Emprise Bank Sells 194 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Emprise Bank reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,888 shares of the e-commerce giant’s stock after selling 194 shares during the quarter. Amazon.com makes up about 1.6% of Emprise Bank’s portfolio, making the stock its 13th largest position. Emprise Bank’s holdings in Amazon.com were worth $3,023,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Tallon Kerry Patrick acquired a new position in shares of Amazon.com during the 4th quarter valued at $800,000. Capital & Planning LLC lifted its position in shares of Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock valued at $856,000 after purchasing an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC lifted its position in shares of Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock valued at $10,839,000 after purchasing an additional 860 shares in the last quarter. West Branch Capital LLC lifted its position in shares of Amazon.com by 2.8% during the fourth quarter. West Branch Capital LLC now owns 85,088 shares of the e-commerce giant’s stock valued at $18,668,000 after purchasing an additional 2,319 shares in the last quarter. Finally, Advisory Alpha LLC lifted its position in shares of Amazon.com by 11.1% during the fourth quarter. Advisory Alpha LLC now owns 40,327 shares of the e-commerce giant’s stock valued at $8,847,000 after purchasing an additional 4,036 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $213.57 on Monday. The stock has a market cap of $2.27 trillion, a price-to-earnings ratio of 38.62, a PEG ratio of 1.50 and a beta of 1.33. The firm’s 50-day moving average is $191.84 and its 200 day moving average is $208.82. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

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

Analyst Ratings Changes

A number of analysts recently issued reports on AMZN shares. Barclays decreased their price objective on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Loop Capital raised their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Wells Fargo & Company cut their price objective on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 25th. Tigress Financial lifted their target price on shares of Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Finally, Benchmark reiterated a “buy” rating and set a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $244.89.

Insider Activity

In related news, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 in the last quarter. 9.70% of the stock is currently owned by insiders.

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.