First Interstate Bank Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

First Interstate Bank reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 116,418 shares of the e-commerce giant’s stock after selling 4,550 shares during the period. Amazon.com makes up 1.3% of First Interstate Bank’s portfolio, making the stock its 13th largest holding. First Interstate Bank’s holdings in Amazon.com were worth $15,176,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after purchasing an additional 12,456,995 shares during the period. State Street Corp boosted its stake in shares of Amazon.com by 1.0% during the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after purchasing an additional 3,121,516 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the period. FMR LLC boosted its stake in shares of Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Amazon.com by 2.3% during the 1st quarter. Geode Capital Management LLC now owns 165,309,180 shares of the e-commerce giant’s stock worth $17,031,683,000 after purchasing an additional 3,774,390 shares during the period. 57.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $175.00 price target on shares of Amazon.com in a research note on Monday, October 16th. Oppenheimer reaffirmed an “outperform” rating and set a $170.00 price target on shares of Amazon.com in a research note on Thursday, October 19th. Citigroup lifted their price target on shares of Amazon.com from $145.00 to $167.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Evercore ISI lifted their price objective on shares of Amazon.com from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Finally, Wedbush reiterated an “outperform” rating and set a $180.00 price objective on shares of Amazon.com in a report on Wednesday, October 18th. Two equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $168.80.

Amazon.com Stock Up 0.8 %

NASDAQ:AMZN opened at $139.74 on Tuesday. The company has a market cap of $1.44 trillion, a PE ratio of 72.40, a P/E/G ratio of 1.85 and a beta of 1.17. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $145.86. The company has a current ratio of 0.98, a quick ratio of 0.74 and a debt-to-equity ratio of 0.33. The company’s 50 day moving average is $132.48 and its two-hundred day moving average is $127.10.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $139.00, for a total transaction of $69,500.00. Following the sale, the chief executive officer now owns 103,020 shares of the company’s stock, valued at approximately $14,319,780. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Andrew R. Jassy sold 21,933 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $133.92, for a total value of $2,937,267.36. Following the sale, the chief executive officer now directly owns 2,030,868 shares of the company’s stock, valued at approximately $271,973,842.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $139.00, for a total transaction of $69,500.00. Following the completion of the sale, the chief executive officer now directly owns 103,020 shares in the company, valued at $14,319,780. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,359,145 shares of company stock valued at $48,229,508. Insiders own 12.30% of the company’s stock.

Amazon.com Company Profile

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