Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by 1ST Source Bank

1ST Source Bank decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,922 shares of the e-commerce giant’s stock after selling 223 shares during the period. Amazon.com makes up approximately 0.9% of 1ST Source Bank’s holdings, making the stock its 17th largest position. 1ST Source Bank’s holdings in Amazon.com were worth $16,569,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Alternative Investment Advisors LLC. lifted its holdings in shares of Amazon.com by 2.2% during the third quarter. Alternative Investment Advisors LLC. now owns 10,164 shares of the e-commerce giant’s stock worth $1,894,000 after purchasing an additional 215 shares during the period. DGS Capital Management LLC raised its position in Amazon.com by 4.3% during the 3rd quarter. DGS Capital Management LLC now owns 25,410 shares of the e-commerce giant’s stock worth $4,735,000 after buying an additional 1,039 shares during the last quarter. Copley Financial Group Inc. acquired a new stake in shares of Amazon.com in the 3rd quarter worth $705,000. Milestone Resources Group Ltd boosted its holdings in shares of Amazon.com by 31.9% in the third quarter. Milestone Resources Group Ltd now owns 1,183,916 shares of the e-commerce giant’s stock valued at $220,599,000 after acquiring an additional 286,141 shares in the last quarter. Finally, FFG Partners LLC increased its stake in shares of Amazon.com by 0.3% during the third quarter. FFG Partners LLC now owns 61,275 shares of the e-commerce giant’s stock worth $11,417,000 after acquiring an additional 210 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other 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 transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now directly owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by insiders.

Amazon.com Trading Up 2.4 %

Shares of AMZN stock opened at $225.94 on Friday. The firm’s 50-day simple moving average is $217.56 and its 200-day simple moving average is $196.10. 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, Inc. has a 1-year low of $151.61 and a 1-year high of $233.00. The firm has a market cap of $2.38 trillion, a P/E ratio of 48.38, a PEG ratio of 1.22 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the firm posted $0.85 earnings per share. Amazon.com’s revenue was up 11.0% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com, Inc. will post 5.38 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Pivotal Research assumed coverage on shares of Amazon.com in a research report on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective for the company. Stifel Nicolaus raised their price target on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Truist Financial upped their price objective on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their target price on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Bank of America upped their price target on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $245.65.

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.