Watch Point Trust Co Takes Position in Amazon.com, Inc. (AMZN)
Watch Point Trust Co purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 210 shares of the e-commerce giant’s stock, valued at approximately $203,000.
A number of other large investors have also bought and sold shares of the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Amazon.com by 80,761.8% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 175,470 shares of the e-commerce giant’s stock worth $175,000 after buying an additional 175,253 shares in the last quarter. ARK Investment Management LLC purchased a new position in shares of Amazon.com during the fourth quarter worth approximately $13,285,000. Ally Financial Inc. purchased a new position in shares of Amazon.com during the fourth quarter worth approximately $5,249,000. Nations Financial Group Inc. IA ADV raised its position in shares of Amazon.com by 2.0% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 557 shares of the e-commerce giant’s stock worth $418,000 after buying an additional 11 shares in the last quarter. Finally, Texas Yale Capital Corp. raised its position in shares of Amazon.com by 28.5% in the fourth quarter. Texas Yale Capital Corp. now owns 839 shares of the e-commerce giant’s stock worth $629,000 after buying an additional 186 shares in the last quarter. Institutional investors and hedge funds own 61.90% of the company’s stock.
Shares of Amazon.com, Inc. (AMZN) traded down 0.22% during trading on Friday, reaching $958.47. 3,284,821 shares of the company were exchanged. The stock has a market capitalization of $460.43 billion, a P/E ratio of 243.76 and a beta of 1.48. The firm has a 50-day moving average price of $995.90 and a 200-day moving average price of $931.08. Amazon.com, Inc. has a 1-year low of $710.10 and a 1-year high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. The company had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.78 EPS. Equities research analysts predict that Amazon.com, Inc. will post $3.83 earnings per share for the current fiscal year.
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Several analysts recently weighed in on the company. UBS AG downgraded Amazon.com from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 25th. TheStreet downgraded Amazon.com from a “b-” rating to a “c+” rating in a research report on Monday, July 10th. Tigress Financial restated a “buy” rating on shares of Amazon.com in a research report on Wednesday, August 9th. KeyCorp restated a “hold” rating on shares of Amazon.com in a research report on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $1,275.00 price objective on shares of Amazon.com in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, forty-four have issued a buy rating and two have given a strong buy rating to the company. Amazon.com has an average rating of “Buy” and an average price target of $1,078.80.
In related news, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $1,011.06, for a total transaction of $2,022,120.00. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $10,110,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey A. Wilke sold 4,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,697,300. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,463 shares of company stock worth $16,299,266. 17.70% of the stock is owned by insiders.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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