Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,492 shares of the e-commerce giant's stock after selling 1,360 shares during the period. Amazon.com accounts for about 2.4% of Canandaigua National Trust Co of Florida's holdings, making the stock its 10th biggest position. Canandaigua National Trust Co of Florida's holdings in Amazon.com were worth $2,757,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AMZN. Cable Hill Partners LLC grew its position in shares of Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after buying an additional 44 shares during the period. Northern Capital Management Inc. lifted its stake in Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after acquiring an additional 45 shares during the period. Balanced Wealth Group LLC lifted its stake in Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after acquiring an additional 48 shares during the period. ETF Store Inc. lifted its stake in Amazon.com by 2.1% during the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock valued at $522,000 after acquiring an additional 48 shares during the period. Finally, TD Capital Management LLC lifted its stake in Amazon.com by 1.6% during the 4th quarter. TD Capital Management LLC now owns 3,058 shares of the e-commerce giant's stock valued at $671,000 after acquiring an additional 49 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 25,102,037 shares of company stock worth $5,674,871,223 in the last quarter. 9.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMZN. Royal Bank Of Canada lowered their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Bank of America upped their price target on shares of Amazon.com from $248.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Finally, BMO Capital Markets increased their target price on shares of Amazon.com from $233.00 to $270.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $254.33.

Amazon.com Price Performance

AMZN traded down $0.79 during trading on Friday, reaching $231.44. 28,649,591 shares of the stock were exchanged, compared to its average volume of 40,402,120. The business's 50 day moving average price is $215.66 and its two-hundred day moving average price is $208.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 37.69, a P/E/G ratio of 1.72 and a beta of 1.33. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

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 analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 earnings per share. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Company 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.