Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 380,148 shares of the e-commerce giant's stock after selling 3,353 shares during the period. Amazon.com makes up approximately 2.6% of Stock Yards Bank & Trust Co.'s portfolio, making the stock its 8th biggest position. Stock Yards Bank & Trust Co.'s holdings in Amazon.com were worth $72,327,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of AMZN. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter valued at $27,000. LSV Asset Management acquired a new position in shares of Amazon.com in the 4th quarter valued at approximately $35,000. Perritt Capital Management Inc increased its holdings in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares during the last quarter. Compass Planning Associates Inc bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in Amazon.com during the 4th quarter worth $54,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total transaction of $512,450.00. Following the completion of the transaction, the chief executive officer now owns 517,050 shares in the company, valued at $105,984,909. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now owns 5,465 shares of the company's stock, valued at $1,151,366.20. This trade represents a 15.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,037 shares of company stock worth $20,531,075. 10.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of analyst reports. Truist Financial reduced their price target on Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. DA Davidson reduced their price target on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Wedbush reiterated an "outperform" rating and set a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Benchmark reiterated a "buy" rating and set a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Raymond James Financial restated an "outperform" rating and issued a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and a consensus price target of $245.81.

Amazon.com Price Performance

Shares of AMZN stock opened at $223.30 on Monday. The stock has a 50 day moving average of $202.26 and a two-hundred day moving average of $208.72. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a market capitalization of $2.37 trillion, a P/E ratio of 36.37, a P/E/G ratio of 1.68 and a beta of 1.34.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 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 during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter last year, the company earned $0.98 EPS. The company's quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.

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