Security National Bank of SO Dak Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Security National Bank of SO Dak increased its stake in Amazon.com, Inc. by 34.1% during the first quarter, now holding 6,777 shares valued at approximately $1.29 million.
• Insider Jeffrey Bezos sold 2.64 million shares of Amazon on July 24, reducing his ownership by 0.30%, while corporate insiders have collectively sold over 25 million shares in the last three months.
• Amazon reported $1.68 EPS for the latest quarter, exceeding estimates, with revenue up 13.3% year-over-year at $167.7 billion.

Security National Bank of SO Dak raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 34.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,777 shares of the e-commerce giant's stock after acquiring an additional 1,723 shares during the period. Security National Bank of SO Dak's holdings in Amazon.com were worth $1,289,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tallon Kerry Patrick purchased a new stake in shares of Amazon.com during the fourth quarter worth approximately $800,000. LaFleur & Godfrey LLC grew its position in shares of Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after acquiring an additional 860 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after purchasing an additional 397,007 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after purchasing an additional 986 shares during the period. Finally, Bank Pictet & Cie Europe AG lifted its holdings in Amazon.com by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock valued at $442,481,000 after acquiring an additional 54,987 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Moffett Nathanson raised their price target on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Wall Street Zen upgraded Amazon.com from a "hold" rating to a "buy" rating in a research report on Saturday. Westpark Capital reiterated a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday. 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. Finally, BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. One investment analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $262.45.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated 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 sale, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was 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 available at this link. Insiders have sold a total of 25,099,537 shares of company stock valued at $5,674,394,548 in the last three months. Corporate insiders own 9.70% of the company's stock.

Amazon.com Stock Down 8.3%

NASDAQ AMZN traded down $19.36 on Friday, hitting $214.75. The stock had a trading volume of 122,007,379 shares, compared to its average volume of 37,811,656. The business's fifty day moving average price is $218.20 and its 200 day moving average price is $209.11. 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, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market cap of $2.28 trillion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 1.59 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 24.90%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 earnings per share. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.