OLD National Bancorp IN Sells 19,041 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

OLD National Bancorp IN cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 358,657 shares of the e-commerce giant's stock after selling 19,041 shares during the period. Amazon.com makes up 1.8% of OLD National Bancorp IN's investment portfolio, making the stock its 10th biggest holding. OLD National Bancorp IN's holdings in Amazon.com were worth $68,238,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AMZN. One Plus One Wealth Management LLC lifted its position in Amazon.com by 3.6% during the 1st quarter. One Plus One Wealth Management LLC now owns 7,052 shares of the e-commerce giant's stock worth $1,342,000 after acquiring an additional 246 shares during the last quarter. Professional Advisory Services Inc. lifted its position in Amazon.com by 28.8% during the 1st quarter. Professional Advisory Services Inc. now owns 147,385 shares of the e-commerce giant's stock worth $28,041,000 after acquiring an additional 32,970 shares during the last quarter. Kennebec Savings Bank lifted its position in Amazon.com by 2.7% during the 1st quarter. Kennebec Savings Bank now owns 13,748 shares of the e-commerce giant's stock worth $2,616,000 after acquiring an additional 357 shares during the last quarter. Wynn Capital LLC lifted its position in Amazon.com by 1.3% during the 1st quarter. Wynn Capital LLC now owns 13,110 shares of the e-commerce giant's stock worth $2,494,000 after acquiring an additional 170 shares during the last quarter. Finally, Griffith & Werner Inc. lifted its position in Amazon.com by 6.4% during the 1st quarter. Griffith & Werner Inc. now owns 32,504 shares of the e-commerce giant's stock worth $6,184,000 after acquiring an additional 1,963 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wells Fargo & Company cut their target price on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. Stifel Nicolaus cut their price objective on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Wedbush reaffirmed an "outperform" rating and set a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Morgan Stanley cut their price objective on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, Scotiabank cut their price objective on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $245.53.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $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 have sold a total of 102,037 shares of company stock valued at $20,531,075 over the last three months. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Trading Down 1.3%

AMZN stock traded down $2.83 during midday trading on Friday, reaching $209.69. The company's stock had a trading volume of 75,281,131 shares, compared to its average volume of 42,160,197. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a market cap of $2.23 trillion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 1.58 and a beta of 1.34. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The business's 50-day simple moving average is $198.41 and its 200-day simple moving average is $209.17.

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

About Amazon.com

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.