Spinnaker Trust Buys 1,355 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Spinnaker Trust lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,733 shares of the e-commerce giant's stock after buying an additional 1,355 shares during the period. Amazon.com comprises about 0.9% of Spinnaker Trust's portfolio, making the stock its 22nd biggest holding. Spinnaker Trust's holdings in Amazon.com were worth $13,838,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Westside Investment Management Inc. increased its holdings in Amazon.com by 1.1% in the 1st quarter. Westside Investment Management Inc. now owns 54,115 shares of the e-commerce giant's stock worth $10,324,000 after purchasing an additional 610 shares in the last quarter. Nicholson Meyer Capital Management Inc. acquired a new position in Amazon.com in the 1st quarter worth about $1,201,000. Nabity Jensen Investment Management Inc grew its stake in shares of Amazon.com by 1.4% in the first quarter. Nabity Jensen Investment Management Inc now owns 8,890 shares of the e-commerce giant's stock worth $1,691,000 after purchasing an additional 121 shares during the last quarter. Argent Advisors Inc. grew its stake in shares of Amazon.com by 697.6% in the first quarter. Argent Advisors Inc. now owns 11,797 shares of the e-commerce giant's stock worth $2,244,000 after purchasing an additional 10,318 shares during the last quarter. Finally, Valley National Advisers Inc. grew its stake in shares of Amazon.com by 2.0% in the first quarter. Valley National Advisers Inc. now owns 35,749 shares of the e-commerce giant's stock worth $6,801,000 after purchasing an additional 705 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated Friday, July 11th. The stock was 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 directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 25,102,037 shares of company stock worth $5,674,871,223 in the last three months. 10.80% of the stock is owned by insiders.

Amazon.com Stock Up 0.6%

AMZN stock traded up $1.35 during trading on Monday, reaching $232.79. The stock had a trading volume of 26,233,111 shares, compared to its average volume of 35,876,868. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. 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 company's 50 day moving average is $216.19 and its two-hundred day moving average is $208.82. The company has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 37.91, a P/E/G ratio of 1.72 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly 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 business had revenue of $155.67 billion for the quarter, compared to analyst estimates 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 last year, the company posted $0.98 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

AMZN has been the topic of several analyst reports. BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. JMP Securities increased their price target on Amazon.com from $250.00 to $285.00 and gave the company a "market outperform" rating in a research note on Thursday, July 10th. Benchmark reissued a "buy" rating and issued a $260.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. BNP Paribas Exane raised Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a research note on Friday, June 27th. Finally, HSBC increased their price target on Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong 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 target price of $254.71.

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.