OLD Second National Bank of Aurora Sells 1,262 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

OLD Second National Bank of Aurora lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% during the fourth quarter, Holdings Channel reports. The firm owned 37,641 shares of the e-commerce giant’s stock after selling 1,262 shares during the period. Amazon.com makes up approximately 1.6% of OLD Second National Bank of Aurora’s portfolio, making the stock its 13th largest position. OLD Second National Bank of Aurora’s holdings in Amazon.com were worth $5,719,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after buying an additional 32,038,029 shares during the last quarter. FMR LLC lifted its holdings in Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after acquiring an additional 21,649,871 shares during the period. Northern Trust Corp boosted its position in Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock worth $11,736,905,000 after purchasing an additional 3,260,411 shares during the last quarter. Jennison Associates LLC grew its stake in Amazon.com by 28.4% in the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after purchasing an additional 12,176,114 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Amazon.com by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock valued at $6,406,216,000 after purchasing an additional 1,374,052 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, CEO Douglas J. Herrington sold 14,300 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $175.00, for a total transaction of $2,502,500.00. Following the transaction, the chief executive officer now owns 499,831 shares in the company, valued at approximately $87,470,425. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Douglas J. Herrington sold 14,300 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $175.00, for a total transaction of $2,502,500.00. Following the transaction, the chief executive officer now directly owns 499,831 shares of the company’s stock, valued at $87,470,425. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Rubinstein sold 12,133 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $171.00, for a total value of $2,074,743.00. Following the transaction, the director now owns 115,220 shares of the company’s stock, valued at approximately $19,702,620. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,197,961 shares of company stock valued at $4,482,244,357. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AMZN. Loop Capital boosted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Monday. Raymond James increased their target price on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research report on Wednesday, May 1st. Argus lifted their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Sanford C. Bernstein increased their price objective on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Truist Financial boosted their target price on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $211.62.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $188.76 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com, Inc. has a one year low of $104.70 and a one year high of $189.94. The business’s 50 day simple moving average is $179.60 and its two-hundred day simple moving average is $161.63. The stock has a market capitalization of $1.96 trillion, a P/E ratio of 52.87, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 earnings per share. Analysts forecast that Amazon.com, Inc. will post 4.67 EPS 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.