Simmons Bank Has $27.49 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Simmons Bank cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 125,308 shares of the e-commerce giant’s stock after selling 869 shares during the quarter. Amazon.com makes up 2.0% of Simmons Bank’s portfolio, making the stock its 8th largest holding. Simmons Bank’s holdings in Amazon.com were worth $27,491,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Oregon Public Employees Retirement Fund raised its holdings in Amazon.com by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 802,308 shares of the e-commerce giant’s stock worth $176,018,000 after purchasing an additional 2,452 shares during the last quarter. Oakwell Private Wealth Management LLC grew its holdings in shares of Amazon.com by 2.4% during the fourth quarter. Oakwell Private Wealth Management LLC now owns 3,361 shares of the e-commerce giant’s stock worth $737,000 after buying an additional 80 shares in the last quarter. Magnolia Private Wealth LLC bought a new position in Amazon.com in the fourth quarter valued at $634,000. Pointe Capital Management LLC grew its stake in shares of Amazon.com by 0.5% in the fourth quarter. Pointe Capital Management LLC now owns 11,437 shares of the e-commerce giant’s stock valued at $2,509,000 after buying an additional 54 shares in the last quarter. Finally, Sincerus Advisory LLC bought a new stake in Amazon.com in the fourth quarter valued at approximately $335,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s 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 transaction, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This represents 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 worth $22,871,828 in the last ninety days. 10.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on AMZN shares. Robert W. Baird upped their target price on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Roth Mkm boosted their price target on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Scotiabank raised their price target on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $275.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Stock Down 4.3 %

Shares of AMZN opened at $192.72 on Friday. The firm has a market cap of $2.04 trillion, a P/E ratio of 34.85, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a 50 day simple moving average of $216.86 and a two-hundred day simple moving average of $208.87. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

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 the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, analysts forecast that Amazon.com, Inc. will post 6.31 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.