Field & Main Bank Cuts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Field & Main Bank lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,035 shares of the e-commerce giant’s stock after selling 1,567 shares during the quarter. Amazon.com makes up about 2.0% of Field & Main Bank’s portfolio, making the stock its 13th biggest holding. Field & Main Bank’s holdings in Amazon.com were worth $5,524,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Norges Bank purchased a new stake in Amazon.com in the 4th quarter worth $27,266,582,000. GAMMA Investing LLC increased its holdings in Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock worth $5,754,425,000 after acquiring an additional 30,104,520 shares in the last quarter. Capital World Investors grew its holdings in shares of Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock worth $14,416,078,000 after buying an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after buying an additional 17,635,391 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its holdings in shares of Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after buying an additional 12,018,120 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. BNP Paribas raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Benchmark reaffirmed a “buy” rating and set a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Rosenblatt Securities upped their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. JMP Securities upped their target price on shares of Amazon.com from $250.00 to $285.00 and gave the stock a “market outperform” rating in a report on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $250.35.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the sale, the chief executive officer owned 514,550 shares of the company’s stock, valued at $113,231,873. This trade represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,442,187 shares of the firm’s stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $225.89, for a total transaction of $551,665,621.43. Following the completion of the sale, the insider directly owned 895,279,901 shares in the company, valued at approximately $202,234,776,836.89. This trade represents a 0.27% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,602,037 shares of company stock worth $3,044,172,641. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Down 1.4%

AMZN stock opened at $223.19 on Thursday. The company’s 50 day moving average price is $212.21 and its 200 day moving average price is $208.60. The firm has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.35, a PEG ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

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, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 earnings per share. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com 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.