Canandaigua National Trust Co of Florida Has $3.48 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Canandaigua National Trust Co of Florida increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,852 shares of the e-commerce giant's stock after acquiring an additional 2,022 shares during the period. Amazon.com comprises about 2.7% of Canandaigua National Trust Co of Florida's portfolio, making the stock its 9th largest position. Canandaigua National Trust Co of Florida's holdings in Amazon.com were worth $3,478,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AMZN. State Street Corp grew its stake in shares of Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock worth $66,926,008,000 after acquiring an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC grew its position in Amazon.com by 3.4% in the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares in the last quarter. Legal & General Group Plc increased its stake in Amazon.com by 1.5% in the 2nd 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 buying an additional 1,042,177 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Amazon.com by 3.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant's stock worth $10,776,201,000 after buying an additional 1,984,592 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Amazon.com by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant's stock worth $10,678,217,000 after buying an additional 1,980,663 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the transaction, the insider now directly owns 917,416,976 shares of the company's stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the sale, the director now owns 99,396 shares of the company's stock, valued at $19,864,290.60. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Shares of AMZN traded up $5.28 during midday trading on Monday, hitting $225.94. The company's stock had a trading volume of 42,097,354 shares, compared to its average volume of 27,997,364. The company's fifty day simple moving average is $217.91 and its two-hundred day simple moving average is $196.27. The stock has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 48.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $233.00.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share 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 company 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. Amazon.com's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities analysts expect that Amazon.com, Inc. will post 5.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AMZN shares. Bank of America lifted their target price on Amazon.com from $210.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Maxim Group upped their price objective on Amazon.com from $251.00 to $260.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Evercore ISI increased their price objective on Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Scotiabank boosted their target price on shares of Amazon.com from $245.00 to $246.00 and gave the stock a "sector outperform" rating in a report on Friday, November 1st. Finally, Roth Mkm increased their price target on shares of Amazon.com from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $245.65.

Amazon.com 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.