First National Advisers LLC Buys 3,115 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

First National Advisers LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,011 shares of the e-commerce giant's stock after buying an additional 3,115 shares during the period. Amazon.com comprises about 3.3% of First National Advisers LLC's holdings, making the stock its 5th largest holding. First National Advisers LLC's holdings in Amazon.com were worth $20,625,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Accordant Advisory Group Inc boosted its holdings in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Icon Wealth Advisors LLC increased its stake in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after purchasing an additional 25,581 shares during the period. Quattro Financial Advisors LLC raised its holdings in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 45 shares during the last quarter. Compass Planning Associates Inc acquired a new stake in shares of Amazon.com during the fourth quarter worth about $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of Amazon.com during the fourth quarter worth about $54,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Down 1.0 %

Shares of AMZN traded down $1.82 during midday trading on Friday, hitting $172.51. The stock had a trading volume of 44,456,290 shares, compared to its average volume of 41,785,381. The company has a 50 day simple moving average of $198.44 and a two-hundred day simple moving average of $207.88. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market cap of $1.83 trillion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian T. Olsavsky sold 14,620 shares of Amazon.com stock in a transaction on Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the transaction, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at approximately $10,933,860. This trade represents a 22.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,798 shares of company stock worth $23,341,803. Company insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Truist Financial decreased their price target on Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Piper Sandler restated an "overweight" rating and issued a $265.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Jefferies Financial Group lowered their price target on shares of Amazon.com from $275.00 to $250.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. DA Davidson dropped their price target on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Stifel Nicolaus increased their target price on Amazon.com from $245.00 to $275.00 and gave the company a "buy" rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $252.73.

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.