Trustmark National Bank Trust Department Sells 2,813 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Trustmark National Bank Trust Department trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,450 shares of the e-commerce giant's stock after selling 2,813 shares during the quarter. Trustmark National Bank Trust Department's holdings in Amazon.com were worth $8,655,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AMZN. Legal & General Group Plc increased its holdings in shares of Amazon.com by 1.5% during the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock valued at $13,466,933,000 after acquiring an additional 1,042,177 shares in the last quarter. Bank of New York Mellon Corp grew its position in Amazon.com by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant's stock worth $13,091,909,000 after purchasing an additional 289,532 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Amazon.com by 3.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 40,973,804 shares of the e-commerce giant's stock valued at $7,917,906,000 after purchasing an additional 1,329,150 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Amazon.com by 20,897.2% in the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant's stock worth $72,921,080,000 after buying an additional 38,949,065 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Amazon.com by 1.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 31,883,977 shares of the e-commerce giant's stock worth $6,161,579,000 after buying an additional 464,938 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the transaction, the insider now owns 914,420,614 shares in the company, valued at $189,056,461,944.50. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock worth $1,253,456,822 in the last quarter. 10.80% of the stock is owned by company insiders.

Analyst Ratings Changes

AMZN has been the topic of several research analyst reports. Stifel Nicolaus boosted their price target on Amazon.com from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $230.00 price target on shares of Amazon.com in a report on Monday, October 7th. Needham & Company LLC reissued a "buy" rating and set a $250.00 price target on shares of Amazon.com in a research report on Tuesday, December 10th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $197.00 price objective on shares of Amazon.com in a report on Wednesday, November 20th. Finally, Wedbush raised their target price on shares of Amazon.com from $225.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $243.00.

Amazon.com Price Performance

Shares of AMZN traded up $0.83 during midday trading on Thursday, reaching $220.22. The stock had a trading volume of 33,843,754 shares, compared to its average volume of 40,988,457. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market capitalization of $2.32 trillion, a P/E ratio of 47.16, a P/E/G ratio of 1.54 and a beta of 1.16. The firm's 50 day moving average price is $211.67 and its 200-day moving average price is $193.59. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week high of $233.00.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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. The company had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm's revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. On average, analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

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.