Amazon.com, Inc. (NASDAQ:AMZN) Stake Lessened by 1ST Source Bank

1ST Source Bank lessened its stake in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,438 shares of the e-commerce giant’s stock after selling 127 shares during the period. Amazon.com comprises about 0.8% of 1ST Source Bank’s investment portfolio, making the stock its 19th largest position. 1ST Source Bank’s holdings in Amazon.com were worth $13,589,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Members Trust Co increased its stake in shares of Amazon.com by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after buying an additional 341 shares during the last quarter. Cherrydale Wealth Management LLC boosted its holdings in Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after purchasing an additional 675 shares during the period. Tompkins Financial Corp boosted its holdings in Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after purchasing an additional 2,273 shares during the period. Nicholas Company Inc. boosted its holdings in Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after purchasing an additional 26,465 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in Amazon.com by 5.4% in the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after purchasing an additional 277,631 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on AMZN. Moffett Nathanson reaffirmed a “buy” rating and issued a $228.00 price objective on shares of Amazon.com in a report on Thursday, April 11th. Roth Mkm reaffirmed a “buy” rating and issued a $210.00 price objective (up previously from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. DA Davidson reissued a “buy” rating and set a $235.00 price target on shares of Amazon.com in a report on Thursday, April 18th. Loop Capital boosted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, Telsey Advisory Group boosted their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of “Buy” and an average price target of $212.40.

Check Out Our Latest Report on Amazon.com

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the transaction, the director now owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Jonathan Rubinstein sold 5,264 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $190.00, for a total value of $1,000,160.00. Following the completion of the sale, the director now owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred 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 directly 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. Insiders have sold a total of 62,338 shares of company stock valued at $11,363,829 in the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Trading Down 1.6 %

NASDAQ:AMZN opened at $176.44 on Monday. 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 fifty-two week low of $118.35 and a fifty-two week high of $191.70. The stock’s 50-day moving average is $182.34 and its two-hundred day moving average is $167.69. The stock has a market cap of $1.84 trillion, a PE ratio of 49.42, a price-to-earnings-growth ratio of 1.26 and a beta of 1.15.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the previous year, the business posted $0.31 EPS. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

About Amazon.com

(Free Report)

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.

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

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