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Trust Co. of Vermont Purchases 5,199 Shares of Amazon.com, Inc. $AMZN

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Key Points

  • Trust Co. of Vermont raised its Amazon stake by 1.6%, adding 5,199 shares to hold 323,315 shares (3.1% of its holdings), worth about $74.63 million and making AMZN its fourth-largest position.
  • Analysts are broadly constructive on Amazon with a consensus "Moderate Buy" rating and an average price target of $287.39, while several firms recently lifted targets (e.g., Tigress $315, Wells Fargo $305, Goldman $300).
  • Insider activity shows net selling: CEO Andy Jassy sold 19,872 shares and insiders sold 72,686 shares worth roughly $14.9 million in the last quarter, with insiders owning about 9.7% of the stock.
  • Five stocks we like better than Amazon.com.

Trust Co. of Vermont lifted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 323,315 shares of the e-commerce giant's stock after acquiring an additional 5,199 shares during the period. Amazon.com accounts for 3.1% of Trust Co. of Vermont's holdings, making the stock its 4th largest position. Trust Co. of Vermont's holdings in Amazon.com were worth $74,628,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AMZN. Fairway Wealth LLC raised its position in Amazon.com by 113.2% in the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant's stock valued at $25,000 after purchasing an additional 60 shares during the period. Sellwood Investment Partners LLC purchased a new stake in Amazon.com in the third quarter valued at $27,000. Bridge Generations Wealth Management LLC raised its holdings in shares of Amazon.com by 2,330.0% in the 3rd quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant's stock valued at $53,000 after buying an additional 233 shares during the period. Cooksen Wealth LLC raised its holdings in shares of Amazon.com by 23.5% in the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant's stock valued at $54,000 after buying an additional 47 shares during the period. Finally, PayPay Securities Corp raised its holdings in shares of Amazon.com by 62.3% in the 3rd quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant's stock valued at $55,000 after buying an additional 96 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Amazon.com from $304.00 to $305.00 and gave the company an "overweight" rating in a report on Thursday, April 2nd. The Goldman Sachs Group boosted their price objective on Amazon.com from $290.00 to $300.00 and gave the company a "buy" rating in a report on Wednesday, January 14th. Evercore reiterated an "outperform" rating on shares of Amazon.com in a report on Thursday. Telsey Advisory Group reiterated an "outperform" rating and issued a $300.00 price objective on shares of Amazon.com in a report on Friday, February 6th. Finally, Tigress Financial upped their price target on Amazon.com from $305.00 to $315.00 and gave the stock a "buy" rating in a report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $287.39.

View Our Latest Analysis on AMZN

Amazon.com Trading Up 2.0%

Shares of NASDAQ:AMZN opened at $238.38 on Friday. Amazon.com, Inc. has a 52 week low of $165.29 and a 52 week high of $258.60. The company's 50 day moving average is $211.96 and its two-hundred day moving average is $224.15. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The company has a market cap of $2.56 trillion, a PE ratio of 33.25, a P/E/G ratio of 1.79 and a beta of 1.38.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing analysts' consensus estimates of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The firm had revenue of $213.39 billion during the quarter, compared to analysts' expectations of $211.02 billion. During the same period in the prior year, the company posted $1.86 earnings per share. The company's revenue for the quarter was up 13.6% on a year-over-year basis. Equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $205.18, for a total value of $4,077,336.96. Following the transaction, the chief executive officer owned 2,238,118 shares in the company, valued at approximately $459,217,051.24. This represents a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $205.90, for a total value of $554,900.50. Following the completion of the transaction, the vice president owned 119,780 shares in the company, valued at approximately $24,662,702. The trade was a 2.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 72,686 shares of company stock worth $14,899,239. 9.70% of the stock is currently owned by company insiders.

Key Headlines Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon's online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Read More

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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