Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by First PREMIER Bank

First PREMIER Bank increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,975 shares of the e-commerce giant’s stock after purchasing an additional 791 shares during the period. First PREMIER Bank’s holdings in Amazon.com were worth $2,702,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares during the last quarter. Strid Group LLC acquired a new position in Amazon.com in the fourth quarter valued at $43,000. Harbor Investment Advisory LLC grew its holdings in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 1,988 shares during the last quarter. Finally, Clarity Asset Management Inc. purchased a new stake in shares of Amazon.com in the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $193.61 on Thursday. The stock’s 50 day moving average price is $182.88 and its 200 day moving average price is $172.28. The firm has a market cap of $2.01 trillion, a P/E ratio of 54.23, a PEG ratio of 1.33 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $194.80.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 earnings per share. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research reports. Argus raised their price target on Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Raymond James lifted their target price on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a report on Wednesday, May 1st. Robert W. Baird increased their price target on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research note on Friday, June 21st. Roth Mkm restated a “buy” rating and issued a $210.00 price objective (up from $205.00) on shares of Amazon.com in a research note on Wednesday, May 1st. Finally, Maxim Group decreased their target price on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Buy” and an average price target of $215.74.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares in the company, valued at $24,214,400. The disclosure for this sale can be found here. Insiders have sold 65,338 shares of company stock valued at $11,894,344 in the last ninety days. Insiders own 10.80% of the company’s stock.

About Amazon.com

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.