Amazon.com, Inc. (NASDAQ:AMZN) Position Reduced by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 402,514 shares of the e-commerce giant’s stock after selling 5,764 shares during the quarter. Amazon.com accounts for 2.4% of Stock Yards Bank & Trust Co.’s investment portfolio, making the stock its 8th biggest position. Stock Yards Bank & Trust Co.’s holdings in Amazon.com were worth $72,606,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Collective Family Office LLC raised its position in Amazon.com by 9.7% in the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after purchasing an additional 819 shares during the period. Members Trust Co grew its holdings in Amazon.com by 8.9% in the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after acquiring an additional 341 shares during the last quarter. Phillips Wealth Planners LLC grew its holdings in Amazon.com by 9.2% in the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after acquiring an additional 224 shares during the last quarter. Cherrydale Wealth Management LLC grew its holdings in Amazon.com by 14.7% in the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after acquiring an additional 675 shares during the last quarter. Finally, Tompkins Financial Corp grew its holdings in Amazon.com by 3.3% in the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after acquiring an additional 2,273 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 0.3 %

AMZN opened at $194.49 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average price of $187.63 and a 200-day moving average price of $176.49. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The stock has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 54.48, a PEG ratio of 1.39 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the previous year, the company earned $0.31 earnings per share. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on AMZN. Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research note on Tuesday, July 9th. Moffett Nathanson reaffirmed a “buy” rating and set a $228.00 target price on shares of Amazon.com in a research note on Thursday, April 11th. Monness Crespi & Hardt lifted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, UBS Group lifted their target price on shares of Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $217.38.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now directly owns 130,600 shares in the company, valued at $23,688,228. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total transaction of $631,015.00. Following the completion of the sale, the chief executive officer now directly owns 509,358 shares in the company, valued at $91,832,153.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,113,490 shares of company stock worth $1,222,340,738. 10.80% of the stock is owned by company insiders.

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.