Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Independence Bank of Kentucky

Posted by Defense World Staff on Mar 19th, 2023

Independence Bank of Kentucky raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,989 shares of the e-commerce giant’s stock after acquiring an additional 3,494 shares during the period. Amazon.com makes up about 1.4% of Independence Bank of Kentucky’s portfolio, making the stock its 17th biggest position. Independence Bank of Kentucky’s holdings in Amazon.com were worth $3,023,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Kavar Capital Partners Group LLC lifted its stake in Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after acquiring an additional 79 shares during the period. IFM Investors Pty Ltd lifted its stake in Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after acquiring an additional 13,060 shares during the period. Ironwood Wealth Management LLC. lifted its stake in Amazon.com by 0.8% during the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after acquiring an additional 15 shares during the period. Markel Corp lifted its stake in Amazon.com by 0.6% during the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after acquiring an additional 550 shares during the period. Finally, Leelyn Smith LLC lifted its stake in Amazon.com by 24.8% during the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after acquiring an additional 540 shares during the period. 57.64% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Down 1.1 %

NASDAQ AMZN opened at $98.95 on Friday. The firm’s 50-day moving average is $97.01 and its two-hundred day moving average is $101.53. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. The stock has a market capitalization of $1.01 trillion, a P/E ratio of -369.20, a PEG ratio of 3.97 and a beta of 1.25.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The company had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. During the same period in the previous year, the company earned $1.39 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Analysts Set New Price Targets

AMZN has been the subject of several recent research reports. Cowen lifted their target price on shares of Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. New Street Research initiated coverage on shares of Amazon.com in a report on Wednesday, January 4th. They set a “buy” rating and a $130.00 target price for the company. Wedbush cut their target price on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, February 3rd. Telsey Advisory Group cut their target price on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, January 24th. Finally, MKM Partners cut their target price on shares of Amazon.com from $145.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, January 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.72.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the transaction, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the sale, the chief executive officer now directly owns 124,180 shares in the company, valued at $13,837,377.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $102.90, for a total transaction of $411,600.00. Following the sale, the chief executive officer now owns 529,435 shares in the company, valued at $54,478,861.50. The disclosure for this sale can be found here. Insiders have sold 71,394 shares of company stock valued at $6,994,626 over the last 90 days. 12.70% of the stock is owned by insiders.

Amazon.com Profile

(Get Rating)

Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.