First Interstate Bank Has $16.51 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

First Interstate Bank lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 108,685 shares of the e-commerce giant’s stock after selling 2,560 shares during the quarter. Amazon.com accounts for approximately 1.2% of First Interstate Bank’s investment portfolio, making the stock its 17th biggest position. First Interstate Bank’s holdings in Amazon.com were worth $16,514,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. PayPay Securities Corp lifted its stake in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in Amazon.com in the fourth quarter valued at about $57,000. Authentikos Wealth Advisory LLC bought a new position in Amazon.com in the third quarter valued at about $49,000. Finally, AM Squared Ltd acquired a new position in Amazon.com during the third quarter worth about $76,000. 72.20% of the stock is owned by institutional investors.

Insider Activity

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $168.65, for a total value of $8,432,500.00. Following the sale, the chief executive officer now owns 2,014,055 shares of the company’s stock, valued at approximately $339,670,375.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The disclosure for this sale can be found here. Insiders sold a total of 32,217,010 shares of company stock valued at $5,506,442,301 over the last three months. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $188.70 on Tuesday. The firm’s fifty day moving average price is $179.29 and its two-hundred day moving average price is $161.18. The company has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 52.86, a P/E/G ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $104.70 and a 1 year high of $189.77.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. During the same period in the prior year, the firm posted $0.31 EPS. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. As a group, analysts anticipate that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AMZN shares. Stifel Nicolaus raised their price target on shares of Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Roth Mkm reiterated a “buy” rating and set a $210.00 price target (up from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. Oppenheimer upped their target price on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Susquehanna lifted their price target on Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, February 2nd. Finally, Mizuho upped their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com has an average rating of “Buy” and a consensus price target of $211.62.

Amazon.com Company 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.