Horizon Investment Services LLC Purchases New Position in Amazon.com, Inc. (AMZN)
Horizon Investment Services LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 255 shares of the e-commerce giant’s stock, valued at approximately $226,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. OLD Second National Bank of Aurora boosted its stake in Amazon.com by 15.0% during the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after buying an additional 15 shares in the last quarter. Lipe & Dalton acquired a new stake in Amazon.com during the first quarter worth $124,000. Arcadia Investment Management Corp MI boosted its stake in Amazon.com by 43.7% during the first quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock worth $152,000 after buying an additional 52 shares in the last quarter. First PREMIER Bank boosted its stake in Amazon.com by 8.5% during the first quarter. First PREMIER Bank now owns 191 shares of the e-commerce giant’s stock worth $169,000 after buying an additional 15 shares in the last quarter. Finally, Feltz Wealth PLAN Inc. acquired a new stake in Amazon.com during the first quarter worth $180,000. Hedge funds and other institutional investors own 60.80% of the company’s stock.
WARNING: This report was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/09/12/horizon-investment-services-llc-purchases-new-position-in-amazon-com-inc-amzn.html.
Several equities research analysts have recently commented on AMZN shares. Royal Bank Of Canada set a $1,100.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research note on Monday. MKM Partners restated a “buy” rating and issued a $1,275.00 target price on shares of Amazon.com in a research note on Thursday, September 7th. DA Davidson started coverage on shares of Amazon.com in a research note on Wednesday, September 6th. They issued a “buy” rating and a $1,300.00 target price on the stock. Cantor Fitzgerald restated a “buy” rating and issued a $1,150.00 target price on shares of Amazon.com in a research note on Friday, September 1st. Finally, Jefferies Group LLC restated a “buy” rating and issued a $1,250.00 target price on shares of Amazon.com in a research note on Thursday, August 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, forty-six have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $1,092.58.
Shares of Amazon.com, Inc. (AMZN) traded up 0.33% during trading on Tuesday, hitting $981.22. The stock had a trading volume of 1,348,655 shares. The firm has a 50-day moving average price of $981.92 and a 200 day moving average price of $946.48. The company has a market capitalization of $471.36 billion, a PE ratio of 249.55 and a beta of 1.47. Amazon.com, Inc. has a 52 week low of $710.10 and a 52 week 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). The company had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The company’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.78 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post $3.99 earnings per share for the current year.
In related news, CEO Andrew R. Jassy sold 1,985 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 81,479 shares in the company, valued at approximately $80,348,071.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $985.25, for a total value of $699,527.50. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,852,500. The disclosure for this sale can be found here. Insiders have sold a total of 9,793 shares of company stock valued at $9,574,377 over the last 90 days. 17.70% of the stock is currently owned by company 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 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.