Huntington National Bank Sells 3,577 Shares of Amazon.com Inc. (AMZN)
Huntington National Bank reduced its stake in shares of Amazon.com Inc. (NASDAQ:AMZN) by 16.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 18,002 shares of the e-commerce giant’s stock after selling 3,577 shares during the period. Huntington National Bank’s holdings in Amazon.com were worth $12,883,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of AMZN. Kistler Tiffany Companies LLC boosted its position in shares of Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock valued at $108,000 after buying an additional 136 shares during the period. West Oak Capital LLC boosted its position in shares of Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock valued at $155,000 after buying an additional 111 shares during the period. Perkins Coie Trust Co boosted its position in shares of Amazon.com by 200.0% in the second quarter. Perkins Coie Trust Co now owns 225 shares of the e-commerce giant’s stock valued at $161,000 after buying an additional 150 shares during the period. Ironwood Investment Counsel LLC bought a new position in shares of Amazon.com during the first quarter valued at about $203,000. Finally, Capital Asset Advisory Services LLC bought a new position in shares of Amazon.com during the second quarter valued at about $205,000. Hedge funds and other institutional investors own 65.44% of the company’s stock.
Amazon.com Inc. (NASDAQ:AMZN) traded up 0.30% during midday trading on Wednesday, hitting $833.50. 1,975,099 shares of the company were exchanged. The firm’s 50-day moving average price is $794.09 and its 200-day moving average price is $723.14. The stock has a market capitalization of $395.14 billion, a PE ratio of 207.29 and a beta of 1.20. Amazon.com Inc. has a one year low of $474.00 and a one year high of $847.21.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.67. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The business had revenue of $30.40 billion for the quarter, compared to analyst estimates of $29.54 billion. During the same period last year, the firm earned $0.19 earnings per share. Amazon.com’s revenue for the quarter was up 31.1% compared to the same quarter last year. Equities research analysts anticipate that Amazon.com Inc. will post $5.85 earnings per share for the current year.
AMZN has been the topic of a number of analyst reports. Zacks Investment Research raised Amazon.com from a “hold” rating to a “buy” rating and set a $774.00 price objective on the stock in a report on Tuesday, June 28th. Jefferies Group reaffirmed a “buy” rating and issued a $865.00 price objective on shares of Amazon.com in a report on Monday, June 27th. Morgan Stanley lifted their price objective on Amazon.com from $800.00 to $950.00 and gave the company an “overweight” rating in a report on Wednesday, October 5th. Royal Bank Of Canada lowered their price objective on Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating on the stock in a report on Friday, September 16th. Finally, Evercore ISI reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, July 18th. Five equities research analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $891.31.
In other Amazon.com news, VP Shelley Reynolds sold 625 shares of the stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $770.10, for a total transaction of $481,312.50. Following the sale, the vice president now directly owns 6,519 shares in the company, valued at $5,020,281.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 14,000 shares of the stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the sale, the chief executive officer now owns 68,141 shares in the company, valued at $54,512,800. The disclosure for this sale can be found here. Corporate insiders own 17.70% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
Receive News & Stock Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related stocks with our FREE daily email newsletter.