Field & Main Bank Sells 381 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Field & Main Bank trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,080 shares of the e-commerce giant’s stock after selling 381 shares during the period. Amazon.com accounts for about 2.3% of Field & Main Bank’s investment portfolio, making the stock its 9th largest position. Field & Main Bank’s holdings in Amazon.com were worth $6,199,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in AMZN. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth about $30,000. Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com during the 4th quarter worth about $46,000. Steph & Co. acquired a new stake in shares of Amazon.com during the 1st quarter worth about $65,000. Advantage Trust Co acquired a new stake in shares of Amazon.com during the 4th quarter worth about $68,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Amazon.com during the 1st quarter worth about $69,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Amazon.com stock opened at $186.49 on Monday. The company has a market cap of $1.94 trillion, a PE ratio of 52.24, a P/E/G ratio of 1.39 and a beta of 1.14. The company has a fifty day moving average price of $179.51 and a two-hundred day moving average price of $181.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Research analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insider Activity

In other news, SVP David Zapolsky sold 4,710 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the transaction, the senior vice president now owns 59,500 shares of the company’s stock, valued at $11,602,500. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 4,710 shares of Amazon.com stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the sale, the senior vice president now owns 59,500 shares in the company, valued at $11,602,500. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMZN. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price objective on shares of Amazon.com in a report on Thursday. Piper Sandler cut their price objective on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. TD Securities raised their price target on shares of Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Roth Mkm raised their price target on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Tigress Financial raised their price target on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, May 30th. One research analyst has rated the stock with a hold rating, forty have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $222.49.

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.