Independence Bank of Kentucky Buys 4,797 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Independence Bank of Kentucky lifted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,331 shares of the e-commerce giant's stock after buying an additional 4,797 shares during the quarter. Amazon.com makes up 2.4% of Independence Bank of Kentucky's investment portfolio, making the stock its 5th largest holding. Independence Bank of Kentucky's holdings in Amazon.com were worth $6,736,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mayflower Financial Advisors LLC lifted its holdings in shares of Amazon.com by 0.3% during the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant's stock worth $25,000 after purchasing an additional 572 shares during the period. PayPay Securities Corp grew its stake in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant's stock valued at $34,000 after acquiring an additional 94 shares during the last quarter. Laurel Wealth Planning LLC increased its holdings in Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant's stock valued at $34,000 after acquiring an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. acquired a new position in Amazon.com during the fourth quarter worth about $37,000. Finally, Swaine & Leidel Wealth Services LLC purchased a new stake in shares of Amazon.com in the first quarter valued at about $38,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

Amazon.com stock traded down $2.04 during midday trading on Wednesday, reaching $181.28. 31,306,711 shares of the stock traded hands, compared to its average volume of 42,980,531. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1.89 trillion, a price-to-earnings ratio of 62.51, a PEG ratio of 1.60 and a beta of 1.16. The firm has a fifty day moving average price of $176.88 and a two-hundred day moving average price of $156.19.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. The business's revenue was up 13.9% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Insider Activity

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business's stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $152.78, for a total transaction of $76,390.00. Following the sale, the chief executive officer now directly owns 117,560 shares in the company, valued at approximately $17,960,816.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $152.78, for a total transaction of $76,390.00. Following the transaction, the chief executive officer now directly owns 117,560 shares in the company, valued at approximately $17,960,816.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the sale, the chief executive officer now owns 512,858 shares of the company's stock, valued at approximately $92,688,826.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,214,010 shares of company stock valued at $5,505,874,846. Company insiders own 12.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Telsey Advisory Group restated an "outperform" rating and set a $200.00 price objective on shares of Amazon.com in a research report on Wednesday, March 27th. Benchmark upped their price objective on Amazon.com from $175.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. Sanford C. Bernstein lifted their price objective on Amazon.com from $175.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, February 2nd. Mizuho upped their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a "buy" rating in a report on Friday, February 2nd. Finally, Wedbush reiterated an "outperform" rating and set a $220.00 price target on shares of Amazon.com in a report on Wednesday, April 10th. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $202.80.

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.