Amazon.com, Inc. (NASDAQ:AMZN) is the fifth largest position of Independence Bank of Kentucky

Independence Bank of Kentucky increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 9.9% in the first quarter, according to the company’s latest 13F filing with the SEC. The fund held 48,736 shares of the e-commerce giant after purchasing an additional 4,405 shares during the quarter. Amazon.com accounts for about 2.6% of Independence Bank of Kentucky’s shares, making the stock its 5th largest position. Independence Bank of Kentucky’s stake in Amazon.com was worth $8,791,000, according to the company’s latest SEC filing.

Other hedge funds also bought and sold shares of the company. UniSuper Management Pty Ltd increased its position in shares of Amazon.com by 19.7% in the 3rd quarter. UniSuper Management Pty Ltd now owns 1,536,939 shares of the e-commerce giant’s stock worth $195,376,000 after purchasing an additional 253,367 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Amazon.com by 55.8% in the 3rd quarter. Acadian Asset Management LLC now owns 1,835,042 shares of the e-commerce giant’s stock worth $233,250,000 after purchasing an additional 656,909 shares in the last quarter. Azimuth Capital Investment Management LLC increased its position in shares of Amazon.com by 80.4% in the 3rd quarter. Azimuth Capital Investment Management LLC now owns 169,864 shares of the e-commerce giant’s stock worth $21,593,000 after purchasing an additional 75,701 shares during the last quarter. Regal Investment Advisors LLC increased its position in shares of Amazon.com by 0.4% in the third quarter. Regal Investment Advisors LLC now owns 70,019 shares of the e-commerce giant’s stock worth $8,901,000 after purchasing an additional 270 shares in the last quarter. Finally, Cardiff Park Advisors LLC increased its position in shares of Amazon.com by 0.5% in the third quarter. Cardiff Park Advisors LLC now owns 49,559 shares of the e-commerce giant’s stock worth $6,300,000 after purchasing an additional 252 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Internal Transactions

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, July 1. The shares were sold at an average price of $195.99, for a total transaction amount of $685,965.00. Following the transaction, the CEO now owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . In other news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction on Tuesday, May 21. The shares were sold at an average price of $181.39, for a total transaction amount of $489,753.00. Following the transaction, the VP now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is available at this link . Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, July 1. The shares were sold at an average price of $195.99, for a total of $685,965.00. Following the transaction, the CEO now directly owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. Disclosure of this sale can be found here . Over the last 90 days, insiders have sold 69,548 shares of the company’s stock, valued at $12,774,204. 10.80% of the stock is currently owned by corporate insiders.

Changes in analyst ratings

Several equity research analysts have recently commented on the stock. Moffett Nathanson reiterated a “buy” rating and set a $228.00 price target on shares of Amazon.com in a research report on Thursday, April 11. BMO Capital Markets raised their price target for Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1. Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research note on Wednesday, May 1. Morgan Stanley raised their price target for Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1. Finally, Mizuho raised their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, May 1. One equities research analyst rated the stock a “hold”, forty-three have given a buy rating, and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $215.86, according to data from MarketBeat.com.

Read our latest research report on Amazon.com

Amazon.com Stock Performance

AMZN stock opened at $197.59 on Friday. The company has a current ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company’s fifty day simple moving average is $185.10, and its two-hundred day simple moving average is $174.15. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $200.43. The company has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 55.35, a PEG ratio of 1.43, and a beta of 1.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue for the quarter was $143.31 billion, compared to analysts’ estimates of $142.65 billion. During the same quarter last year, the company reported $0.31 earnings per share. The company’s revenue increased 12.5% ​​compared to the same quarter last year. Analysts are predicting that Amazon.com, Inc. will report earnings per share of $4.72 for the current year.

Amazon.com Company Profile

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. 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 multimedia content.

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