Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Heartland Bank & Trust Co

Heartland Bank & Trust Co reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,988 shares of the e-commerce giant’s stock after selling 619 shares during the quarter. Amazon.com makes up about 2.9% of Heartland Bank & Trust Co’s investment portfolio, making the stock its 8th biggest holding. Heartland Bank & Trust Co’s holdings in Amazon.com were worth $5,263,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Fiera Capital Corp boosted its holdings in Amazon.com by 12.5% in the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after purchasing an additional 44,615 shares during the period. Wealthgate Family Office LLC bought a new position in shares of Amazon.com in the 2nd quarter worth about $262,000. Purus Wealth Management LLC boosted its holdings in shares of Amazon.com by 4.9% in the 2nd quarter. Purus Wealth Management LLC now owns 48,999 shares of the e-commerce giant’s stock valued at $9,469,000 after buying an additional 2,275 shares during the period. Argent Trust Co grew its position in shares of Amazon.com by 2.6% during the 2nd quarter. Argent Trust Co now owns 222,134 shares of the e-commerce giant’s stock valued at $42,927,000 after buying an additional 5,631 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in Amazon.com by 5.9% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 317,914 shares of the e-commerce giant’s stock worth $61,437,000 after acquiring an additional 17,832 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,848 shares of company stock worth $11,368,639 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.7 %

Amazon.com stock opened at $228.68 on Friday. The company has a 50 day moving average price of $228.21 and a 200 day moving average price of $202.30. 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, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 41.35, a P/E/G ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. Research analysts forecast that Amazon.com, Inc. will post 6.24 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the subject of several recent research reports. Barclays upped their target price on Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Wells Fargo & Company lowered their price objective on Amazon.com from $212.00 to $207.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $275.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Tigress Financial upped their price target 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. Finally, DA Davidson lifted their price objective on shares of Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. 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 company’s stock. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $260.74.

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.