Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lessened by Farmers & Merchants Trust Co of Chambersburg PA

Farmers & Merchants Trust Co of Chambersburg PA decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,129 shares of the e-commerce giant’s stock after selling 1,598 shares during the quarter. Amazon.com accounts for approximately 1.3% of Farmers & Merchants Trust Co of Chambersburg PA’s holdings, making the stock its 26th largest position. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Amazon.com were worth $2,603,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Mayflower Financial Advisors LLC lifted its holdings in shares of Amazon.com by 0.3% in the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 572 shares during the period. PayPay Securities Corp lifted its holdings in shares of Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares during the period. Laurel Wealth Planning LLC lifted its holdings in shares of Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 304 shares during the period. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Amazon.com during the fourth quarter valued at $37,000. Finally, Swaine & Leidel Wealth Services LLC purchased a new stake in shares of Amazon.com during the first quarter valued at $38,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the sale, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The disclosure for this sale can be found here. Insiders sold 32,213,510 shares of company stock worth $5,505,798,456 in the last 90 days. 12.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AMZN. Canaccord Genuity Group upped their target price on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus upped their target price on Amazon.com from $200.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their target price on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Bank of America upped their target price on Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Mizuho upped their target price on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $202.80.

Amazon.com Price Performance

Shares of AMZN stock opened at $179.22 on Friday. The stock has a 50 day moving average of $177.28 and a two-hundred day moving average of $156.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77. The company has a market capitalization of $1.86 trillion, a P/E ratio of 61.80, a P/E/G ratio of 1.60 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the company earned $0.21 EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 4.08 EPS for the current year.

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.