Busey Bank Has $121.37 Million Stake in Amazon.com, Inc. $AMZN

Busey Bank increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 582,749 shares of the e-commerce giant’s stock after acquiring an additional 5,086 shares during the period. Amazon.com comprises 3.3% of Busey Bank’s investment portfolio, making the stock its 5th biggest holding. Busey Bank’s holdings in Amazon.com were worth $121,369,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AMZN. Vanguard Group Inc. raised its position in Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after buying an additional 8,913,959 shares during the last quarter. State Street Corp boosted its holdings in Amazon.com by 1.8% during the 4th quarter. State Street Corp now owns 388,653,121 shares of the e-commerce giant’s stock worth $89,708,913,000 after acquiring an additional 6,971,680 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Amazon.com by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 225,120,994 shares of the e-commerce giant’s stock worth $51,753,622,000 after acquiring an additional 2,479,324 shares during the last quarter. Norges Bank bought a new stake in shares of Amazon.com in the 4th quarter worth $32,868,735,000. Finally, Auto Owners Insurance Co grew its stake in shares of Amazon.com by 27,376.7% in the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock worth $2,272,397,000 after acquiring an additional 98,090,585 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 31,352 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $275.00, for a total transaction of $8,621,800.00. Following the completion of the transaction, the chief executive officer directly owned 2,175,766 shares of the company’s stock, valued at approximately $598,335,650. This represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the completion of the sale, the senior vice president directly owned 41,190 shares of the company’s stock, valued at $11,060,750.70. This represents a 18.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 144,274 shares of company stock valued at $38,716,204 in the last quarter. 8.90% of the stock is currently owned by company insiders.

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Wedbush, Citizens JMP, and KeyBanc all reiterated bullish views on Amazon, with price targets implying meaningful upside and confidence that AWS re-acceleration and AI infrastructure demand can support earnings growth. Analyst coverage referenced in article feed
• Positive Sentiment: Multiple reports highlighted Amazon’s AI and cloud opportunity, including comments that AWS is the “star of the show,” that Amazon has a cost advantage in the AI data-center buildout, and that AI chip sales could become a large new business. Article title
• Positive Sentiment: June retail sales data and Prime Day commentary suggested Amazon continues to benefit from resilient consumer spending and online shopping strength, especially heading into back-to-school season. Article title
• Positive Sentiment: Technical coverage noted AMZN has moved back above its 50-day moving average, which traders often view as a short-term bullish signal. Article title
• Neutral Sentiment: Amazon’s warehouse automation and staffing software is drawing attention, but the pilot appears to be facing internal pushback rather than signaling a major business change. Article title
• Negative Sentiment: Investors remain wary about Amazon’s aggressive capex for AI and cloud infrastructure, with some commentary warning that heavy spending could weigh on free cash flow and near-term returns. Article title
• Negative Sentiment: AWS veteran Dave Brown’s departure after 19 years adds a bit of executive turnover risk to Amazon’s cloud unit, though replacement plans are already in place. Article title

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMZN. Robert W. Baird raised their price target on shares of Amazon.com from $285.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Morgan Stanley increased their price objective on shares of Amazon.com from $300.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Scotiabank reissued an “outperform” rating and set a $325.00 target price (up from $275.00) on shares of Amazon.com in a research report on Thursday, April 30th. Rosenblatt Securities boosted their target price on Amazon.com from $296.00 to $332.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, DA Davidson upped their target price on Amazon.com from $175.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $312.76.

Amazon.com Stock Performance

Shares of AMZN stock opened at $249.89 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. The firm has a market cap of $2.69 trillion, a price-to-earnings ratio of 29.89, a P/E/G ratio of 1.90 and a beta of 1.46. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $278.56. The firm’s 50-day simple moving average is $251.33 and its two-hundred day simple moving average is $235.85.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The firm had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. During the same period in the prior year, the firm earned $1.59 EPS. The company’s revenue was up 16.6% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 7.75 earnings per share for the current year.

Amazon.com Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.