Argent Trust Co Purchases 6,518 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Argent Trust Co grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 232,609 shares of the e-commerce giant's stock after acquiring an additional 6,518 shares during the quarter. Amazon.com comprises 2.1% of Argent Trust Co's portfolio, making the stock its 4th biggest position. Argent Trust Co's holdings in Amazon.com were worth $51,032,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Momentous Wealth Management Inc. purchased a new stake in shares of Amazon.com during the 4th quarter valued at about $749,000. Rench Wealth Management Inc. boosted its holdings in Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock worth $9,392,000 after acquiring an additional 3,703 shares during the period. Segall Bryant & Hamill LLC grew its position in Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after acquiring an additional 39,696 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after purchasing an additional 2,196,353 shares during the period. Finally, Blankinship & Foster LLC lifted its position in shares of Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock worth $1,291,000 after purchasing an additional 4,740 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $190.67, for a total value of $476,675.00. Following the transaction, the chief executive officer now owns 506,974 shares of the company's stock, valued at approximately $96,664,732.58. This trade represents a 0.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 107,298 shares of company stock worth $23,818,478 over the last quarter. 9.70% of the stock is currently owned by company insiders.

Amazon.com Trading Up 1.8 %

NASDAQ:AMZN opened at $192.08 on Friday. The stock has a market cap of $2.04 trillion, a price-to-earnings ratio of 34.73, a PEG ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The business has a fifty day moving average of $188.71 and a 200-day moving average of $207.77.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. Amazon.com's revenue was up 8.6% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several analyst reports. The Goldman Sachs Group dropped their price target on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Stifel Nicolaus dropped their target price on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. HSBC increased their price target on Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a report on Monday, January 13th. Citigroup restated an "outperform" rating on shares of Amazon.com in a report on Friday, May 2nd. Finally, Truist Financial reduced their target price on Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

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.

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