Amazon.com, Inc. (NASDAQ:AMZN) Position Lifted by First American Bank

First American Bank increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 238,794 shares of the e-commerce giant’s stock after purchasing an additional 2,242 shares during the period. Amazon.com accounts for 3.7% of First American Bank’s investment portfolio, making the stock its 5th biggest position. First American Bank’s holdings in Amazon.com were worth $52,389,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Gordian Advisors LLC grew its holdings in Amazon.com by 2.6% in the fourth quarter. Gordian Advisors LLC now owns 3,359 shares of the e-commerce giant’s stock valued at $737,000 after purchasing an additional 86 shares during the period. Pettyjohn Wood & White Inc. grew its stake in shares of Amazon.com by 1.3% during the 4th quarter. Pettyjohn Wood & White Inc. now owns 50,135 shares of the e-commerce giant’s stock valued at $10,999,000 after buying an additional 665 shares during the period. Fielder Capital Group LLC increased its holdings in shares of Amazon.com by 34.2% during the 4th quarter. Fielder Capital Group LLC now owns 6,736 shares of the e-commerce giant’s stock worth $1,478,000 after buying an additional 1,717 shares during the last quarter. Private Capital Management LLC raised its position in shares of Amazon.com by 6.8% in the 3rd quarter. Private Capital Management LLC now owns 7,853 shares of the e-commerce giant’s stock worth $1,463,000 after buying an additional 502 shares during the period. Finally, Compass Financial Group Inc. acquired a new position in Amazon.com in the fourth quarter valued at $200,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,298 shares of company stock worth $22,871,828. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $192.72 on Monday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a fifty day simple moving average of $216.86 and a 200 day simple moving average of $209.25. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company 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 (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating 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%. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

AMZN has been the subject of several research analyst reports. Raymond James upped their price target on Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $275.00 price target on shares of Amazon.com in a research report on Friday, February 7th. UBS Group increased their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, TD Cowen lifted their target price on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Two research 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

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.