Bell Bank Has $13.68 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Bell Bank lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,360 shares of the e-commerce giant’s stock after purchasing an additional 641 shares during the period. Amazon.com accounts for about 1.0% of Bell Bank’s holdings, making the stock its 13th biggest position. Bell Bank’s holdings in Amazon.com were worth $13,681,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AMZN. Accordant Advisory Group Inc raised its position in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares during the period. Compass Planning Associates Inc bought a new stake in shares of Amazon.com in the fourth quarter valued at approximately $51,000. Quattro Financial Advisors LLC raised its position in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 45 shares during the period. Bull Oak Capital LLC bought a new stake in Amazon.com during the 3rd quarter worth approximately $45,000. Finally, Iron Horse Wealth Management LLC raised its position in shares of Amazon.com by 64.4% in the fourth quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock worth $63,000 after buying an additional 112 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Loop Capital increased their price objective on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group lifted their price objective on Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Maxim Group lifted their price objective on Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Finally, Raymond James lifted their price objective on Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares in the company, valued at $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 a total of 102,298 shares of company stock valued at $22,871,828 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $196.21 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average price is $218.90 and its 200-day moving average price is $208.44. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a market cap of $2.08 trillion, a P/E ratio of 35.48, a P/E/G ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping 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 research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

About Amazon.com

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.