Midwest Heritage Bank FSB Trims Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Midwest Heritage Bank FSB trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 11.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,620 shares of the e-commerce giant’s stock after selling 200 shares during the quarter. Midwest Heritage Bank FSB’s holdings in Amazon.com were worth $246,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Mayflower Financial Advisors LLC increased its holdings in Amazon.com by 0.3% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 572 shares during the period. PayPay Securities Corp increased its holdings in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares during the period. Laurel Wealth Planning LLC increased its holdings in shares of Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares during the period. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Amazon.com in the 4th quarter valued at $37,000. Finally, Swaine & Leidel Wealth Services LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at $38,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the sale, the chief executive officer now owns 512,858 shares in the company, valued at $92,688,826.34. The disclosure for this sale can be found here. Insiders sold 32,213,510 shares of company stock valued at $5,505,798,456 over the last quarter. 12.30% of the stock is currently owned by insiders.

Amazon.com Stock Performance

NASDAQ AMZN opened at $179.22 on Friday. The stock has a market capitalization of $1.86 trillion, a price-to-earnings ratio of 61.80, a PEG ratio of 1.60 and a beta of 1.16. Amazon.com, Inc. has a twelve month low of $101.15 and a twelve month high of $189.77. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average of $177.28 and a 200 day moving average of $156.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The business’s revenue was up 13.9% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMZN. Wells Fargo & Company lifted their price target on Amazon.com from $211.00 to $217.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Truist Financial lifted their price target on Amazon.com from $195.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday. Maxim Group began coverage on Amazon.com in a research note on Wednesday. They set a “buy” rating and a $218.00 target price on the stock. UBS Group boosted their target price on Amazon.com from $180.00 to $198.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Evercore ISI boosted their target price on Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Buy” and an average price target of $202.80.

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.