Finward Bancorp Acquires New Shares in Amazon.com, Inc. (NASDAQ:AMZN)

Finward Bancorp acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, Holdings Channel.com reports. The firm acquired 5,362 shares of the e-commerce giant’s stock, valued at approximately $1,176,000. Amazon.com makes up approximately 1.0% of Finward Bancorp’s portfolio, making the stock its 26th biggest position.

A number of other hedge funds have also bought and sold shares of AMZN. Momentous Wealth Management Inc. bought a new position in shares of Amazon.com in the fourth quarter worth $749,000. Segall Bryant & Hamill LLC increased its holdings in shares of Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after purchasing an additional 39,696 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Amazon.com by 173.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock worth $759,434,000 after purchasing an additional 2,196,353 shares during the period. Blankinship & Foster LLC increased its holdings in shares of Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after purchasing an additional 4,740 shares during the period. Finally, One Wealth Capital Management LLC bought a new position in shares of Amazon.com in the fourth quarter worth $4,270,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on AMZN shares. Piper Sandler reaffirmed an “overweight” rating and issued a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Wedbush reissued an “outperform” rating and issued a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Bank of America dropped their price target on Amazon.com from $257.00 to $225.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. HSBC upped their price objective on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Canaccord Genuity Group reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $244.09.

Amazon.com Trading Up 8.1%

NASDAQ AMZN opened at $208.64 on Tuesday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a 50 day simple moving average of $188.50 and a two-hundred day simple moving average of $208.25. The stock has a market cap of $2.21 trillion, a P/E ratio of 37.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter last year, the business posted $0.98 EPS. The business’s revenue was up 8.6% on a year-over-year basis. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In other news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. The trade was a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 107,298 shares of company stock worth $23,818,478 in the last quarter. 9.70% of the stock is owned by company insiders.

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.