Heartland Bank & Trust Co Has $5.31 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Heartland Bank & Trust Co increased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,900 shares of the e-commerce giant's stock after purchasing an additional 3,912 shares during the period. Amazon.com accounts for 2.7% of Heartland Bank & Trust Co's portfolio, making the stock its 7th largest holding. Heartland Bank & Trust Co's holdings in Amazon.com were worth $5,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of AMZN. Vanguard Group Inc. raised its position in shares of Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. FMR LLC grew its holdings in shares of Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after buying an additional 1,725,664 shares during the period. Geode Capital Management LLC grew its holdings in shares of Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after buying an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after buying an additional 4,087,933 shares during the period. Finally, Norges Bank acquired a new position in Amazon.com in the 4th quarter worth $27,266,582,000. Institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the sale, the senior vice president directly owned 47,030 shares in the company, valued at approximately $9,519,342.30. This represents a 22.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $4,211,799.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,886,613 shares of company stock valued at $1,531,840,610. Corporate insiders own 9.70% of the company's stock.

Amazon.com Trading Up 1.2%

NASDAQ:AMZN opened at $225.02 on Friday. 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 firm has a 50-day moving average of $209.90 and a 200-day moving average of $208.63. The company has a market cap of $2.39 trillion, a PE ratio of 36.65, a PEG ratio of 1.67 and a beta of 1.33. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during 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 firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMZN. Truist Financial upped their target price on shares of Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $240.00 to $255.00 and gave the company an "overweight" rating in a report on Friday. Tigress Financial increased their price target on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, Moffett Nathanson raised their target price on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Three 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $249.42.

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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