US Bancorp DE Boosts Position in Amazon.com, Inc. (AMZN)
US Bancorp DE boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 205,653 shares of the e-commerce giant’s stock after buying an additional 27,044 shares during the period. US Bancorp DE’s holdings in Amazon.com were worth $182,319,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in AMZN. OLD Second National Bank of Aurora increased its position in Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock valued at $102,000 after buying an additional 15 shares during the period. Arcadia Investment Management Corp MI increased its position in Amazon.com by 43.7% in the first quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock valued at $152,000 after buying an additional 52 shares during the period. First PREMIER Bank increased its position in Amazon.com by 8.5% in the first quarter. First PREMIER Bank now owns 191 shares of the e-commerce giant’s stock valued at $169,000 after buying an additional 15 shares during the period. Feltz Wealth PLAN Inc. purchased a new position in Amazon.com during the first quarter valued at $180,000. Finally, Tompkins Financial Corp increased its position in Amazon.com by 94.4% in the first quarter. Tompkins Financial Corp now owns 315 shares of the e-commerce giant’s stock valued at $187,000 after buying an additional 153 shares during the period. Institutional investors and hedge funds own 60.79% of the company’s stock.
Amazon.com, Inc. (NASDAQ:AMZN) traded up 0.40% during midday trading on Monday, reaching $949.05. The company had a trading volume of 1,029,840 shares. The company has a market capitalization of $455.90 billion, a P/E ratio of 241.37 and a beta of 1.48. Amazon.com, Inc. has a 52-week low of $710.10 and a 52-week high of $1,083.31. The company’s 50 day moving average is $993.73 and its 200-day moving average is $935.81.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by $1.00. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The firm had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. During the same period in the previous year, the company posted $1.78 EPS. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. Equities analysts expect that Amazon.com, Inc. will post $3.82 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on AMZN shares. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $1,100.00 target price (up previously from $970.00) on shares of Amazon.com in a research report on Monday, May 15th. MKM Partners restated a “buy” rating and issued a $1,095.00 target price (up previously from $995.00) on shares of Amazon.com in a research report on Monday, May 8th. Vetr upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $984.84 target price on the stock in a research report on Tuesday, May 2nd. Royal Bank Of Canada restated a “buy” rating on shares of Amazon.com in a research report on Tuesday, May 2nd. Finally, Argus reduced their price objective on Amazon.com from $1,050.00 to $935.00 and set a “buy” rating on the stock in a research report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $1,080.08.
In other news, VP Shelley Reynolds sold 544 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total transaction of $536,666.88. Following the completion of the sale, the vice president now owns 6,533 shares of the company’s stock, valued at $6,444,935.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 1,985 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total transaction of $1,957,448.20. Following the sale, the chief executive officer now directly owns 81,479 shares of the company’s stock, valued at approximately $80,348,071.48. The disclosure for this sale can be found here. Insiders have sold 15,263 shares of company stock valued at $15,094,906 in the last three months. 17.70% of the stock is owned by insiders.
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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