Simmons Bank Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Simmons Bank raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,662 shares of the e-commerce giant’s stock after buying an additional 2,786 shares during the period. Simmons Bank’s holdings in Amazon.com were worth $9,380,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AMZN. Fiduciary Planning LLC lifted its holdings in shares of Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after purchasing an additional 5 shares during the last quarter. HBC Financial Services PLLC raised its holdings in Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after acquiring an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. raised its holdings in Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after acquiring an additional 5 shares during the last quarter. Alterna Wealth Management Inc. raised its holdings in Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after acquiring an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners raised its holdings in Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after acquiring an additional 6 shares during the last quarter. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Up 1.5 %

AMZN opened at $116.75 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $146.57. The firm’s fifty day moving average is $104.89 and its 200 day moving average is $97.55. The stock has a market cap of $1.20 trillion, a price-to-earnings ratio of 277.98, a price-to-earnings-growth ratio of 4.00 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The company had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. During the same quarter in the previous year, the company earned $0.21 EPS. Amazon.com’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, sell-side analysts forecast that Amazon.com, Inc. will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMZN. Wedbush boosted their price objective on shares of Amazon.com from $125.00 to $129.00 in a report on Friday, April 28th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Amazon.com from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, April 18th. Telsey Advisory Group restated an “outperform” rating and issued a $125.00 price objective on shares of Amazon.com in a report on Thursday, April 20th. Piper Sandler boosted their price objective on shares of Amazon.com from $123.00 to $130.00 in a report on Friday, April 28th. Finally, JMP Securities restated a “market outperform” rating and issued a $140.00 price objective on shares of Amazon.com in a report on Wednesday, April 19th. Three analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $143.12.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 2,299 shares of the business’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total value of $230,681.66. Following the sale, the chief executive officer now owns 138,320 shares in the company, valued at approximately $13,879,028.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 2,299 shares of the business’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total value of $230,681.66. Following the sale, the chief executive officer now owns 138,320 shares in the company, valued at approximately $13,879,028.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the sale, the chief executive officer now owns 560,298 shares in the company, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. Insiders have sold a total of 75,144 shares of company stock worth $8,405,887 in the last 90 days. 12.70% of the stock is currently owned by corporate insiders.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.