Zions Bancorporation N.A. Acquires 7,735 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Zions Bancorporation N.A. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,578 shares of the e-commerce giant’s stock after purchasing an additional 7,735 shares during the quarter. Amazon.com accounts for 1.9% of Zions Bancorporation N.A.’s portfolio, making the stock its 8th largest position. Zions Bancorporation N.A.’s holdings in Amazon.com were worth $23,495,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the 4th quarter worth approximately $30,000. PayPay Securities Corp boosted its holdings in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the period. Christopher J. Hasenberg Inc increased its stake in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the last quarter. Steph & Co. acquired a new stake in shares of Amazon.com during the first quarter worth $65,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new position in shares of Amazon.com in the 1st quarter worth about $69,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $188.82 on Monday. The company has a market cap of $1.98 trillion, a P/E ratio of 45.17, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The company’s fifty day moving average is $179.58 and its two-hundred day moving average is $183.19. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. 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 data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Equities analysts expect that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMZN. Jefferies Financial Group lowered their price objective on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. DA Davidson reiterated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research report on Thursday. Telsey Advisory Group reissued an “outperform” rating and issued a $215.00 price target on shares of Amazon.com in a report on Thursday. TD Securities upped their price objective on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $210.00 target price on shares of Amazon.com in a research note on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the transaction, the chief executive officer now directly owns 503,753 shares in the company, valued at approximately $95,335,255.25. The trade was a 0.00 % 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, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock valued at $9,877,423 over the last three months. 10.80% of the stock is owned by corporate insiders.

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.