Zions Bancorporation N.A. Has $32.47 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Zions Bancorporation N.A. boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 148,014 shares of the e-commerce giant's stock after acquiring an additional 18,366 shares during the period. Amazon.com accounts for 2.0% of Zions Bancorporation N.A.'s portfolio, making the stock its 8th largest position. Zions Bancorporation N.A.'s holdings in Amazon.com were worth $32,473,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Swedbank AB lifted its stake in Amazon.com by 1.4% in the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock valued at $2,484,864,000 after buying an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC acquired a new stake in shares of Amazon.com during the third quarter worth $279,000. Howard Capital Management Group LLC lifted its position in Amazon.com by 0.3% in the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock valued at $66,434,000 after acquiring an additional 897 shares in the last quarter. Pettinga Financial Advisors LLC increased its holdings in Amazon.com by 4.3% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant's stock worth $1,027,000 after purchasing an additional 225 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Amazon.com by 5.1% in the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after purchasing an additional 984,570 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now owns 505,318 shares of the company's stock, valued at $115,434,843.92. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock worth $23,341,803 over the last ninety days. 10.80% of the stock is owned by insiders.

Amazon.com Trading Up 1.3 %

Shares of Amazon.com stock traded up $2.45 on Friday, hitting $188.99. The stock had a trading volume of 36,349,105 shares, compared to its average volume of 41,913,658. The stock has a 50 day moving average of $193.52 and a 200 day moving average of $207.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market capitalization of $2.00 trillion, a P/E ratio of 34.18, a PEG ratio of 1.50 and a beta of 1.39.

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

Analysts Set New Price Targets

Several equities research analysts have commented on AMZN shares. Truist Financial cut their target price on Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Cantor Fitzgerald cut their price target on shares of Amazon.com from $270.00 to $230.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Loop Capital lifted their target price on Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft decreased their price target on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Rosenblatt Securities boosted their target price on shares of Amazon.com from $236.00 to $287.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $247.56.

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.