First International Bank & Trust Purchases 1,492 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

First International Bank & Trust lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 34.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,808 shares of the e-commerce giant’s stock after acquiring an additional 1,492 shares during the quarter. Amazon.com makes up approximately 0.3% of First International Bank & Trust’s portfolio, making the stock its 26th largest position. First International Bank & Trust’s holdings in Amazon.com were worth $1,082,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. PayPay Securities Corp boosted its holdings in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares during the last quarter. Christopher J. Hasenberg Inc boosted its holdings in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Amazon.com in the 1st quarter worth about $69,000. Innealta Capital LLC purchased a new position in shares of Amazon.com in the 2nd quarter worth about $77,000. Finally, Abich Financial Wealth Management LLC boosted its holdings in shares of Amazon.com by 84.7% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock worth $84,000 after buying an additional 199 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,855 shares of company stock valued at $9,215,048. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a report on Monday, October 7th. Susquehanna upped their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday. Rosenblatt Securities upped their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Company downgraded shares of Amazon.com from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $225.00 to $183.00 in a report on Monday, October 7th. Finally, Itau BBA Securities downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective on the stock. in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $244.11.

Amazon.com Stock Up 6.2 %

Shares of NASDAQ AMZN opened at $197.93 on Friday. Amazon.com, Inc. has a one year low of $136.47 and a one year high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The firm’s 50 day simple moving average is $184.82 and its two-hundred day simple moving average is $183.75. The stock has a market capitalization of $2.08 trillion, a P/E ratio of 47.35, a PEG ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business earned $0.85 earnings per share. As a group, analysts expect that Amazon.com, Inc. will post 4.84 EPS for the current fiscal year.

Amazon.com Company 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.