Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Security National Bank

Security National Bank increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 74,384 shares of the e-commerce giant’s stock after purchasing an additional 2,622 shares during the quarter. Amazon.com makes up approximately 2.7% of Security National Bank’s portfolio, making the stock its 6th biggest holding. Security National Bank’s holdings in Amazon.com were worth $14,152,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Cable Hill Partners LLC raised its position in shares of Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after purchasing an additional 44 shares during the period. Northern Capital Management Inc. lifted its position in shares of Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after purchasing an additional 45 shares during the period. White Wing Wealth Management lifted its position in Amazon.com by 2.4% during the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after acquiring an additional 47 shares during the last quarter. Balanced Wealth Group LLC increased its stake in Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock valued at $705,000 after purchasing an additional 48 shares in the last quarter. Finally, ETF Store Inc. boosted its holdings in Amazon.com by 2.1% during the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock worth $522,000 after buying an additional 48 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AMZN shares. Tigress Financial raised their price target on shares of Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Stifel Nicolaus dropped their price objective on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Wedbush reissued an “outperform” rating and issued a $235.00 price objective (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Evercore ISI decreased their target price on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Finally, Wall Street Zen downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $250.35.

Amazon.com Trading Up 0.3%

Shares of AMZN stock opened at $223.88 on Friday. The firm has a market cap of $2.38 trillion, a P/E ratio of 36.46, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33. The business has a 50-day moving average price of $212.84 and a two-hundred day moving average price of $208.62. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted 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 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the prior year, the business earned $0.98 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other news, CEO Matthew S. Garman sold 20,923 shares of the company’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the sale, the insider owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,335,232 shares of company stock worth $3,210,622,570 over the last ninety days. 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.