Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Busey Bank

Busey Bank raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 550,726 shares of the e-commerce giant’s stock after acquiring an additional 4,285 shares during the quarter. Amazon.com makes up 4.0% of Busey Bank’s portfolio, making the stock its 4th largest holding. Busey Bank’s holdings in Amazon.com were worth $120,824,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in AMZN. State Street Corp raised its stake in shares of Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after acquiring an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Amazon.com by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares during the period. Legal & General Group Plc boosted its holdings in Amazon.com by 1.5% during the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock worth $13,466,933,000 after buying an additional 1,042,177 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Amazon.com by 3.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant’s stock worth $10,776,201,000 after buying an additional 1,984,592 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Amazon.com by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant’s stock valued at $10,678,217,000 after acquiring an additional 1,980,663 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the sale, the chief executive officer now owns 524,567 shares in the company, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,852 shares of company stock worth $9,324,151. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 1.7 %

NASDAQ AMZN opened at $222.88 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock has a market capitalization of $2.36 trillion, a PE ratio of 40.30, a PEG ratio of 1.57 and a beta of 1.15. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The business has a fifty day moving average price of $228.10 and a two-hundred day moving average price of $203.58.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of analyst reports. Tigress Financial boosted their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Needham & Company LLC reissued a “buy” rating and set a $250.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Canaccord Genuity Group upped their price objective on shares of Amazon.com from $265.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. TD Cowen lifted their target price on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Stifel Nicolaus increased their price target on Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, February 7th. 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. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $260.74.

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.