Legacy Trust Has $7.31 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Legacy Trust boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 38,433 shares of the e-commerce giant’s stock after purchasing an additional 824 shares during the period. Amazon.com accounts for approximately 1.8% of Legacy Trust’s portfolio, making the stock its 20th largest position. Legacy Trust’s holdings in Amazon.com were worth $7,312,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management bought a new position in Amazon.com in the 4th quarter valued at $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 shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $223.30 on Friday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm has a 50-day moving average price of $202.26 and a two-hundred day moving average price of $209.01. The company has a market capitalization of $2.37 trillion, a P/E ratio of 36.37, a P/E/G ratio of 1.64 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN) 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 company had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. Analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total transaction of $512,450.00. Following the sale, the chief executive officer now directly owns 517,050 shares of the company’s stock, valued at approximately $105,984,909. The trade was a 0.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the transaction, the chief executive officer now owns 2,148,694 shares of the company’s stock, valued at $432,532,102.20. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock worth $20,531,075 over the last three months. Insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AMZN shares. BNP Paribas upgraded Amazon.com to a “hold” rating in a report on Wednesday, April 30th. DA Davidson decreased their price target on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 14th. Mizuho lowered their target price on Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Jefferies Financial Group dropped their price target on Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Four equities research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $245.81.

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.