Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by First Merchants Corp

First Merchants Corp lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 128,049 shares of the e-commerce giant’s stock after selling 1,154 shares during the quarter. Amazon.com makes up about 1.0% of First Merchants Corp’s portfolio, making the stock its 21st biggest holding. First Merchants Corp’s holdings in Amazon.com were worth $24,362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Graphene Investments SAS boosted its stake in Amazon.com by 13.7% during the 1st quarter. Graphene Investments SAS now owns 14,900 shares of the e-commerce giant’s stock worth $2,835,000 after purchasing an additional 1,800 shares during the last quarter. Nadler Financial Group Inc. raised its holdings in shares of Amazon.com by 1.3% during the 1st quarter. Nadler Financial Group Inc. now owns 39,763 shares of the e-commerce giant’s stock worth $7,565,000 after acquiring an additional 513 shares during the period. HighMark Wealth Management LLC raised its holdings in shares of Amazon.com by 1.7% during the 1st quarter. HighMark Wealth Management LLC now owns 3,500 shares of the e-commerce giant’s stock worth $666,000 after acquiring an additional 57 shares during the period. Holistic Planning LLC raised its holdings in shares of Amazon.com by 1.7% during the 1st quarter. Holistic Planning LLC now owns 16,322 shares of the e-commerce giant’s stock worth $3,105,000 after acquiring an additional 276 shares during the period. Finally, Hibernia Wealth Partners LLC raised its holdings in shares of Amazon.com by 44.0% during the 1st quarter. Hibernia Wealth Partners LLC now owns 1,523 shares of the e-commerce giant’s stock worth $290,000 after acquiring an additional 465 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s 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. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Insiders sold 14,335,232 shares of company stock worth $3,210,622,570 in the last three months. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of AMZN opened at $226.13 on Friday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock’s 50 day moving average is $213.50 and its two-hundred day moving average is $208.59. The firm has a market capitalization of $2.40 trillion, a PE ratio of 36.83, a P/E/G ratio of 1.69 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN) last announced its quarterly 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. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 EPS. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Tigress Financial lifted their price target on Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Wells Fargo & Company upped their target price on shares of Amazon.com from $201.00 to $238.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. DA Davidson dropped their price target on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Needham & Company LLC restated a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Finally, Mizuho lowered their price objective on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $250.35.

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.