First International Bank & Trust Sells 297 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

First International Bank & Trust cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% during the 4th quarter, HoldingsChannel reports. The fund owned 5,511 shares of the e-commerce giant’s stock after selling 297 shares during the quarter. Amazon.com makes up 0.4% of First International Bank & Trust’s investment portfolio, making the stock its 25th biggest position. First International Bank & Trust’s holdings in Amazon.com were worth $1,209,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Fortitude Family Office LLC increased its holdings in shares of Amazon.com by 7.2% in the fourth quarter. Fortitude Family Office LLC now owns 13,350 shares of the e-commerce giant’s stock worth $2,929,000 after buying an additional 901 shares during the period. Watts Gwilliam & Co. LLC increased its stake in Amazon.com by 6.6% in the 4th quarter. Watts Gwilliam & Co. LLC now owns 35,320 shares of the e-commerce giant’s stock worth $7,845,000 after purchasing an additional 2,178 shares during the period. Douglas Lane & Associates LLC boosted its stake in shares of Amazon.com by 1.3% during the fourth quarter. Douglas Lane & Associates LLC now owns 249,275 shares of the e-commerce giant’s stock valued at $54,688,000 after purchasing an additional 3,106 shares during the period. Private Client Services LLC increased its stake in shares of Amazon.com by 2.4% in the fourth quarter. Private Client Services LLC now owns 9,186 shares of the e-commerce giant’s stock worth $2,015,000 after buying an additional 217 shares during the period. Finally, Fulton Bank N.A. increased its stake in shares of Amazon.com by 0.7% in the fourth quarter. Fulton Bank N.A. now owns 141,604 shares of the e-commerce giant’s stock worth $31,066,000 after buying an additional 924 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research note on Tuesday, December 3rd. Mizuho boosted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group increased their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. UBS Group increased their price objective on Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Needham & Company LLC restated a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $245.65.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated 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 in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $225.94 on Tuesday. The stock has a 50-day simple moving average of $217.91 and a two-hundred day simple moving average of $196.27. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $233.00. The firm has a market capitalization of $2.38 trillion, a PE ratio of 48.38, a P/E/G ratio of 1.22 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 EPS. Analysts forecast that Amazon.com, Inc. will post 5.38 EPS for the current 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.