Indiana Trust & Investment Management CO Acquires 1,309 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Indiana Trust & Investment Management CO lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,591 shares of the e-commerce giant’s stock after purchasing an additional 1,309 shares during the quarter. Amazon.com comprises about 2.1% of Indiana Trust & Investment Management CO’s investment portfolio, making the stock its 8th biggest position. Indiana Trust & Investment Management CO’s holdings in Amazon.com were worth $4,648,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after acquiring an additional 32,038,029 shares during the last quarter. State Street Corp boosted its holdings in Amazon.com by 1.0% in the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock valued at $37,272,937,000 after acquiring an additional 3,121,516 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after acquiring an additional 295,880,050 shares during the last quarter. FMR LLC boosted its holdings in Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Amazon.com by 2.9% in the second quarter. Geode Capital Management LLC now owns 170,151,722 shares of the e-commerce giant’s stock valued at $22,116,108,000 after purchasing an additional 4,842,542 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several research reports. Barclays raised their price objective on Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Roth Mkm reissued a “buy” rating and issued a $205.00 price objective on shares of Amazon.com in a research report on Tuesday. Maxim Group initiated coverage on Amazon.com in a research report on Wednesday. They issued a “buy” rating and a $218.00 price objective on the stock. Bank of America raised their price objective on Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Benchmark raised their price objective on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $202.80.

Amazon.com Stock Performance

Shares of AMZN stock opened at $179.22 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average of $177.28 and a two-hundred day moving average of $156.52. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77. The company has a market cap of $1.86 trillion, a P/E ratio of 61.80, a PEG ratio of 1.60 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share. As a group, analysts anticipate that Amazon.com, Inc. will post 4.08 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 20,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the transaction, the chief executive officer now directly owns 514,131 shares in the company, valued at $87,397,128.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the sale, the chief executive officer now owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,213,510 shares of company stock worth $5,505,798,456. Company insiders own 12.30% of the company’s stock.

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.