HTLF Bank Takes $8.27 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

HTLF Bank purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 54,430 shares of the e-commerce giant’s stock, valued at approximately $8,270,000. Amazon.com accounts for about 1.0% of HTLF Bank’s portfolio, making the stock its 24th biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of AMZN. Opes Wealth Management LLC raised its holdings in Amazon.com by 32.5% in the fourth quarter. Opes Wealth Management LLC now owns 6,079 shares of the e-commerce giant’s stock worth $924,000 after purchasing an additional 1,490 shares in the last quarter. Colton Groome Financial Advisors LLC lifted its position in Amazon.com by 11.3% during the fourth quarter. Colton Groome Financial Advisors LLC now owns 4,697 shares of the e-commerce giant’s stock valued at $714,000 after buying an additional 475 shares during the period. Echo45 Advisors LLC lifted its position in Amazon.com by 3.5% during the fourth quarter. Echo45 Advisors LLC now owns 6,560 shares of the e-commerce giant’s stock valued at $997,000 after buying an additional 220 shares during the period. Fonville Wealth Management LLC purchased a new position in Amazon.com during the fourth quarter valued at $956,000. Finally, Fidelis Capital Partners LLC lifted its position in Amazon.com by 29.2% during the fourth quarter. Fidelis Capital Partners LLC now owns 74,043 shares of the e-commerce giant’s stock valued at $11,250,000 after buying an additional 16,717 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 0.8 %

AMZN stock opened at $189.50 on Friday. Amazon.com, Inc. has a twelve month low of $108.05 and a twelve month high of $191.70. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.97 trillion, a P/E ratio of 53.08, a PEG ratio of 1.35 and a beta of 1.15. The business’s 50-day moving average price is $179.90 and its 200-day moving average price is $161.81.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the previous year, the firm earned $0.31 EPS. The business’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com, Inc. will post 4.67 EPS for the current year.

Insider Buying and Selling

In related news, Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.22, for a total value of $186,220.00. Following the transaction, the director now directly owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the sale, the director now directly owns 4,760 shares in the company, valued at approximately $886,407.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,187,979 shares of company stock valued at $3,440,575,337. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of several recent research reports. BMO Capital Markets raised their price objective on Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Needham & Company LLC reissued a “buy” rating and set a $205.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. Royal Bank of Canada raised their price objective on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Sanford C. Bernstein raised their price target on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Moffett Nathanson restated a “buy” rating and set a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. One investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $211.62.

Amazon.com Company 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.