Intrust Bank NA Sells 6,316 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Jun 7th, 2023

Intrust Bank NA reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 9.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,676 shares of the e-commerce giant’s stock after selling 6,316 shares during the period. Amazon.com makes up 0.7% of Intrust Bank NA’s portfolio, making the stock its 23rd largest holding. Intrust Bank NA’s holdings in Amazon.com were worth $5,265,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter worth about $426,000. Dohj LLC increased its holdings in shares of Amazon.com by 1.8% in the 3rd quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock worth $2,807,000 after buying an additional 451 shares during the last quarter. Veritas Asset Management LLP increased its holdings in shares of Amazon.com by 19.6% in the 4th quarter. Veritas Asset Management LLP now owns 7,868,621 shares of the e-commerce giant’s stock worth $660,964,000 after buying an additional 1,286,797 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp increased its holdings in shares of Amazon.com by 1.2% in the 3rd quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock worth $35,405,000 after buying an additional 3,840 shares during the last quarter. Finally, Sarasin & Partners LLP increased its holdings in shares of Amazon.com by 0.7% in the 4th quarter. Sarasin & Partners LLP now owns 2,468,455 shares of the e-commerce giant’s stock worth $207,350,000 after buying an additional 17,993 shares during the last quarter. 57.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AMZN shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Amazon.com from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, April 18th. Moffett Nathanson cut their price target on shares of Amazon.com from $119.00 to $116.00 and set an “outperform” rating on the stock in a report on Monday, April 24th. Tigress Financial reiterated a “buy” rating and set a $192.00 price target on shares of Amazon.com in a report on Thursday, February 9th. Credit Suisse Group cut their price target on shares of Amazon.com from $150.00 to $140.00 in a report on Tuesday, April 25th. Finally, StockNews.com started coverage on shares of Amazon.com in a report on Thursday, May 18th. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and forty have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.52.

Insider Buying and Selling at Amazon.com

In related news, CEO Adam Selipsky sold 2,299 shares of the firm’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total transaction of $230,681.66. Following the completion of the transaction, the chief executive officer now owns 138,320 shares of the company’s stock, valued at $13,879,028.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Adam Selipsky sold 2,299 shares of the business’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total transaction of $230,681.66. Following the completion of the transaction, the chief executive officer now directly owns 138,320 shares in the company, valued at $13,879,028.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $120.61, for a total transaction of $482,440.00. Following the transaction, the chief executive officer now owns 568,301 shares of the company’s stock, valued at $68,542,783.61. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,144 shares of company stock worth $8,513,127. 12.70% of the stock is owned by corporate insiders.

Amazon.com Trading Up 1.0 %

Shares of Amazon.com stock opened at $126.61 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $146.57. The firm has a market capitalization of $1.30 trillion, a price-to-earnings ratio of 301.45, a PEG ratio of 2.41 and a beta of 1.26. The firm’s 50 day simple moving average is $109.06 and its two-hundred day simple moving average is $99.29.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The business had revenue of $127.36 billion for the quarter, compared to analyst estimates of $124.57 billion. During the same quarter in the prior year, the business posted $0.21 EPS. Amazon.com’s revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 1.57 EPS for the current year.

About Amazon.com

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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.