German American Bancorp Inc. Sells 14,295 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by on Jun 15th, 2023

German American Bancorp Inc. decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,764 shares of the e-commerce giant’s stock after selling 14,295 shares during the period. Amazon.com accounts for about 1.2% of German American Bancorp Inc.’s portfolio, making the stock its 21st biggest holding. German American Bancorp Inc.’s holdings in Amazon.com were worth $7,624,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AMZN. McElhenny Sheffield Capital Management LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $27,000. St. James Investment Advisors LLC grew its stake in Amazon.com by 97.7% during the fourth quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock valued at $29,000 after acquiring an additional 170 shares in the last quarter. Retirement Financial Solutions LLC bought a new stake in Amazon.com in the 4th quarter valued at $32,000. Laurel Wealth Planning LLC lifted its stake in Amazon.com by 1,900.0% in the 2nd 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 in the last quarter. Finally, Sanctuary Wealth Management L.L.C. bought a new position in shares of Amazon.com during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research analyst reports. Credit Suisse Group decreased their target price on Amazon.com from $150.00 to $140.00 in a research report on Tuesday, April 25th. Wedbush increased their target price on Amazon.com from $125.00 to $129.00 in a research report on Friday, April 28th. Bank of America upped their price target on shares of Amazon.com from $139.00 to $154.00 in a research note on Monday. Evercore ISI lowered their price objective on shares of Amazon.com from $160.00 to $155.00 and set an “outperform” rating for the company in a research report on Monday, April 3rd. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $125.00 target price on shares of Amazon.com in a report on Thursday, April 20th. Three investment analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $145.28.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total transaction of $50,835.00. Following the completion of the sale, the chief executive officer now directly owns 137,300 shares in the company, valued at approximately $13,959,291. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $102.25, for a total transaction of $409,000.00. Following the sale, the chief executive officer now owns 556,298 shares of the company’s stock, valued at approximately $56,881,470.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total transaction of $50,835.00. Following the completion of the transaction, the chief executive officer now owns 137,300 shares of the company’s stock, valued at $13,959,291. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,644 shares of company stock worth $8,576,262. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Down 0.2 %

AMZN stock opened at $126.42 on Thursday. The firm has a 50 day moving average of $111.77 and a 200 day moving average of $100.56. The stock has a market capitalization of $1.30 trillion, a PE ratio of 301.00, a price-to-earnings-growth ratio of 2.40 and a beta of 1.26. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $146.57.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The company had revenue of $127.36 billion during the quarter, compared to analysts’ expectations of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. Amazon.com’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the business earned $0.21 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 1.56 earnings per share for the current year.

Amazon.com Company 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.

See Also

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Get Rating).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.