First Bank & Trust Purchases 843 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

First Bank & Trust boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,389 shares of the e-commerce giant’s stock after purchasing an additional 843 shares during the quarter. Amazon.com comprises 0.9% of First Bank & Trust’s holdings, making the stock its 18th biggest position. First Bank & Trust’s holdings in Amazon.com were worth $4,917,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. China Universal Asset Management Co. Ltd. increased its stake in Amazon.com by 31.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after purchasing an additional 43,759 shares in the last quarter. Quent Capital LLC increased its stake in Amazon.com by 3.3% during the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after purchasing an additional 1,081 shares in the last quarter. Private Portfolio Partners LLC increased its stake in Amazon.com by 3.2% during the 1st quarter. Private Portfolio Partners LLC now owns 20,148 shares of the e-commerce giant’s stock worth $3,634,000 after purchasing an additional 625 shares in the last quarter. Leo Wealth LLC increased its stake in Amazon.com by 2.3% during the 1st quarter. Leo Wealth LLC now owns 140,525 shares of the e-commerce giant’s stock worth $25,360,000 after purchasing an additional 3,140 shares in the last quarter. Finally, Brighton Jones LLC boosted its position in Amazon.com by 5.3% during the 1st quarter. Brighton Jones LLC now owns 3,973,243 shares of the e-commerce giant’s stock worth $716,694,000 after acquiring an additional 199,555 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a research report on Monday, October 7th. Wedbush upped their price target on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Piper Sandler upped their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Needham & Company LLC upped their price target on Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, TD Cowen increased their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two equities 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $236.20.

Amazon.com Stock Up 1.0 %

Shares of NASDAQ:AMZN opened at $207.89 on Friday. The company has a market capitalization of $2.19 trillion, a PE ratio of 44.52, a price-to-earnings-growth ratio of 1.38 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. The business has a fifty day moving average price of $194.78 and a two-hundred day moving average price of $186.94. Amazon.com, Inc. has a 1 year low of $142.81 and a 1 year high of $215.90.

Amazon.com (NASDAQ:AMZN) last announced 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 firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. Analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 6,026,683 shares of company stock worth $1,252,148,795. 10.80% of the stock is owned by company insiders.

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.