Amazon.com, Inc. (NASDAQ:AMZN) is Huntington National Bank’s 6th Largest Position

Huntington National Bank boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,377,450 shares of the e-commerce giant’s stock after purchasing an additional 47,233 shares during the period. Amazon.com makes up approximately 2.2% of Huntington National Bank’s portfolio, making the stock its 6th biggest holding. Huntington National Bank’s holdings in Amazon.com were worth $302,199,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Rench Wealth Management Inc. raised its holdings in shares of Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after purchasing an additional 3,703 shares during the period. Momentous Wealth Management Inc. acquired a new stake in Amazon.com during the 4th quarter worth approximately $749,000. Segall Bryant & Hamill LLC raised its holdings in Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after buying an additional 39,696 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock valued at $759,434,000 after buying an additional 2,196,353 shares in the last quarter. Finally, Blankinship & Foster LLC grew its stake in Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after buying an additional 4,740 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the transaction, the chief executive officer now owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. This trade represents a 1.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock valued at $23,341,803 in the last three months. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AMZN shares. Bank of America cut their target price on shares of Amazon.com from $257.00 to $225.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. UBS Group reduced their price objective on Amazon.com from $272.00 to $253.00 and set a “buy” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. upped their target price on Amazon.com from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday. Piper Sandler reiterated an “overweight” rating and set a $212.00 target price (down from $215.00) on shares of Amazon.com in a report on Friday. Finally, Citigroup decreased their price target on Amazon.com from $273.00 to $225.00 and set a “buy” rating for the company in a report on Monday, April 14th. Three analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.55.

Amazon.com Stock Performance

Shares of AMZN opened at $189.98 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a fifty day moving average of $190.48 and a 200-day moving average of $207.77. The company has a market cap of $2.02 trillion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.