Benin Management CORP Purchases 70 Shares of Amazon.com, Inc. (AMZN)
Benin Management CORP grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,430 shares of the e-commerce giant’s stock after purchasing an additional 70 shares during the quarter. Benin Management CORP’s holdings in Amazon.com were worth $1,384,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Appropriate Balance Financial Services Inc. purchased a new position in shares of Amazon.com during the 2nd quarter valued at approximately $1,422,000. Axel Capital Management LLC purchased a new position in shares of Amazon.com during the 2nd quarter valued at approximately $9,680,000. OLD Second National Bank of Aurora increased its holdings in shares of Amazon.com by 69.6% during the 2nd quarter. OLD Second National Bank of Aurora now owns 195 shares of the e-commerce giant’s stock valued at $189,000 after purchasing an additional 80 shares in the last quarter. Chase Investment Counsel Corp increased its holdings in shares of Amazon.com by 20.8% during the 2nd quarter. Chase Investment Counsel Corp now owns 7,373 shares of the e-commerce giant’s stock valued at $7,137,000 after purchasing an additional 1,272 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC increased its holdings in shares of Amazon.com by 0.4% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 272 shares of the e-commerce giant’s stock valued at $263,000 after purchasing an additional 1 shares in the last quarter. 60.80% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This report was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://www.thecerbatgem.com/2017/09/11/benin-management-corp-purchases-70-shares-of-amazon-com-inc-amzn.html.
Shares of Amazon.com, Inc. (AMZN) traded up 1.3876% on Monday, hitting $979.3032. The stock had a trading volume of 1,341,589 shares. The firm has a market cap of $470.44 billion, a P/E ratio of 249.0598 and a beta of 1.47. The company’s 50-day moving average price is $981.92 and its 200 day moving average price is $945.80. Amazon.com, Inc. has a 12-month low of $710.10 and a 12-month high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.40 by $1.00. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. During the same period in the previous year, the company earned $1.78 earnings per share. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com, Inc. will post $3.99 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on AMZN shares. Instinet cut their target price on shares of Amazon.com from $1,100.00 to $975.00 and set a “buy” rating for the company in a report on Friday, June 16th. Loop Capital reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, June 8th. Vetr lowered shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,132.46 target price for the company. in a report on Tuesday, July 18th. KeyCorp reaffirmed a “hold” rating on shares of Amazon.com in a report on Monday, August 28th. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-six have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $1,092.58.
In other news, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,552,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 710 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $987.39, for a total value of $701,046.90. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,873,900. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,793 shares of company stock worth $9,574,377. Insiders own 17.70% of the company’s stock.
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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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.