Canandaigua National Bank & Trust Co. Sells 3,901 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Canandaigua National Bank & Trust Co. reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,466 shares of the e-commerce giant's stock after selling 3,901 shares during the quarter. Amazon.com makes up approximately 1.3% of Canandaigua National Bank & Trust Co.'s portfolio, making the stock its 14th largest position. Canandaigua National Bank & Trust Co.'s holdings in Amazon.com were worth $13,485,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Icon Wealth Advisors LLC grew its stake in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after purchasing an additional 25,581 shares in the last quarter. PayPay Securities Corp lifted its holdings in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after buying an additional 64 shares during the last quarter. Hoese & Co LLP bought a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com in the third quarter worth approximately $45,000. Finally, Values First Advisors Inc. bought a new position in Amazon.com during the third quarter valued at approximately $56,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Up 2.4 %

Amazon.com stock traded up $5.28 during mid-day trading on Monday, hitting $225.94. The stock had a trading volume of 42,097,354 shares, compared to its average volume of 27,997,364. The stock has a 50-day simple moving average of $217.91 and a two-hundred day simple moving average of $196.27. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.38 trillion, a PE ratio of 48.38, a P/E/G ratio of 1.22 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $233.00.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its 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 analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 5.38 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 3,500 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares in the company, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Company insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent research reports. Needham & Company LLC reissued a "buy" rating and issued a $250.00 target price on shares of Amazon.com in a research report on Tuesday, December 10th. Royal Bank of Canada increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. UBS Group boosted their price target on Amazon.com from $230.00 to $264.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Oppenheimer increased their price objective on Amazon.com from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Pivotal Research started coverage on Amazon.com in a report on Friday, October 11th. They issued a "buy" rating and a $260.00 target price for the company. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.