First American Bank Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

First American Bank lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the third quarter, Holdings Channel reports. The institutional investor owned 236,552 shares of the e-commerce giant’s stock after acquiring an additional 1,465 shares during the period. Amazon.com makes up about 3.2% of First American Bank’s portfolio, making the stock its 8th largest position. First American Bank’s holdings in Amazon.com were worth $44,077,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Peterson Wealth Advisors LLC increased its position in Amazon.com by 35.2% during the third quarter. Peterson Wealth Advisors LLC now owns 1,659 shares of the e-commerce giant’s stock worth $309,000 after acquiring an additional 432 shares during the period. Cavalier Investments LLC grew its position in shares of Amazon.com by 500.8% during the 3rd quarter. Cavalier Investments LLC now owns 121,759 shares of the e-commerce giant’s stock worth $22,687,000 after purchasing an additional 101,493 shares in the last quarter. L. Roy Papp & Associates LLP grew its position in shares of Amazon.com by 2.8% during the 3rd quarter. L. Roy Papp & Associates LLP now owns 13,430 shares of the e-commerce giant’s stock worth $2,502,000 after purchasing an additional 363 shares in the last quarter. West Bancorporation Inc. raised its position in shares of Amazon.com by 2.2% in the third quarter. West Bancorporation Inc. now owns 4,236 shares of the e-commerce giant’s stock valued at $789,000 after buying an additional 92 shares in the last quarter. Finally, Custom Index Systems LLC boosted its stake in shares of Amazon.com by 3.2% in the third quarter. Custom Index Systems LLC now owns 13,876 shares of the e-commerce giant’s stock valued at $2,586,000 after buying an additional 426 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,026,683 shares of company stock worth $1,252,148,795. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AMZN. Maxim Group lifted their price objective on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. JMP Securities upped their price objective on shares of Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research report on Friday, November 1st. Evercore ISI raised their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Piper Sandler increased their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Robert W. Baird boosted their price objective on shares of Amazon.com from $213.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $236.20.

Amazon.com Price Performance

AMZN stock opened at $207.89 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.19 trillion, a price-to-earnings ratio of 44.52, a PEG ratio of 1.39 and a beta of 1.14. The company’s fifty day simple moving average is $194.78 and its 200 day simple moving average is $186.94. Amazon.com, Inc. has a 12-month low of $142.81 and a 12-month high of $215.90.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the business earned $0.85 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. On average, analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

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.