First Community Trust NA Acquires 1,410 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Mar 20th, 2023

First Community Trust NA grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 21.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,038 shares of the e-commerce giant’s stock after buying an additional 1,410 shares during the quarter. First Community Trust NA’s holdings in Amazon.com were worth $675,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fiduciary Planning LLC raised its position in Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 5 shares in the last quarter. HBC Financial Services PLLC raised its holdings in shares of Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after purchasing an additional 5 shares during the period. Meridian Investment Counsel Inc. lifted its stake in Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after purchasing an additional 5 shares during the last quarter. Alterna Wealth Management Inc. grew its holdings in Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after purchasing an additional 5 shares during the period. Finally, Archetype Wealth Partners increased its position in Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after buying an additional 6 shares during the last quarter. 57.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMZN. The Goldman Sachs Group reduced their target price on Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, January 13th. Cowen lifted their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Piper Sandler increased their price objective on shares of Amazon.com from $119.00 to $123.00 and gave the company an “overweight” rating in a research report on Friday, February 3rd. Tigress Financial reaffirmed a “buy” rating and set a $192.00 target price on shares of Amazon.com in a report on Thursday, February 9th. Finally, Benchmark upped their price target on shares of Amazon.com from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $144.72.

Insiders Place Their Bets

In related news, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the transaction, the chief executive officer now 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 can be accessed through this hyperlink. In other news, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 124,180 shares in the company, valued at $13,837,377.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,394 shares of company stock worth $6,994,626. 12.70% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $98.95 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $1.01 trillion, a PE ratio of -366.48, a P/E/G ratio of 4.11 and a beta of 1.25. The firm has a fifty day simple moving average of $97.01 and a 200 day simple moving average of $101.35. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). The business had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $1.39 earnings per share. On average, sell-side analysts forecast that Amazon.com, Inc. will post 1.33 EPS for the current year.

About Amazon.com

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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.

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

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