Coastline Trust Co Acquires 7,399 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Coastline Trust Co increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,876 shares of the e-commerce giant's stock after purchasing an additional 7,399 shares during the quarter. Amazon.com comprises about 3.3% of Coastline Trust Co's portfolio, making the stock its 7th biggest position. Coastline Trust Co's holdings in Amazon.com were worth $28,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Curi RMB Capital LLC increased its position in Amazon.com by 3.8% in the fourth quarter. Curi RMB Capital LLC now owns 481,160 shares of the e-commerce giant's stock worth $105,562,000 after purchasing an additional 17,710 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Amazon.com by 3.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 28,863,592 shares of the e-commerce giant's stock worth $6,333,076,000 after buying an additional 1,050,782 shares during the period. Dnca Finance raised its stake in shares of Amazon.com by 17.9% during the fourth quarter. Dnca Finance now owns 120,050 shares of the e-commerce giant's stock worth $26,338,000 after buying an additional 18,200 shares during the last quarter. Elevatus Welath Management lifted its holdings in Amazon.com by 3.1% in the fourth quarter. Elevatus Welath Management now owns 67,625 shares of the e-commerce giant's stock valued at $14,836,000 after buying an additional 2,048 shares during the period. Finally, First Trust Advisors LP boosted its stake in Amazon.com by 15.4% in the fourth quarter. First Trust Advisors LP now owns 5,288,837 shares of the e-commerce giant's stock valued at $1,160,318,000 after acquiring an additional 706,849 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

AMZN has been the subject of several recent research reports. Wells Fargo & Company dropped their target price on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. Barclays dropped their price objective on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. StockNews.com lowered shares of Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Evercore ISI decreased their price target on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Jefferies Financial Group lowered their price objective on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Stock Performance

AMZN stock traded up $0.42 during trading hours on Friday, reaching $205.59. The stock had a trading volume of 43,001,394 shares, compared to its average volume of 41,940,309. The stock has a market capitalization of $2.18 trillion, a PE ratio of 37.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The stock has a 50-day simple moving average of $189.15 and a 200 day simple moving average of $208.40. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

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

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at $26,647,456.60. This represents a 6.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 5,848 shares of Amazon.com stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the sale, the senior vice president now directly owns 69,162 shares of the company's stock, valued at $15,265,436.64. The trade was a 7.80% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,798 shares of company stock worth $17,696,733. Company insiders own 9.70% of the company's stock.

Amazon.com 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.