Baker Boyer National Bank Sells 1,173 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Baker Boyer National Bank reduced its investment in Amazon.com (AMZN) by 26.4%, selling 1,173 shares and now holding 3,271 shares worth approximately $622,000.
• Institutional investors control about 72.20% of Amazon's stock, with several major firms including Vanguard and FMR LLC increasing their stakes in the company.
• Analysts have a consensus rating of "Moderate Buy" for Amazon, with a target price of $255.21, while the stock has seen varied price target adjustments from multiple research firms.

Baker Boyer National Bank reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 26.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,271 shares of the e-commerce giant's stock after selling 1,173 shares during the quarter. Baker Boyer National Bank's holdings in Amazon.com were worth $622,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Western Wealth Management LLC increased its stake in shares of Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after purchasing an additional 1,297 shares during the last quarter. Momentous Wealth Management Inc. bought a new position in shares of Amazon.com in the 4th quarter worth about $749,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Amazon.com in the 1st quarter worth about $514,000. Segall Bryant & Hamill LLC raised its position in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after acquiring an additional 39,696 shares in the last quarter. Finally, Bearing Point Capital LLC bought a new position in shares of Amazon.com in the 4th quarter worth about $12,014,000. 72.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on Friday, July 11th. The shares were 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 directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 25,099,537 shares of company stock worth $5,674,394,548 in the last ninety days. 9.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AMZN shares. DA Davidson lifted their price objective on Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Piper Sandler boosted their target price on Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday. Bank of America boosted their target price on Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research report on Friday. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Amazon.com in a report on Friday. Three analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $260.85.

Amazon.com Trading Down 8.3%

Shares of Amazon.com stock traded down $19.36 during trading on Friday, reaching $214.75. 122,007,379 shares of the stock were exchanged, compared to its average volume of 44,843,602. 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 stock's fifty day moving average is $217.93 and its 200 day moving average is $209.23. The firm has a market cap of $2.28 trillion, a price-to-earnings ratio of 34.98, a price-to-earnings-growth ratio of 1.71 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.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the business posted $1.26 earnings per share. Amazon.com's quarterly revenue was up 13.3% compared to the same quarter last year. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com 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.