Indiana Trust & Investment Management Co Has $7.90 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Indiana Trust & Investment Management Co lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 15.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,401 shares of the e-commerce giant's stock after acquiring an additional 5,600 shares during the period. Amazon.com accounts for about 2.7% of Indiana Trust & Investment Management Co's investment portfolio, making the stock its 7th largest position. Indiana Trust & Investment Management Co's holdings in Amazon.com were worth $7,901,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in AMZN. Vanguard Group Inc. increased its position in Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock worth $141,744,609,000 after buying an additional 14,724,687 shares during the period. Swedbank AB acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $2,239,757,000. Capital World Investors grew its holdings in shares of Amazon.com by 64.6% during the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant's stock worth $5,295,899,000 after purchasing an additional 11,524,463 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its holdings in shares of Amazon.com by 13,606.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant's stock worth $759,971,000 after purchasing an additional 3,903,889 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This trade represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now owns 121,461 shares of the company's stock, valued at $21,989,299.44. The trade was a 3.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,053,349 shares of company stock valued at $1,256,503,289 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Down 4.2 %

Shares of AMZN traded down $8.87 during midday trading on Friday, hitting $202.61. The stock had a trading volume of 86,591,144 shares, compared to its average volume of 41,630,348. The company has a 50 day simple moving average of $191.16 and a two-hundred day simple moving average of $185.69. Amazon.com, Inc. has a twelve month low of $139.52 and a twelve month high of $215.90. The firm has a market cap of $2.13 trillion, a price-to-earnings ratio of 43.39, a price-to-earnings-growth ratio of 1.44 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the business posted $0.85 EPS. The company's revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on the company. Jefferies Financial Group boosted their price target on Amazon.com from $225.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Scotiabank boosted their price target on Amazon.com from $245.00 to $246.00 and gave the company a "sector outperform" rating in a research note on Friday, November 1st. Royal Bank of Canada boosted their price target on Amazon.com from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Piper Sandler boosted their price target on Amazon.com from $215.00 to $225.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Finally, Truist Financial boosted their price target on Amazon.com from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $235.45.

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.