Heartland Bank & Trust Co Sells 331 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Heartland Bank & Trust Co trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,607 shares of the e-commerce giant’s stock after selling 331 shares during the quarter. Amazon.com accounts for 2.5% of Heartland Bank & Trust Co’s portfolio, making the stock its 8th largest position. Heartland Bank & Trust Co’s holdings in Amazon.com were worth $4,585,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. China Universal Asset Management Co. Ltd. grew its stake in Amazon.com by 31.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after purchasing an additional 43,759 shares in the last quarter. Quent Capital LLC grew its stake in shares of Amazon.com by 3.3% in the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after buying an additional 1,081 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in Amazon.com by 44.0% in the first quarter. Meeder Asset Management Inc. now owns 207,028 shares of the e-commerce giant’s stock worth $37,344,000 after buying an additional 63,291 shares during the last quarter. Meeder Advisory Services Inc. increased its holdings in Amazon.com by 14.8% in the first quarter. Meeder Advisory Services Inc. now owns 114,940 shares of the e-commerce giant’s stock worth $20,733,000 after buying an additional 14,815 shares during the last quarter. Finally, Verus Capital Partners LLC raised its position in Amazon.com by 2.9% during the first quarter. Verus Capital Partners LLC now owns 408,608 shares of the e-commerce giant’s stock valued at $73,705,000 after acquiring an additional 11,536 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the sale, the director now owns 94,630 shares in the company, valued at $19,858,105.50. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,026,683 shares of company stock worth $1,252,148,795 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on AMZN shares. Redburn Atlantic boosted their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Bank of America raised their target price on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. Monness Crespi & Hardt upped their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Benchmark increased their price objective on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $236.20.

Amazon.com Price Performance

Amazon.com stock opened at $207.86 on Wednesday. The business has a 50 day simple moving average of $193.75 and a 200 day simple moving average of $186.52. Amazon.com, Inc. has a one year low of $142.81 and a one year high of $215.90. The company has a market capitalization of $2.19 trillion, a PE ratio of 44.51, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s 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. On average, sell-side analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

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.