First American Bank grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 243,816 shares of the e-commerce giant's stock after buying an additional 5,022 shares during the quarter. Amazon.com accounts for approximately 3.4% of First American Bank's holdings, making the stock its 5th largest position. First American Bank's holdings in Amazon.com were worth $46,388,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Cable Hill Partners LLC lifted its position in Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after buying an additional 44 shares in the last quarter. Northern Capital Management Inc. increased its stake in shares of Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after purchasing an additional 45 shares during the last quarter. White Wing Wealth Management increased its stake in shares of Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after purchasing an additional 47 shares during the last quarter. Balanced Wealth Group LLC increased its stake in shares of Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after purchasing an additional 48 shares during the last quarter. Finally, ETF Store Inc. increased its stake in shares of Amazon.com by 2.1% during the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after purchasing an additional 48 shares during the last quarter. 72.20% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, insider Jeffrey P. Bezos sold 384,124 shares of the company's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $224.02, for a total transaction of $86,051,458.48. Following the sale, the insider owned 901,995,325 shares in the company, valued at $202,064,992,706.50. This represents a 0.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president owned 119,780 shares in the company, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,886,613 shares of company stock worth $1,531,840,610. 10.80% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several brokerages have recently commented on AMZN. Raymond James Financial restated an "outperform" rating and set a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Oppenheimer increased their price target on shares of Amazon.com from $215.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Morgan Stanley increased their price target on shares of Amazon.com from $250.00 to $300.00 and gave the stock an "overweight" rating in a research note on Thursday. Cantor Fitzgerald increased their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Finally, Roth Capital set a $250.00 price target on shares of Amazon.com and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $249.42.
Get Our Latest Analysis on Amazon.com
Amazon.com Stock Up 0.3%
NASDAQ AMZN traded up $0.67 during trading hours on Monday, hitting $225.69. 35,675,194 shares of the company traded hands, compared to its average volume of 42,109,546. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The business's 50-day moving average is $210.69 and its 200-day moving average is $208.38. The stock has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 36.76, a P/E/G ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the prior year, the business posted $0.98 EPS. The business's revenue was up 8.6% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.
Amazon.com Profile
(
Free Report)
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.
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