Hills Bank & Trust Co. Cuts Position at Amazon.com, Inc. (NASDAQ:AMZN)

Hills Bank & Trust Co. has reduced its stake in Amazon.com, Inc., according to its latest 13F filing with the Securities and Exchange Commission. (NASDAQ:AMZN – Free Report) up 0.6% in the fourth quarter. The company owned 68,158 shares of the e-commerce giant after selling 387 shares during the quarter. Amazon.com comprises approximately 1.0% of Hills Bank & Trust Co’s portfolio, making it the 22nd largest company. Hills Bank & Trust Co’s stake in Amazon.com was worth $10,356,000, according to its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also made changes to their positions in the stock. Vanguard Group Inc. increased its exposure to Amazon.com shares by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after acquiring an additional 32,038,029 shares during the period. FMR LLC increased its exposure to Amazon.com shares by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares during the period. Northern Trust Corp increased its holdings in shares of Amazon.com by 3.7% in the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after acquiring an additional 3,260,411 shares during the period. Jennison Associates LLC increased its exposure to shares of Amazon.com by 2.5% in the 4th quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock valued at $8,565,017,000 after acquiring an additional 1,389,503 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Amazon.com shares by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock valued at $7,888,870,000 after acquiring an additional 1,525,922 shares during the period. 72.20% of the shares are currently owned by hedge funds and other institutional investors.

Confidential activity

In other news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock valued at $21,726,894.20. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. In other news, Keith Brian Alexander, Director sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the sale, the director now directly owns 4,760 shares of the company’s stock valued at $886,407.20. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. Additionally, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39 for a total value of $489,753.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 117,894 shares of company stock worth $21,363,909. Corporate insiders own 10.80% of the company’s shares.

Changes in analyst ratings

Many brokerages have recently published reports on AMZN. Benchmark maintained a “buy” rating on the stock and set a price target of $200.00 for shares of Amazon.com in a report issued on Wednesday, May 1st. Mizuho increased their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Canaccord Genuity Group increased their price target on Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. BMO Capital Markets increased their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, Telsey Advisory Group raised their price target on Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. One investment analyst rated the company’s shares with a hold rating, forty-four issued a buy rating, and one gave a strong buy rating to the company’s shares. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $211.62.

See our latest analysis on Amazon.com

Amazon.com pricing performance

On Thursday, NASDAQ:AMZN opened at $182.02. Amazon.com, Inc. it has a 12 month low of $118.35 and a 12 month high of $191.70. The stock has a 50-day moving average of $182.37 and a two-hundred-day moving average of $167.05. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt to equity ratio of 0.27. The company has a market capitalization of $1.89 trillion, a P/E ratio of 50.99, a price-to-earnings ratio of 1.29 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported EPS of $0.98 for the quarter, $0.15 above the consensus estimate of $0.83. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period last year, the company earned $0.31 EPS. Amazon.com’s quarterly revenue increased 12.5% year-over-year. On average, analysts expect Amazon.com, Inc. will see 4.72 earnings per share for the current fiscal year.

Amazon.com company profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

Confidential activity

Changes in analyst ratings

Amazon.com pricing performance

Amazon.com company profile

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