Amazon.com, Inc. (NASDAQ:AMZN) is Security National Bank’s 8th Largest Position

Security National Bank increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,164 shares of the e-commerce giant’s stock after purchasing an additional 533 shares during the quarter. Amazon.com makes up 2.0% of Security National Bank’s investment portfolio, making the stock its 8th largest holding. Security National Bank’s holdings in Amazon.com were worth $13,197,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cooksen Wealth LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Amazon.com by 45.0% during the 4th 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 in the last quarter. Strid Group LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at about $43,000. Clarity Asset Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $46,000. Finally, Steph & Co. acquired a new stake in shares of Amazon.com during the first quarter worth approximately $65,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the sale, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the transaction, the chief executive officer now owns 512,858 shares in the company, valued at approximately $92,688,826.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The disclosure for this sale can be found here. Insiders 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.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus increased their target price on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Maxim Group cut their price objective on Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Telsey Advisory Group boosted their target price on Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Citigroup raised their price target on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $215.86.

Amazon.com Price Performance

NASDAQ:AMZN opened at $193.25 on Friday. The company has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 54.13, a PEG ratio of 1.42 and a beta of 1.14. The company has a 50-day moving average of $183.87 and a 200-day moving average of $173.11. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $199.84. 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 (NASDAQ:AMZN) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 earnings per share. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

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.