Amazon.com, Inc. (NASDAQ:AMZN) is Community Trust & Investment Co.'s 5th Largest Position

Community Trust & Investment Co. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 341,800 shares of the e-commerce giant's stock after buying an additional 3,628 shares during the quarter. Amazon.com comprises approximately 4.2% of Community Trust & Investment Co.'s holdings, making the stock its 5th largest position. Community Trust & Investment Co.'s holdings in Amazon.com were worth $65,031,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AMZN. Cable Hill Partners LLC lifted 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 acquiring an additional 44 shares during the period. Northern Capital Management Inc. lifted its position in shares of Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after acquiring an additional 45 shares during the period. White Wing Wealth Management lifted its position in shares of Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after acquiring an additional 47 shares during the period. Balanced Wealth Group LLC lifted its position in shares of Amazon.com by 1.6% in the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after acquiring an additional 48 shares during the period. Finally, ETF Store Inc. lifted its position in shares of Amazon.com by 2.1% in the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after acquiring an additional 48 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on AMZN shares. Oppenheimer raised their price objective on Amazon.com from $215.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Stifel Nicolaus cut their target price on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the stock an "outperform" rating in a research report on Tuesday. Finally, Raymond James Financial restated an "outperform" rating and set a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $245.60.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total value of $2,746,703.70. Following the sale, the senior vice president directly owned 47,030 shares in the company, valued at $9,519,342.30. The trade was a 22.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the sale, the vice president owned 119,780 shares in the company, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,426,963 shares of company stock worth $757,297,707. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

NASDAQ AMZN traded up $3.21 on Friday, reaching $223.13. The company had a trading volume of 29,632,353 shares, compared to its average volume of 42,018,920. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $2.37 trillion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. The firm's 50 day moving average price is $206.44 and its 200 day moving average price is $208.70. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month 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 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $154.96 billion. During the same period in the previous year, the firm posted $0.98 EPS. The business's quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts predict 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.