First Hawaiian Bank Decreases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

First Hawaiian Bank decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 102,433 shares of the e-commerce giant’s stock after selling 1,078 shares during the quarter. Amazon.com accounts for approximately 1.2% of First Hawaiian Bank’s holdings, making the stock its 18th biggest position. First Hawaiian Bank’s holdings in Amazon.com were worth $19,489,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at about $25,000. Accordant Advisory Group Inc increased its position in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com during the 4th quarter valued at about $35,000. Finally, Perritt Capital Management Inc increased its position in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research reports. Morgan Stanley reduced their price target on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Truist Financial reduced their price target on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Oppenheimer reduced their price target on shares of Amazon.com from $260.00 to $220.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Telsey Advisory Group reissued an “outperform” rating and issued a $235.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Finally, Citigroup reissued a “buy” rating on shares of Amazon.com in a report on Monday, June 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $244.89.

Amazon.com Stock Performance

AMZN stock opened at $216.98 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The business’s fifty day simple moving average is $192.26 and its two-hundred day simple moving average is $208.96. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market cap of $2.30 trillion, a price-to-earnings ratio of 39.24, a PEG ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last released 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 for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter last year, the firm posted $0.98 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total transaction of $512,450.00. Following the transaction, the chief executive officer now owns 517,050 shares in the company, valued at approximately $105,984,909. This trade represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 2,695 shares of the firm’s stock in a transaction 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 transaction, the vice president now owns 119,780 shares in the company, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock worth $20,531,075 over the last quarter. Company insiders own 9.70% of the company’s stock.

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.