First Bank & Trust Has $4.94 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

First Bank & Trust grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 21.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,546 shares of the e-commerce giant’s stock after purchasing an additional 4,471 shares during the quarter. Amazon.com comprises about 1.0% of First Bank & Trust’s portfolio, making the stock its 16th biggest holding. First Bank & Trust’s holdings in Amazon.com were worth $4,937,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Magnolia Capital Management Ltd. grew its stake in shares of Amazon.com by 2.8% in the second quarter. Magnolia Capital Management Ltd. now owns 9,935 shares of the e-commerce giant’s stock valued at $1,920,000 after buying an additional 270 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its stake in Amazon.com by 0.6% in the second quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 108,180 shares of the e-commerce giant’s stock valued at $20,906,000 after acquiring an additional 593 shares during the last quarter. Lowe Wealth Advisors LLC grew its position in shares of Amazon.com by 7.0% in the 2nd quarter. Lowe Wealth Advisors LLC now owns 915 shares of the e-commerce giant’s stock valued at $177,000 after acquiring an additional 60 shares during the period. Marion Wealth Management increased its stake in shares of Amazon.com by 9.4% during the 2nd quarter. Marion Wealth Management now owns 4,911 shares of the e-commerce giant’s stock worth $949,000 after purchasing an additional 422 shares during the last quarter. Finally, New England Research & Management Inc. raised its holdings in shares of Amazon.com by 7.4% in the 2nd quarter. New England Research & Management Inc. now owns 10,109 shares of the e-commerce giant’s stock valued at $1,954,000 after purchasing an additional 696 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 0.3 %

Shares of AMZN opened at $177.06 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The firm has a market cap of $1.84 trillion, a price-to-earnings ratio of 49.60, a PEG ratio of 1.32 and a beta of 1.15. The business’s fifty day moving average is $184.55 and its 200-day moving average is $180.71.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group boosted their price target on Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Mizuho lifted their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. TD Securities increased their price target on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Loop Capital lifted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, Stifel Nicolaus dropped their price objective on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $221.69.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the completion of the transaction, the insider now owns 931,925,277 shares of the company’s stock, valued at $186,450,290,169.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of Amazon.com stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the sale, the insider now directly owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the transaction, the chief executive officer now owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The disclosure for this sale can be found here. Insiders have sold 6,106,726 shares of company stock valued at $1,221,095,028 over the last ninety days. 10.80% of the stock is owned by corporate insiders.

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.