STAR Financial Bank Lowers Position in Amazon.com, Inc. (NASDAQ:AMZN)

STAR Financial Bank reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 22.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,497 shares of the e-commerce giant’s stock after selling 2,230 shares during the quarter. Amazon.com makes up 0.9% of STAR Financial Bank’s investment portfolio, making the stock its 29th largest holding. STAR Financial Bank’s holdings in Amazon.com were worth $1,397,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Cypress Capital Group increased its position in shares of Amazon.com by 1.6% during the third quarter. Cypress Capital Group now owns 68,804 shares of the e-commerce giant’s stock valued at $12,820,000 after acquiring an additional 1,074 shares during the last quarter. Landscape Capital Management L.L.C. grew its stake in Amazon.com by 15.4% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 17,355 shares of the e-commerce giant’s stock valued at $3,234,000 after purchasing an additional 2,317 shares during the period. Overbrook Management Corp increased its position in shares of Amazon.com by 29.6% during the 3rd quarter. Overbrook Management Corp now owns 138,125 shares of the e-commerce giant’s stock valued at $25,737,000 after purchasing an additional 31,577 shares during the last quarter. Primecap Management Co. CA raised its stake in shares of Amazon.com by 1.0% during the 3rd quarter. Primecap Management Co. CA now owns 4,405,650 shares of the e-commerce giant’s stock worth $820,905,000 after purchasing an additional 45,400 shares during the period. Finally, Intech Investment Management LLC boosted its holdings in shares of Amazon.com by 8.3% in the 3rd quarter. Intech Investment Management LLC now owns 1,466,910 shares of the e-commerce giant’s stock worth $273,329,000 after buying an additional 112,011 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 over the last three months. Insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of several research analyst reports. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 price objective on shares of Amazon.com in a research note on Tuesday, December 3rd. TD Cowen increased their target price on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. DA Davidson reiterated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Stifel Nicolaus upped their price target on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, UBS Group lifted their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Two research 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $243.00.

Amazon.com Stock Down 0.9 %

Amazon.com stock opened at $219.39 on Thursday. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00. The stock has a fifty day simple moving average of $211.67 and a two-hundred day simple moving average of $193.59. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.31 trillion, a price-to-earnings ratio of 46.98, a PEG ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company earned $0.85 EPS. Equities analysts predict that Amazon.com, Inc. will post 5.29 EPS 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.