First National Bank of Omaha Sells 24,205 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

First National Bank of Omaha reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 234,268 shares of the e-commerce giant’s stock after selling 24,205 shares during the quarter. Amazon.com accounts for about 1.2% of First National Bank of Omaha’s holdings, making the stock its 11th biggest holding. First National Bank of Omaha’s holdings in Amazon.com were worth $19,678,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bridgefront Capital LLC acquired a new stake in shares of Amazon.com in the first quarter valued at about $228,000. Krane Funds Advisors LLC increased its stake in shares of Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after buying an additional 55 shares during the period. Range Financial Group LLC acquired a new stake in shares of Amazon.com in the first quarter valued at about $258,000. My Personal CFO LLC acquired a new stake in shares of Amazon.com in the first quarter valued at about $261,000. Finally, Worth Asset Management LLC acquired a new stake in shares of Amazon.com in the first quarter valued at about $191,000. 57.64% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 21,925 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $115.37, for a total transaction of $2,529,487.25. Following the sale, the chief executive officer now directly owns 1,997,681 shares in the company, valued at approximately $230,472,456.97. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 21,925 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $115.37, for a total value of $2,529,487.25. Following the transaction, the chief executive officer now directly owns 1,997,681 shares in the company, valued at approximately $230,472,456.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $115.60, for a total value of $358,360.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $13,846,568. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,144 shares of company stock worth $8,405,887. 12.30% of the stock is owned by company insiders.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $115.00 on Friday. 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 52-week low of $81.43 and a 52-week high of $146.57. The firm has a market cap of $1.18 trillion, a price-to-earnings ratio of 273.81, a PEG ratio of 4.00 and a beta of 1.26. The business’s fifty day moving average is $105.19 and its 200 day moving average is $97.67.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AMZN shares. Roth Capital reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, February 3rd. Oppenheimer decreased their target price on Amazon.com from $135.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, April 6th. Credit Suisse Group decreased their target price on Amazon.com from $150.00 to $140.00 in a research note on Tuesday, April 25th. Benchmark raised their target price on Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Finally, JPMorgan Chase & Co. raised their target price on Amazon.com from $135.00 to $145.00 in a research note on Friday, April 28th. Three analysts have rated the stock with a hold rating and forty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.12.

About Amazon.com

(Get Rating)

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.