Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Thomasville National Bank

Thomasville National Bank lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 374,627 shares of the e-commerce giant's stock after buying an additional 3,381 shares during the quarter. Amazon.com accounts for 5.2% of Thomasville National Bank's portfolio, making the stock its biggest holding. Thomasville National Bank's holdings in Amazon.com were worth $71,277,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc boosted its stake in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares in the last quarter. Finally, Quattro Financial Advisors LLC boosted its stake in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 45 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Piper Sandler restated an "overweight" rating and issued a $212.00 price target (down from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Jefferies Financial Group decreased their target price on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday. Moffett Nathanson boosted their target price on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Finally, Wedbush reiterated an "outperform" rating and set a $235.00 target price (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $245.81.

Amazon.com Trading Up 2.8%

Amazon.com stock traded up $6.18 during trading on Friday, hitting $223.30. The company's stock had a trading volume of 119,087,933 shares, compared to its average volume of 42,021,779. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.37, a P/E/G ratio of 1.68 and a beta of 1.33. The stock's fifty day moving average is $202.26 and its 200 day moving average is $208.86. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm's revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 earnings per share. As a group, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the sale, the chief executive officer now directly owns 2,148,694 shares in the company, valued at $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock worth $20,531,075 over the last three months. 9.70% 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.