Independence Bank of Kentucky Acquires 5,141 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Independence Bank of Kentucky raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 10.5% during the second quarter, HoldingsChannel reports. The firm owned 53,877 shares of the e-commerce giant’s stock after acquiring an additional 5,141 shares during the quarter. Amazon.com accounts for 2.8% of Independence Bank of Kentucky’s holdings, making the stock its 5th largest position. Independence Bank of Kentucky’s holdings in Amazon.com were worth $10,412,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. GUNN & Co INVESTMENT MANAGEMENT INC. raised its position in shares of Amazon.com by 291.8% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 28,995 shares of the e-commerce giant’s stock worth $4,406,000 after acquiring an additional 21,595 shares in the last quarter. Paradigm Financial Partners LLC raised its position in shares of Amazon.com by 1.4% in the 4th quarter. Paradigm Financial Partners LLC now owns 64,186 shares of the e-commerce giant’s stock worth $9,752,000 after acquiring an additional 891 shares in the last quarter. RiverFront Investment Group LLC raised its position in shares of Amazon.com by 5.7% in the 4th quarter. RiverFront Investment Group LLC now owns 117,134 shares of the e-commerce giant’s stock worth $17,797,000 after acquiring an additional 6,305 shares in the last quarter. Kapstone Financial Advisors LLC raised its position in shares of Amazon.com by 5.3% in the 4th quarter. Kapstone Financial Advisors LLC now owns 7,655 shares of the e-commerce giant’s stock worth $1,208,000 after acquiring an additional 387 shares in the last quarter. Finally, Little House Capital LLC raised its position in shares of Amazon.com by 5.9% in the 4th quarter. Little House Capital LLC now owns 51,610 shares of the e-commerce giant’s stock worth $7,842,000 after acquiring an additional 2,853 shares in 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 Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the completion of the transaction, the insider now owns 931,925,277 shares of the company’s stock, valued at $186,450,290,169.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $184.89 on Tuesday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The company has a market cap of $1.92 trillion, a P/E ratio of 51.79, a PEG ratio of 1.39 and a beta of 1.14. The firm has a 50-day moving average of $179.22 and a 200 day moving average of $181.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the subject of several research reports. The Goldman Sachs Group reduced their target price on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Robert W. Baird raised their target price on Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research note on Friday, June 21st. Roth Mkm raised their target price on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. TD Cowen raised their target price on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, Jefferies Financial Group reduced their target price on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and an average price target of $222.49.

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.