Horizon Bancorp Inc. IN Has $814,000 Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Horizon Bancorp Inc. IN raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.4% in the third quarter, Holdings Channel.com reports. The firm owned 4,366 shares of the e-commerce giant’s stock after buying an additional 584 shares during the period. Amazon.com comprises approximately 0.4% of Horizon Bancorp Inc. IN’s investment portfolio, making the stock its 22nd biggest holding. Horizon Bancorp Inc. IN’s holdings in Amazon.com were worth $814,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after acquiring an additional 14,724,687 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after acquiring an additional 6,810,145 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Amazon.com by 1.5% in the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after acquiring an additional 1,042,177 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Amazon.com by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after acquiring an additional 289,532 shares in the last quarter. Finally, Capital International Investors grew its holdings in shares of Amazon.com by 7.4% in the first quarter. Capital International Investors now owns 42,370,172 shares of the e-commerce giant’s stock valued at $7,642,732,000 after acquiring an additional 2,932,192 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 4,766 shares of the business’s stock in a transaction 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 sale, the director now owns 94,630 shares in the company, valued at approximately $19,858,105.50. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,026,683 shares of company stock worth $1,252,148,795. 10.80% of the stock is owned by corporate insiders.

Amazon.com Trading Up 1.0 %

Shares of Amazon.com stock opened at $207.89 on Friday. The company’s fifty day simple moving average is $194.78 and its 200-day simple moving average is $186.94. The stock has a market capitalization of $2.19 trillion, a PE ratio of 44.52, a P/E/G ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $142.81 and a 1-year high of $215.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating 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 company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the company earned $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research analyst reports. Piper Sandler upped their price objective on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Sanford C. Bernstein upped their price objective on Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. JMP Securities upped their price objective on Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Monness Crespi & Hardt upped their price objective on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Benchmark upped their price objective on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $236.20.

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.