First National Bank of Mount Dora Trust Investment Services Has $2.99 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

First National Bank of Mount Dora Trust Investment Services lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,549 shares of the e-commerce giant’s stock after selling 510 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Amazon.com were worth $2,986,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Kavar Capital Partners Group LLC raised its holdings in Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after buying an additional 79 shares during the period. IFM Investors Pty Ltd increased its holdings in shares of Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after purchasing an additional 13,060 shares during the period. Ironwood Wealth Management LLC. increased its holdings in shares of Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after purchasing an additional 15 shares during the period. Markel Corp increased its holdings in shares of Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after purchasing an additional 550 shares during the period. Finally, Leelyn Smith LLC increased its holdings in shares of Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after purchasing an additional 540 shares during the period. Institutional investors and hedge funds own 57.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AMZN shares. StockNews.com started coverage on Amazon.com in a report on Thursday. They issued a “hold” rating on the stock. Cowen boosted their price target on Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, December 1st. Piper Sandler boosted their price target on Amazon.com from $119.00 to $123.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Benchmark boosted their price target on Amazon.com from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Finally, MKM Partners lowered their price target on Amazon.com from $145.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, January 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $144.72.

Amazon.com Stock Down 1.1 %

AMZN stock opened at $98.95 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83. The business has a 50 day moving average price of $97.01 and a two-hundred day moving average price of $101.72. The company has a market cap of $1.01 trillion, a price-to-earnings ratio of -369.20, a P/E/G ratio of 3.91 and a beta of 1.25.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The business had revenue of $149.20 billion for the quarter, compared to the consensus estimate of $145.72 billion. During the same quarter in the prior year, the firm posted $1.39 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,298 shares in the company, valued at approximately $52,555,952.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the sale, the chief executive officer now directly owns 124,180 shares in the company, valued at approximately $13,837,377.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the sale, the chief executive officer now owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The disclosure for this sale can be found here. In the last three months, insiders sold 71,394 shares of company stock worth $6,994,626. 12.70% of the stock is owned by company insiders.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.