First National Bank of Mount Dora Trust Investment Services Has $9.40 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

First National Bank of Mount Dora Trust Investment Services grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 97.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,378 shares of the e-commerce giant's stock after purchasing an additional 24,338 shares during the period. Amazon.com comprises approximately 2.3% of First National Bank of Mount Dora Trust Investment Services' holdings, making the stock its 13th biggest holding. First National Bank of Mount Dora Trust Investment Services' holdings in Amazon.com were worth $9,395,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com during the 4th quarter worth about $25,000. Prudent Man Investment Management Inc. acquired a new position in Amazon.com during the 4th quarter worth about $27,000. LSV Asset Management acquired a new position in Amazon.com during the 4th quarter worth about $35,000. Perritt Capital Management Inc lifted its position in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares in the last quarter. Finally, Quattro Financial Advisors LLC lifted its position in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after buying an additional 45 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AMZN. DA Davidson reduced their price target on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. JMP Securities reissued a "market outperform" rating on shares of Amazon.com in a report on Tuesday, May 6th. Tigress Financial boosted their price objective on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Wedbush reissued an "outperform" rating and set a $235.00 price objective (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Finally, Wells Fargo & Company dropped their price objective on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a report on Tuesday, February 25th. 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $245.64.

Amazon.com Stock Performance

Shares of AMZN stock opened at $212.77 on Wednesday. The business's 50-day moving average price is $199.60 and its 200-day moving average price is $209.07. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 34.65, a PEG ratio of 1.57 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the firm posted $0.98 earnings per share. The business's revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the transaction, the chief executive officer now directly owns 2,148,694 shares in the company, valued at $432,532,102.20. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $204.98, for a total value of $512,450.00. Following the transaction, the chief executive officer now owns 517,050 shares of the company's stock, valued at $105,984,909. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,037 shares of company stock valued at $20,531,075. 10.80% 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.

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