Security National Bank of SO Dak Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

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Security National Bank of SO Dak lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 198 shares of the e-commerce giant’s stock after selling 35 shares during the period. Security National Bank of SO Dak’s holdings in Amazon.com were worth $375,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Enterprise Trust & Investment Co bought a new position in shares of Amazon.com in the 2nd quarter worth about $27,000. Signet Investment Advisory Group Inc. bought a new stake in shares of Amazon.com in the fourth quarter worth approximately $33,000. Litman Gregory Asset Management LLC bought a new stake in shares of Amazon.com in the second quarter worth approximately $53,000. Clear Investment Research LLC grew its stake in shares of Amazon.com by 27.6% in the second quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock worth $70,000 after acquiring an additional 8 shares during the period. Finally, Contravisory Investment Management Inc. grew its stake in shares of Amazon.com by 20.6% in the second quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock worth $78,000 after acquiring an additional 7 shares during the period. 55.71% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Jeffrey A. Wilke sold 3,475 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,773.99, for a total value of $6,164,615.25. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at $17,739,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 7,308 shares of the business’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the completion of the sale, the chief executive officer now owns 92,614 shares in the company, valued at approximately $185,228,000. The disclosure for this sale can be found here. Insiders sold 30,514 shares of company stock worth $56,347,835 in the last 90 days. 16.10% of the stock is currently owned by company insiders.

AMZN has been the subject of a number of research analyst reports. Raymond James set a $2,080.00 price target on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Friday, July 26th. UBS Group reissued a “buy” rating on shares of Amazon.com in a report on Friday, July 26th. Bank of America reissued a “buy” rating and issued a $2,350.00 price objective (up previously from $2,300.00) on shares of Amazon.com in a report on Friday, July 26th. Mizuho reissued a “buy” rating and issued a $2,200.00 price objective (up previously from $2,080.00) on shares of Amazon.com in a report on Friday, July 26th. Finally, Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $2,259.84.

Shares of Amazon.com stock traded down $30.08 on Friday, hitting $1,791.42. 1,970,166 shares of the company traded hands, compared to its average volume of 2,741,719. The stock has a market capitalization of $901.96 billion, a P/E ratio of 88.95, a price-to-earnings-growth ratio of 2.32 and a beta of 1.57. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10. Amazon.com, Inc. has a 52 week low of $1,307.00 and a 52 week high of $2,035.80. The business has a 50-day simple moving average of $1,803.58 and a 200 day simple moving average of $1,842.46.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the consensus estimate of $5.29 by ($0.07). Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The business had revenue of $63.40 billion during the quarter, compared to the consensus estimate of $62.59 billion. During the same quarter in the prior year, the firm posted $5.07 EPS. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 24.01 earnings per share for the current year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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