Country Trust Bank Sells 41,778 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Country Trust Bank lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 592,407 shares of the e-commerce giant's stock after selling 41,778 shares during the quarter. Amazon.com comprises approximately 3.2% of Country Trust Bank's investment portfolio, making the stock its 6th largest holding. Country Trust Bank's holdings in Amazon.com were worth $129,968,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Accordant Advisory Group Inc grew its stake in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC lifted its holdings in Amazon.com by 20.5% in the 3rd 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. Hoese & Co LLP purchased a new position in Amazon.com in the 3rd quarter valued at $37,000. Bull Oak Capital LLC purchased a new position in Amazon.com in the 3rd quarter valued at $45,000. Finally, Values First Advisors Inc. purchased a new position in Amazon.com in the 3rd quarter valued at $56,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMZN. The Goldman Sachs Group raised their price objective on Amazon.com from $240.00 to $255.00 and gave the company a "buy" rating in a report on Friday, February 7th. Wedbush reiterated an "outperform" rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, February 7th. Maxim Group lifted their price target on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Morgan Stanley lifted their price target on Amazon.com from $230.00 to $280.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Finally, JMP Securities reissued a "market outperform" rating and set a $285.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $260.74.

Amazon.com Stock Performance

NASDAQ AMZN traded down $6.30 on Friday, reaching $216.58. The stock had a trading volume of 55,147,843 shares, compared to its average volume of 35,339,464. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The business's 50-day moving average price is $227.88 and its 200 day moving average price is $204.26. The stock has a market cap of $2.30 trillion, a P/E ratio of 39.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the transaction, the chief executive officer now owns 524,567 shares of the company's stock, valued at approximately $110,159,070. The trade was a 0.66 % 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, Director Jonathan Rubinstein sold 4,351 shares of the business's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,852 shares of company stock worth $9,324,151. 10.80% of the stock is owned by insiders.

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.