Baker Boyer National Bank Sells 1,173 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Baker Boyer National Bank decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 26.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,271 shares of the e-commerce giant’s stock after selling 1,173 shares during the quarter. Baker Boyer National Bank’s holdings in Amazon.com were worth $622,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. FMR LLC boosted its stake in Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock worth $72,061,766,000 after acquiring an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC boosted its stake in Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after acquiring an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Amazon.com by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock valued at $40,107,544,000 after buying an additional 4,087,933 shares in the last quarter. Finally, Norges Bank bought a new position in Amazon.com in the fourth quarter valued at approximately $27,266,582,000. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on AMZN shares. Robert W. Baird lifted their price target on shares of Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Stifel Nicolaus lifted their price target on shares of Amazon.com from $245.00 to $262.00 and gave the company a “buy” rating in a research note on Tuesday. Barclays cut their price target on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Oppenheimer lifted their price target on shares of Amazon.com from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, June 20th. Finally, Jefferies Financial Group lifted their price target on shares of Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $255.21.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares of the company’s stock, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 25,102,037 shares of company stock valued at $5,674,871,223 over the last three months. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.8%

AMZN stock opened at $231.01 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company has a fifty day moving average price of $216.73 and a two-hundred day moving average price of $208.97. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market cap of $2.45 trillion, a price-to-earnings ratio of 37.62, a price-to-earnings-growth ratio of 1.73 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same period in the previous year, the business posted $0.98 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.