Amazon.com, Inc. (NASDAQ:AMZN) Holdings Boosted by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 314,679 shares of the e-commerce giant's stock after purchasing an additional 2,843 shares during the period. Amazon.com comprises 1.9% of Sanibel Captiva Trust Company Inc.'s investment portfolio, making the stock its 10th largest holding. Sanibel Captiva Trust Company Inc.'s holdings in Amazon.com were worth $58,634,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Chapin Davis Inc. lifted its stake in shares of Amazon.com by 0.9% in the first quarter. Chapin Davis Inc. now owns 33,379 shares of the e-commerce giant's stock worth $6,021,000 after acquiring an additional 289 shares during the period. Mirador Capital Partners LP lifted its stake in Amazon.com by 2.8% in the first quarter. Mirador Capital Partners LP now owns 94,941 shares of the e-commerce giant's stock valued at $17,125,000 after buying an additional 2,600 shares during the period. Aviance Capital Partners LLC lifted its stake in Amazon.com by 194.2% in the first quarter. Aviance Capital Partners LLC now owns 122,251 shares of the e-commerce giant's stock valued at $22,052,000 after buying an additional 80,701 shares during the period. Caerus Investment Advisors LLC lifted its stake in Amazon.com by 5.2% in the first quarter. Caerus Investment Advisors LLC now owns 4,856 shares of the e-commerce giant's stock valued at $876,000 after buying an additional 239 shares during the period. Finally, Diversified Trust Co lifted its stake in Amazon.com by 10.3% in the first quarter. Diversified Trust Co now owns 239,052 shares of the e-commerce giant's stock valued at $43,120,000 after buying an additional 22,302 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on AMZN shares. Oppenheimer boosted their price target on Amazon.com from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Truist Financial boosted their price objective on Amazon.com from $265.00 to $270.00 and gave the company a "buy" rating in a report on Friday, November 1st. DA Davidson restated a "buy" rating and set a $235.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. Piper Sandler boosted their price objective on Amazon.com from $215.00 to $225.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Finally, Wolfe Research began coverage on Amazon.com in a report on Tuesday, July 16th. They set an "outperform" rating and a $250.00 price objective for the company. Two research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $234.55.

Amazon.com Stock Performance

Shares of AMZN stock traded up $7.59 on Wednesday, hitting $207.09. 72,208,850 shares of the stock were exchanged, compared to its average volume of 41,410,465. Amazon.com, Inc. has a one year low of $139.52 and a one year high of $207.55. The firm's 50 day moving average is $186.48 and its two-hundred day moving average is $184.23. 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 firm has a market capitalization of $2.17 trillion, a PE ratio of 44.34, a P/E/G ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping 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 business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the company earned $0.85 EPS. The firm's revenue was up 11.0% compared to the same quarter last year. Sell-side analysts expect that Amazon.com, Inc. will post 4.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company's stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,859 shares of company stock worth $10,215,097 in the last quarter. 10.80% of the stock is owned by company insiders.

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.