Field & Main Bank Trims Position in Amazon.com, Inc. (NASDAQ:AMZN)

Field & Main Bank lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,035 shares of the e-commerce giant's stock after selling 1,567 shares during the quarter. Amazon.com makes up approximately 2.0% of Field & Main Bank's investment portfolio, making the stock its 13th largest position. Field & Main Bank's holdings in Amazon.com were worth $5,524,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com during the 4th quarter valued at approximately $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the 4th quarter valued at approximately $27,000. LSV Asset Management acquired a new stake in Amazon.com during the 4th quarter valued at approximately $35,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com during the 1st quarter valued at approximately $40,000. Finally, Perritt Capital Management Inc increased its position in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares during the period. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of Amazon.com stock traded up $0.69 during trading hours on Thursday, hitting $223.88. 31,769,801 shares of the company's stock traded hands, compared to its average volume of 42,044,088. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 36.46, a PEG ratio of 1.69 and a beta of 1.33. The company has a fifty day simple moving average of $212.21 and a 200-day simple moving average of $208.60. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

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

Analyst Ratings Changes

Several brokerages have recently commented on AMZN. Citigroup reaffirmed a "market outperform" rating on shares of Amazon.com in a research report on Thursday, July 10th. JMP Securities raised their price objective on shares of Amazon.com from $250.00 to $285.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 10th. Mizuho reduced their price objective on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Truist Financial raised their price objective on shares of Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Oppenheimer raised their price objective on shares of Amazon.com from $215.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $250.35.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 2,442,187 shares of Amazon.com stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $225.89, for a total value of $551,665,621.43. Following the completion of the sale, the insider owned 895,279,901 shares of the company's stock, valued at approximately $202,234,776,836.89. This trade represents a 0.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer directly owned 514,550 shares of the company's stock, valued at approximately $113,231,873. This trade represents a 0.48% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,602,037 shares of company stock valued at $3,044,172,641. 9.70% of the stock is currently 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.