Amazon.com, Inc. (NASDAQ:AMZN) Position Increased by First National Bank Sioux Falls

First National Bank Sioux Falls raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 904.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,690 shares of the e-commerce giant’s stock after buying an additional 16,830 shares during the period. Amazon.com comprises approximately 1.7% of First National Bank Sioux Falls’ investment portfolio, making the stock its 15th biggest position. First National Bank Sioux Falls’ holdings in Amazon.com were worth $4,100,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Heritage Family Offices LLP purchased a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $206,000. Values Added Financial LLC lifted its position in Amazon.com by 3.2% in the 2nd quarter. Values Added Financial LLC now owns 13,026 shares of the e-commerce giant’s stock worth $2,517,000 after buying an additional 399 shares in the last quarter. MBA Advisors LLC lifted its position in Amazon.com by 1.3% in the 2nd quarter. MBA Advisors LLC now owns 6,766 shares of the e-commerce giant’s stock worth $1,308,000 after buying an additional 86 shares in the last quarter. Searle & CO. lifted its position in Amazon.com by 12.3% in the 2nd quarter. Searle & CO. now owns 12,692 shares of the e-commerce giant’s stock worth $2,453,000 after buying an additional 1,392 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC lifted its position in Amazon.com by 15.7% in the 2nd quarter. Bryn Mawr Capital Management LLC now owns 148,136 shares of the e-commerce giant’s stock worth $28,416,000 after buying an additional 20,053 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 transaction of $625,790,203.70. Following the transaction, the insider now directly owns 917,416,976 shares of the company’s stock, 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. In the last three months, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research analyst reports. Tigress Financial increased their target price on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. JMP Securities reiterated a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a research report on Friday, January 10th. Royal Bank of Canada increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Maxim Group increased their target price on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, DA Davidson restated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $247.72.

Amazon.com Price Performance

NASDAQ:AMZN opened at $235.42 on Friday. The company has a 50-day moving average of $219.15 and a 200-day moving average of $196.95. The company has a market capitalization of $2.48 trillion, a price-to-earnings ratio of 50.41, a PEG ratio of 1.29 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $235.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 5.39 earnings per share 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.