Amazon.com, Inc. (AMZN) Holdings Reduced by Curbstone Financial Management Corp
Curbstone Financial Management Corp cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,851 shares of the e-commerce giant’s stock after selling 113 shares during the period. Amazon.com accounts for about 1.1% of Curbstone Financial Management Corp’s investment portfolio, making the stock its 21st biggest position. Curbstone Financial Management Corp’s holdings in Amazon.com were worth $1,792,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in AMZN. TNB Financial acquired a new position in Amazon.com in the first quarter valued at about $10,575,000. Meritage Portfolio Management lifted its position in shares of Amazon.com by 21.6% during the first quarter. Meritage Portfolio Management now owns 24,546 shares of the e-commerce giant’s stock worth $21,761,000 after purchasing an additional 4,368 shares in the last quarter. Edge Wealth Management LLC lifted its position in shares of Amazon.com by 63.0% during the first quarter. Edge Wealth Management LLC now owns 2,195 shares of the e-commerce giant’s stock worth $1,951,000 after purchasing an additional 848 shares in the last quarter. Honkamp Krueger Financial Services Inc. lifted its position in shares of Amazon.com by 9.3% during the first quarter. Honkamp Krueger Financial Services Inc. now owns 1,697 shares of the e-commerce giant’s stock worth $1,504,000 after purchasing an additional 145 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in shares of Amazon.com by 11.1% during the first quarter. Private Trust Co. NA now owns 3,235 shares of the e-commerce giant’s stock worth $2,867,000 after purchasing an additional 323 shares in the last quarter. Hedge funds and other institutional investors own 60.80% of the company’s stock.
A number of equities analysts have recently issued reports on AMZN shares. J P Morgan Chase & Co reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, July 28th. Vetr upgraded shares of Amazon.com from a “buy” rating to a “strong-buy” rating and set a $1,095.08 target price on the stock in a research report on Monday, July 3rd. Citigroup Inc. reiterated a “buy” rating and set a $1,200.00 target price (down from $1,220.00) on shares of Amazon.com in a research report on Sunday, July 30th. BidaskClub lowered shares of Amazon.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $1,150.00 target price on shares of Amazon.com in a research report on Monday, June 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating, forty-six have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $1,094.66.
Shares of Amazon.com, Inc. (AMZN) traded down 0.55% during trading on Friday, hitting $986.79. 3,760,183 shares of the company were exchanged. The stock has a market capitalization of $474.03 billion, a PE ratio of 250.96 and a beta of 1.47. The company has a 50 day moving average of $975.62 and a 200-day moving average of $949.38. 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 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 business had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. During the same quarter in the previous year, the business posted $1.78 earnings per share. Amazon.com’s quarterly revenue was up 24.8% compared to the same quarter last year. On average, analysts forecast that Amazon.com, Inc. will post $3.89 earnings per share for the current year.
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In related news, CEO Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total value of $2,674,560.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,552,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey A. Wilke sold 710 shares of Amazon.com stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $981.74, for a total value of $697,035.40. Following the completion of the sale, the chief executive officer now owns 15,312 shares of the company’s stock, valued at $15,032,402.88. The disclosure for this sale can be found here. Insiders sold a total of 9,793 shares of company stock valued at $9,574,377 over the last quarter. 17.70% of the stock is owned by corporate 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.
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