Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Field & Main Bank

Field & Main Bank lessened its stake in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,860 shares of the e-commerce giant’s stock after selling 541 shares during the quarter. Amazon.com accounts for about 2.6% of Field & Main Bank’s investment portfolio, making the stock its 5th biggest holding. Field & Main Bank’s holdings in Amazon.com were worth $3,939,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Kavar Capital Partners Group LLC boosted its holdings in Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares during the last quarter. IFM Investors Pty Ltd raised its position in Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after acquiring an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. raised its position in Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after acquiring an additional 15 shares in the last quarter. Markel Corp raised its position in Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after acquiring an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC raised its position in Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after acquiring an additional 540 shares in the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on AMZN. Robert W. Baird dropped their price target on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Royal Bank of Canada dropped their price target on shares of Amazon.com from $175.00 to $135.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Piper Sandler dropped their price objective on shares of Amazon.com from $125.00 to $119.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 22nd. Oppenheimer dropped their price objective on shares of Amazon.com from $165.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Finally, Jefferies Financial Group dropped their price objective on shares of Amazon.com from $165.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have given a buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.29.

Amazon.com Stock Down 2.1 %

Amazon.com stock opened at $96.05 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $170.83. The firm has a 50 day moving average price of $90.67 and a two-hundred day moving average price of $110.59. The firm has a market cap of $979.87 billion, a price-to-earnings ratio of 88.16, a PEG ratio of 3.09 and a beta of 1.22.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm had revenue of $127.10 billion for the quarter, compared to the consensus estimate of $127.47 billion. During the same quarter in the previous year, the business posted $0.31 EPS. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 0.68 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $700,864.00. Following the completion of the sale, the chief executive officer now owns 533,435 shares in the company, valued at approximately $50,142,890. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Adam Selipsky sold 345 shares of Amazon.com stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the sale, the chief executive officer now owns 112,795 shares in the company, valued at approximately $11,505,090. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $700,864.00. Following the completion of the sale, the chief executive officer now owns 533,435 shares of the company’s stock, valued at approximately $50,142,890. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,428 shares of company stock worth $5,077,578. 12.70% of the stock is currently owned by insiders.

Amazon.com Company Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

See Also

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

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