Security National Bank Buys 2,622 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Security National Bank raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 74,384 shares of the e-commerce giant's stock after purchasing an additional 2,622 shares during the quarter. Amazon.com accounts for approximately 2.7% of Security National Bank's holdings, making the stock its 6th biggest position. Security National Bank's holdings in Amazon.com were worth $14,152,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AMZN. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com in the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com during the fourth quarter worth $27,000. LSV Asset Management bought a new position in shares of Amazon.com during the 4th quarter valued at about $35,000. Inlight Wealth Management LLC bought a new position in Amazon.com during the first quarter valued at approximately $40,000. Finally, Perritt Capital Management Inc boosted its stake in Amazon.com by 72.7% during 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 during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $2.25 during trading on Friday, reaching $226.13. The stock had a trading volume of 37,691,170 shares, compared to its average volume of 41,991,273. The stock has a market cap of $2.40 trillion, a PE ratio of 36.83, a PEG ratio of 1.67 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The business has a fifty day moving average price of $213.50 and a 200-day moving average price of $208.67. 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 posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The business 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 business's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 earnings per share. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 20,923 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,335,232 shares of company stock worth $3,210,622,570 over the last quarter. 9.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on AMZN shares. Wedbush reaffirmed an "outperform" rating and issued a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Benchmark restated a "buy" rating and issued a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Royal Bank Of Canada reduced their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Barclays reduced their price objective on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Finally, Tigress Financial upped their target price on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $250.35.

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.