OLD National Bancorp IN Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

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OLD National Bancorp IN grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,349 shares of the e-commerce giant’s stock after buying an additional 199 shares during the quarter. Amazon.com comprises 2.0% of OLD National Bancorp IN’s holdings, making the stock its 7th biggest position. OLD National Bancorp IN’s holdings in Amazon.com were worth $39,586,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. acquired a new position in shares of Amazon.com in the 1st quarter worth approximately $294,639,000. Alliancebernstein L.P. grew its stake in shares of Amazon.com by 83.0% in the 1st quarter. Alliancebernstein L.P. now owns 1,752,984 shares of the e-commerce giant’s stock worth $3,417,828,000 after purchasing an additional 795,171 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Amazon.com by 26.1% in the 1st quarter. Wellington Management Group LLP now owns 2,721,098 shares of the e-commerce giant’s stock worth $5,305,379,000 after purchasing an additional 563,991 shares during the last quarter. Girard Partners LTD. grew its stake in shares of Amazon.com by 8,783.7% in the 1st quarter. Girard Partners LTD. now owns 519,965 shares of the e-commerce giant’s stock worth $12,121,000 after purchasing an additional 514,112 shares during the last quarter. Finally, Capital Research Global Investors grew its stake in shares of Amazon.com by 10.7% in the 1st quarter. Capital Research Global Investors now owns 4,501,995 shares of the e-commerce giant’s stock worth $8,777,634,000 after purchasing an additional 435,331 shares during the last quarter. Institutional investors own 64.54% of the company’s stock.

Several equities analysts have recently issued reports on the stock. DA Davidson lifted their price objective on shares of Amazon.com from $2,625.00 to $3,800.00 and gave the stock a “buy” rating in a research note on Friday. Monness Crespi & Hardt lifted their target price on shares of Amazon.com from $3,500.00 to $3,750.00 and gave the stock a “buy” rating in a research report on Friday. BofA Securities lifted their target price on shares of Amazon.com from $3,280.00 to $3,560.00 and gave the stock a “buy” rating in a research report on Friday. Guggenheim lifted their target price on shares of Amazon.com from $2,700.00 to $3,600.00 in a research report on Friday. Finally, Jefferies Financial Group lifted their target price on shares of Amazon.com from $3,100.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $3,240.51.

Shares of AMZN stock opened at $3,164.68 on Friday. Amazon.com, Inc. has a 1 year low of $1,626.03 and a 1 year high of $3,344.29. The firm’s fifty day simple moving average is $2,884.55 and its 200 day simple moving average is $2,314.52. The firm has a market capitalization of $1,578.47 billion, a P/E ratio of 121.67, a price-to-earnings-growth ratio of 5.83 and a beta of 1.32. The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.74 by $8.56. Amazon.com had a net margin of 4.10% and a return on equity of 21.51%. The business had revenue of $88.91 billion for the quarter, compared to analyst estimates of $81.56 billion. Equities research analysts anticipate that Amazon.com, Inc. will post 20.12 EPS for the current fiscal year.

In other Amazon.com news, CEO Andrew R. Jassy sold 6,945 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $2,256.50, for a total value of $15,671,392.50. Following the sale, the chief executive officer now owns 93,105 shares of the company’s stock, valued at approximately $210,091,432.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Patricia Q. Stonesifer sold 2,200 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $2,329.44, for a total transaction of $5,124,768.00. Following the completion of the sale, the director now directly owns 4,645 shares in the company, valued at approximately $10,820,248.80. The disclosure for this sale can be found here. Insiders own 16.10% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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