Iowa State Bank Buys 81 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Iowa State Bank boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,927 shares of the e-commerce giant’s stock after buying an additional 81 shares during the period. Amazon.com makes up about 1.7% of Iowa State Bank’s investment portfolio, making the stock its 18th largest holding. Iowa State Bank’s holdings in Amazon.com were worth $6,978,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Baskin Financial Services Inc. increased its position in Amazon.com by 0.8% during the 4th quarter. Baskin Financial Services Inc. now owns 238,497 shares of the e-commerce giant’s stock valued at $36,237,000 after buying an additional 1,992 shares in the last quarter. Physician Wealth Advisors Inc. increased its position in Amazon.com by 1.7% during the 4th quarter. Physician Wealth Advisors Inc. now owns 14,264 shares of the e-commerce giant’s stock valued at $2,208,000 after buying an additional 233 shares in the last quarter. RPg Family Wealth Advisory LLC increased its position in Amazon.com by 5.9% during the 4th quarter. RPg Family Wealth Advisory LLC now owns 44,858 shares of the e-commerce giant’s stock valued at $6,816,000 after buying an additional 2,515 shares in the last quarter. LMG Wealth Partners LLC increased its position in Amazon.com by 1.2% during the 4th quarter. LMG Wealth Partners LLC now owns 39,778 shares of the e-commerce giant’s stock valued at $6,044,000 after buying an additional 482 shares in the last quarter. Finally, Coastline Trust Co increased its position in Amazon.com by 13.7% during the 4th quarter. Coastline Trust Co now owns 121,395 shares of the e-commerce giant’s stock valued at $18,445,000 after buying an additional 14,619 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the sale, the chief executive officer now owns 512,858 shares in the company, valued at $92,688,826.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,214,010 shares of company stock worth $5,505,874,846. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $183.32 on Wednesday. The firm has a market cap of $1.91 trillion, a price-to-earnings ratio of 63.21, a price-to-earnings-growth ratio of 1.62 and a beta of 1.17. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $176.88 and a 200-day moving average price of $156.19. Amazon.com, Inc. has a twelve month low of $101.15 and a twelve month high of $189.77.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 earnings per share. As a group, equities research analysts predict that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research analyst reports. Wedbush reissued an “outperform” rating and issued a $220.00 target price on shares of Amazon.com in a report on Wednesday, April 10th. Raymond James lifted their target price on Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Oppenheimer lifted their target price on Amazon.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Stifel Nicolaus lifted their target price on Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Sanford C. Bernstein lifted their target price on Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and an average target price of $201.98.

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.