OLD Second National Bank of Aurora Decreases Position in Amazon.com, Inc. (NASDAQ:AMZN)

OLD Second National Bank of Aurora trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,945 shares of the e-commerce giant’s stock after selling 975 shares during the quarter. Amazon.com accounts for approximately 1.6% of OLD Second National Bank of Aurora’s investment portfolio, making the stock its 15th largest position. OLD Second National Bank of Aurora’s holdings in Amazon.com were worth $7,228,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Accordant Advisory Group Inc grew its stake in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Hoese & Co LLP purchased a new position in Amazon.com during the 3rd quarter valued at $37,000. Bull Oak Capital LLC bought a new position in Amazon.com in the 3rd quarter valued at $45,000. Values First Advisors Inc. purchased a new stake in shares of Amazon.com during the third quarter valued at $56,000. Finally, IFS Advisors LLC grew its holdings in shares of Amazon.com by 1,625.0% in the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock worth $76,000 after purchasing an additional 325 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 1.7 %

Shares of AMZN stock opened at $222.88 on Friday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm has a market capitalization of $2.36 trillion, a P/E ratio of 40.30, a PEG ratio of 1.57 and a beta of 1.15. The stock’s fifty day moving average is $228.10 and its two-hundred day moving average is $203.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Robert W. Baird boosted their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Truist Financial boosted their price target on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Susquehanna raised their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Roth Mkm upped their target price on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Loop Capital increased their price target on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $260.74.

Insider Transactions at Amazon.com

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

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.