Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 389,413 shares of the e-commerce giant’s stock after selling 13,101 shares during the quarter. Amazon.com accounts for 2.5% of Stock Yards Bank & Trust Co.’s portfolio, making the stock its 8th largest position. Stock Yards Bank & Trust Co.’s holdings in Amazon.com were worth $75,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. Burkett Financial Services LLC grew its holdings in shares of Amazon.com by 9.1% during the first quarter. Burkett Financial Services LLC now owns 4,806 shares of the e-commerce giant’s stock worth $867,000 after purchasing an additional 400 shares during the last quarter. IMPACTfolio LLC bought a new stake in shares of Amazon.com during the first quarter worth $202,000. Park National Corp OH grew its holdings in shares of Amazon.com by 2.0% during the first quarter. Park National Corp OH now owns 180,874 shares of the e-commerce giant’s stock worth $32,626,000 after purchasing an additional 3,494 shares during the last quarter. Modus Advisors LLC grew its holdings in shares of Amazon.com by 0.9% during the first quarter. Modus Advisors LLC now owns 35,065 shares of the e-commerce giant’s stock worth $6,325,000 after purchasing an additional 326 shares during the last quarter. Finally, Peirce Capital Management LLC bought a new stake in shares of Amazon.com during the first quarter worth $216,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 0.4 %

Shares of Amazon.com stock opened at $186.89 on Thursday. The business’s 50 day simple moving average is $181.11 and its 200 day simple moving average is $183.32. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The firm has a market cap of $1.94 trillion, a PE ratio of 52.35, a P/E/G ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,355 shares of company stock worth $9,877,423 over the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AMZN. TD Securities increased their target price on Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Wedbush reiterated an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $215.00 price target on shares of Amazon.com in a report on Thursday, October 10th. Truist Financial raised their price target on Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, DA Davidson reiterated a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $236.78.

Amazon.com Profile

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.