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Heartland Bank & Trust Co Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Amazon.com logo with Retail/Wholesale background

Heartland Bank & Trust Co raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,900 shares of the e-commerce giant's stock after buying an additional 3,912 shares during the period. Amazon.com comprises about 2.7% of Heartland Bank & Trust Co's investment portfolio, making the stock its 7th biggest holding. Heartland Bank & Trust Co's holdings in Amazon.com were worth $5,308,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the 4th quarter valued at about $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management bought a new stake in Amazon.com during the 4th quarter valued at about $35,000. Inlight Wealth Management LLC bought a new stake in Amazon.com during the 1st quarter valued at about $40,000. Finally, Perritt Capital Management Inc increased its stake 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 in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on AMZN shares. Wedbush restated an "outperform" rating and set a $235.00 price objective (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Cantor Fitzgerald lifted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $240.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday. Needham & Company LLC reiterated a "buy" rating and issued a $220.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $195.00 price target (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $249.42.

View Our Latest Research Report on AMZN

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the transaction, the chief executive officer owned 2,148,694 shares of the company's stock, valued at $432,532,102.20. This trade represents a 0.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the completion of the transaction, the insider directly owned 905,679,901 shares in the company, valued at $200,535,643,679.42. This represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,886,613 shares of company stock worth $1,531,840,610 over the last ninety days. 10.80% of the stock is owned by insiders.

Amazon.com Trading Up 0.3%

Shares of AMZN traded up $0.71 during midday trading on Tuesday, hitting $226.40. The stock had a trading volume of 24,864,427 shares, compared to its average volume of 42,045,547. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a market cap of $2.40 trillion, a PE ratio of 36.89, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The stock's 50 day moving average is $210.69 and its 200 day moving average is $208.38.

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 for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

About Amazon.com

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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