Busey Bank Has $121.37 Million Stake in Amazon.com, Inc. $AMZN

Busey Bank boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 582,749 shares of the e-commerce giant’s stock after buying an additional 5,086 shares during the period. Amazon.com makes up 3.3% of Busey Bank’s investment portfolio, making the stock its 5th biggest holding. Busey Bank’s holdings in Amazon.com were worth $121,369,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. MilWealth Group LLC lifted its holdings in Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock worth $41,000 after purchasing an additional 79 shares in the last quarter. Lifetime Wealth Management P.C. bought a new position in Amazon.com in the 4th quarter worth about $45,000. Elkhorn Partners Limited Partnership grew its holdings in Amazon.com by 900.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 180 shares in the last quarter. Fairway Wealth LLC grew its holdings in Amazon.com by 95.6% during the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 108 shares in the last quarter. Finally, Prudent Man Investment Management Inc. increased its position in shares of Amazon.com by 87.7% during the fourth quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock valued at $53,000 after buying an additional 107 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Wedbush, Citizens JMP, and KeyBanc all reiterated bullish views on Amazon, with price targets implying meaningful upside and confidence that AWS re-acceleration and AI infrastructure demand can support earnings growth. Analyst coverage referenced in article feed
• Positive Sentiment: Multiple reports highlighted Amazon’s AI and cloud opportunity, including comments that AWS is the “star of the show,” that Amazon has a cost advantage in the AI data-center buildout, and that AI chip sales could become a large new business. Article title
• Positive Sentiment: June retail sales data and Prime Day commentary suggested Amazon continues to benefit from resilient consumer spending and online shopping strength, especially heading into back-to-school season. Article title
• Positive Sentiment: Technical coverage noted AMZN has moved back above its 50-day moving average, which traders often view as a short-term bullish signal. Article title
• Neutral Sentiment: Amazon’s warehouse automation and staffing software is drawing attention, but the pilot appears to be facing internal pushback rather than signaling a major business change. Article title
• Negative Sentiment: Investors remain wary about Amazon’s aggressive capex for AI and cloud infrastructure, with some commentary warning that heavy spending could weigh on free cash flow and near-term returns. Article title
• Negative Sentiment: AWS veteran Dave Brown’s departure after 19 years adds a bit of executive turnover risk to Amazon’s cloud unit, though replacement plans are already in place. Article title

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AMZN shares. Raymond James Financial restated an “outperform” rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, May 1st. Telsey Advisory Group upped their target price on shares of Amazon.com from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Monness Crespi & Hardt increased their target price on shares of Amazon.com from $280.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Royal Bank Of Canada reissued a “buy” rating on shares of Amazon.com in a report on Tuesday, June 16th. Finally, Needham & Company LLC boosted their price target on shares of Amazon.com from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $312.76.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 2,363 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $262.38, for a total transaction of $620,003.94. Following the sale, the vice president owned 119,780 shares in the company, valued at $31,427,876.40. This trade represents a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of Amazon.com stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $263.40, for a total value of $4,074,007.80. Following the sale, the chief executive officer directly owned 14,159 shares of the company’s stock, valued at approximately $3,729,480.60. This trade represents a 52.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 144,274 shares of company stock worth $38,716,204. Corporate insiders own 8.90% of the company’s stock.

Amazon.com Trading Down 2.0%

Shares of AMZN opened at $249.89 on Friday. The firm’s 50 day simple moving average is $251.33 and its 200 day simple moving average is $235.85. The company has a market capitalization of $2.69 trillion, a P/E ratio of 29.89, a P/E/G ratio of 1.90 and a beta of 1.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $278.56.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The business had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. During the same period in the previous year, the business posted $1.59 earnings per share. Amazon.com’s revenue for the quarter was up 16.6% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 7.75 earnings per share for the current fiscal year.

About Amazon.com

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.