14,160 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Acquired by Family Capital Trust Co

Key Points

• Family Capital Trust Co has acquired 14,160 shares of Amazon.com, Inc., valued at approximately $2.69 million, making it the 26th largest position in their investment portfolio.
• Recent analyst reports have issued a range of target prices for Amazon, with a consensus average target of $254.33 and a predominant rating of "Moderate Buy."
• Insider Jeffrey P. Bezos sold over 2.64 million shares of Amazon stock in July, a transaction valued at over $609 million, reducing his ownership by 0.30%.

Family Capital Trust Co bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,160 shares of the e-commerce giant's stock, valued at approximately $2,694,000. Amazon.com comprises approximately 1.0% of Family Capital Trust Co's investment portfolio, making the stock its 26th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Western Wealth Management LLC lifted its stake in shares of Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after acquiring an additional 1,297 shares during the last quarter. Momentous Wealth Management Inc. bought a new position in shares of Amazon.com in the 4th quarter valued at $749,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Amazon.com in the 1st quarter valued at $514,000. Segall Bryant & Hamill LLC lifted its stake in shares of Amazon.com by 14.3% in the 4th 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 during the last quarter. Finally, Bearing Point Capital LLC bought a new position in shares of Amazon.com in the 4th quarter valued at $12,014,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

Shares of Amazon.com stock traded down $1.89 during mid-day trading on Tuesday, hitting $230.90. 8,528,015 shares of the stock were exchanged, compared to its average volume of 43,771,383. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a 50-day simple moving average of $216.19 and a 200 day simple moving average of $208.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market capitalization of $2.45 trillion, a P/E ratio of 37.61, a P/E/G ratio of 1.72 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter last year, the firm earned $0.98 EPS. The company's quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AMZN shares. DA Davidson dropped their price target on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Cantor Fitzgerald increased their price target on Amazon.com from $240.00 to $260.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Oppenheimer raised their target price on Amazon.com from $215.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. JPMorgan Chase & Co. raised their target price on Amazon.com from $240.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Finally, Royal Bank Of Canada lowered their target price on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $255.21.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 25,102,037 shares of company stock worth $5,674,871,223 in the last three months. 9.70% of the stock is currently owned by corporate insiders.

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.