First PREMIER Bank lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,948 shares of the e-commerce giant’s stock after buying an additional 720 shares during the quarter. First PREMIER Bank’s holdings in Amazon.com were worth $920,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. McElhenny Sheffield Capital Management LLC purchased a new position in Amazon.com during the fourth quarter worth approximately $27,000. Wells Financial Advisors INC raised its stake in Amazon.com by 1,900.0% during the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after purchasing an additional 266 shares during the period. Knott David M Jr purchased a new position in Amazon.com during the second quarter worth approximately $32,000. Laurel Wealth Planning LLC raised its stake in Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares during the period. Finally, Baron Financial Group LLC raised its stake in Amazon.com by 1,900.0% during the second quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock worth $38,000 after purchasing an additional 342 shares during the period. Hedge funds and other institutional investors own 57.64% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on AMZN. Wolfe Research increased their price objective on shares of Amazon.com from $115.00 to $130.00 in a research report on Friday, February 3rd. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective on shares of Amazon.com in a research report on Friday, February 3rd. Benchmark increased their price objective on shares of Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Amazon.com from $142.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, March 16th. Finally, Susquehanna increased their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $144.72.
Amazon.com Stock Down 0.1 %
Amazon.com (NASDAQ:AMZN – Get Rating) last released its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). The company had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.39 EPS. On average, analysts expect that Amazon.com, Inc. will post 1.33 EPS for the current fiscal year.
Insider Buying and Selling at Amazon.com
In other news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction that occurred on 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 approximately $13,837,377.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the transaction, the chief executive officer now owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the transaction, the chief executive officer now directly owns 124,180 shares in the company, valued at approximately $13,837,377.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,693 shares of company stock valued at $7,225,308. Company insiders own 12.70% of the company’s stock.
Amazon.com Company Profile
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.
Read More
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