Amazon.com in a research note on Wednesday, May 1. Barclays raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, May 1. Oppenheimer raised their price target on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1. UBS Group raised their price target on shares of Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, May 1. Finally, Truist Financial raised their price target on shares of Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1. One research analyst rated the stock a “hold,” forty-three gave a “buy” rating, and one gave the stock a “strong buy” rating. Amazon.com has an average rating of “Buy” and an average price target of $215.86, according to data from MarketBeat.

Check out our latest stock analysis on AMZN

Insiders are betting

In other news, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction on Tuesday, July 2. The shares were sold at an average price of $200.08, for a total transaction amount of $292,804,474.96. Following the completion of the transaction, the insider now directly owns 935,211,842 shares of the company’s stock, valued at approximately $187,117,185,347.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC’s website . In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 18. The shares were sold at an average price of $181.38, for a total transaction amount of $90,690.00. Following the completion of the transaction, the CEO now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a document filed with the SEC, which is available at this link . Additionally, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction on Tuesday, July 2. The shares were sold at an average price of $200.08, for a total of $292,804,474.96. Following the completion of the sale, the insider now owns 935,211,842 shares of the company’s stock, valued at approximately $187,117,185,347.36. Disclosure of this sale can be found here . Insiders sold a total of 1,532,985 shares of the company’s stock valued at $305,578,679 during the last quarter. Insiders own 10.80% of the stock.

Amazon.com Profile

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

Featured Stories

Get daily news and reviews for Amazon.com – Enter your email address below to receive a concise summary of the latest news and analyst ratings for Amazon.com and related companies in MarketBeat.com’s FREE daily newsletter.