Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 378,272 shares of the e-commerce giant's stock after selling 16,540 shares during the period. Amazon.com makes up approximately 1.6% of OLD National Bancorp IN's portfolio, making the stock its 10th largest position. OLD National Bancorp IN's holdings in Amazon.com were worth $70,483,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cyndeo Wealth Partners LLC boosted its position in Amazon.com by 10.9% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 194,522 shares of the e-commerce giant's stock valued at $36,245,000 after buying an additional 19,081 shares during the period. Hardin Capital Partners LLC boosted its position in Amazon.com by 7.4% in the 3rd quarter. Hardin Capital Partners LLC now owns 2,564 shares of the e-commerce giant's stock valued at $468,000 after buying an additional 177 shares during the period. Pure Portfolios Holdings LLC purchased a new position in Amazon.com in the 3rd quarter valued at approximately $2,846,000. Mainsail Asset Management LLC lifted its position in shares of Amazon.com by 15.7% during the 3rd quarter. Mainsail Asset Management LLC now owns 9,296 shares of the e-commerce giant's stock worth $1,732,000 after purchasing an additional 1,263 shares during the last quarter. Finally, Bernardo Wealth Planning LLC lifted its position in shares of Amazon.com by 17.1% during the 3rd quarter. Bernardo Wealth Planning LLC now owns 16,883 shares of the e-commerce giant's stock worth $3,166,000 after purchasing an additional 2,470 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company's stock, valued at $12,171,900. The trade was a 3.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the transaction, the director now directly owns 94,630 shares in the company, valued at $19,858,105.50. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,011,423 shares of company stock valued at $1,249,093,896. Company insiders own 10.80% of the company's stock.

Analyst Ratings Changes

AMZN has been the subject of several recent analyst reports. Monness Crespi & Hardt lifted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. The Goldman Sachs Group boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a "buy" rating in a research report on Friday, November 1st. DA Davidson restated a "buy" rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. Royal Bank of Canada lifted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Morgan Stanley lifted their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $235.77.

Amazon.com Stock Down 0.8 %

AMZN stock opened at $202.88 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a fifty-two week low of $141.50 and a fifty-two week high of $215.90. The firm's 50-day simple moving average is $192.56 and its 200 day simple moving average is $186.18. The stock has a market cap of $2.13 trillion, a PE ratio of 43.44, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. During the same quarter last year, the company earned $0.85 EPS. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current year.

Amazon.com 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.