West Bancorporation Inc. decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 4,517 shares of the e-commerce giant’s stock after selling 57 shares during the period. Amazon.com accounts for about 0.6% of West Bancorporation Inc.’s portfolio, making the stock its 28th largest position. West Bancorporation Inc.’s holdings in Amazon.com were worth $991,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC grew its position in shares of Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after buying an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after purchasing an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its stake in Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after purchasing an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE boosted its position in Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after buying an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC acquired a new stake in Amazon.com during the 4th quarter valued at approximately $2,153,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Amazon.com Stock Performance
NASDAQ:AMZN opened at $244.22 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a fifty day moving average of $225.49 and a two-hundred day moving average of $215.83. The stock has a market capitalization of $2.60 trillion, a PE ratio of 37.23, a P/E/G ratio of 1.52 and a beta of 1.28. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $250.50.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. Maxim Group lifted their price objective on shares of Amazon.com from $272.00 to $280.00 and gave the company a “buy” rating in a research note on Friday. Rosenblatt Securities lifted their price objective on shares of Amazon.com from $298.00 to $305.00 and gave the company a “buy” rating in a research note on Friday. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a research note on Monday, October 20th. Benchmark boosted their target price on shares of Amazon.com from $260.00 to $295.00 and gave the company a “buy” rating in a research note on Friday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $265.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $289.88.
Check Out Our Latest Analysis on Amazon.com
Insiders Place Their Bets
In other Amazon.com news, CEO Matthew S. Garman sold 17,785 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total value of $3,940,622.45. Following the completion of the sale, the chief executive officer directly owned 3,138 shares of the company’s stock, valued at $695,286.66. This trade represents a 85.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer directly owned 2,178,502 shares of the company’s stock, valued at $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 95,411 shares of company stock valued at $21,222,702. Corporate 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.
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