Crews Bank & Trust Acquires Shares of 22,775 Amazon.com, Inc. (NASDAQ:AMZN)

Crews Bank & Trust bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 22,775 shares of the e-commerce giant's stock, valued at approximately $4,997,000. Amazon.com comprises about 0.8% of Crews Bank & Trust's investment portfolio, making the stock its 23rd biggest holding.

A number of other hedge funds also recently made changes to their positions in the business. Capital Investment Advisory Services LLC grew its position in Amazon.com by 1.5% during the fourth quarter. Capital Investment Advisory Services LLC now owns 94,571 shares of the e-commerce giant's stock valued at $20,748,000 after buying an additional 1,362 shares during the period. Palmer Knight Co boosted its stake in Amazon.com by 0.4% in the fourth quarter. Palmer Knight Co now owns 49,939 shares of the e-commerce giant's stock valued at $10,956,000 after acquiring an additional 208 shares during the last quarter. Busey Bank grew its position in shares of Amazon.com by 0.8% during the 4th quarter. Busey Bank now owns 550,726 shares of the e-commerce giant's stock valued at $120,824,000 after acquiring an additional 4,285 shares during the period. Stordahl Capital Management Inc. increased its stake in shares of Amazon.com by 7.2% during the 4th quarter. Stordahl Capital Management Inc. now owns 2,961 shares of the e-commerce giant's stock worth $650,000 after purchasing an additional 198 shares during the last quarter. Finally, Abel Hall LLC raised its holdings in shares of Amazon.com by 8.8% in the 4th quarter. Abel Hall LLC now owns 10,309 shares of the e-commerce giant's stock worth $2,262,000 after purchasing an additional 837 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 2.8 %

Shares of AMZN traded down $6.30 during trading hours on Friday, hitting $216.58. The company had a trading volume of 55,147,843 shares, compared to its average volume of 35,392,852. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock's 50 day moving average price is $228.10 and its 200 day moving average price is $203.58. The firm has a market cap of $2.30 trillion, a P/E ratio of 39.16, a P/E/G ratio of 1.57 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping 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%. On average, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the company'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 transaction, the director now owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,852 shares of company stock worth $9,324,151 in the last three months. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AMZN. Phillip Securities lowered Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Evercore ISI lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Sanford C. Bernstein boosted their price objective on Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. UBS Group increased their target price on shares of Amazon.com from $230.00 to $264.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Finally, TD Cowen boosted their price target on shares of Amazon.com from $240.00 to $265.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Two investment 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 data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $260.74.

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.