Carroll Financial Associates Inc. Acquires 260 Shares of Amazon.com, Inc. (AMZN)
Carroll Financial Associates Inc. boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 45.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 836 shares of the e-commerce giant’s stock after acquiring an additional 260 shares during the quarter. Carroll Financial Associates Inc.’s holdings in Amazon.com were worth $809,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of AMZN. OLD Second National Bank of Aurora raised its position 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 valued at $102,000 after acquiring an additional 15 shares in the last quarter. WealthTrust Arizona LLC raised its position in Amazon.com by 2.7% during the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after acquiring an additional 3 shares in the last quarter. LeJeune Puetz Investment Counsel LLC bought a new position in Amazon.com during the second quarter valued at approximately $116,000. Lipe & Dalton bought a new position in Amazon.com during the first quarter valued at approximately $124,000. Finally, Farmers & Merchants Investments Inc. raised its position in Amazon.com by 560.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock valued at $128,000 after acquiring an additional 112 shares in the last quarter. 60.80% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com, Inc. (NASDAQ AMZN) traded down 0.55% during midday trading on Friday, reaching $986.79. The company had a trading volume of 3,760,183 shares. The firm has a market capitalization of $474.03 billion, a price-to-earnings ratio of 250.96 and a beta of 1.47. The stock’s 50 day moving average is $975.62 and its 200 day moving average is $949.38. 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 announced its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 EPS. Equities research analysts expect that Amazon.com, Inc. will post $3.89 earnings per share for the current year.
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Several equities analysts recently weighed in on the stock. UBS AG reaffirmed a “buy” rating and set a $1,200.00 price objective on shares of Amazon.com in a research report on Saturday. Loop Capital assumed coverage on shares of Amazon.com in a research report on Tuesday. They set a “buy” rating and a $1,200.00 price objective on the stock. Barclays PLC reaffirmed an “overweight” rating and set a $1,150.00 price objective on shares of Amazon.com in a research report on Tuesday. Royal Bank Of Canada set a $1,100.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research report on Monday, September 11th. Finally, MKM Partners reaffirmed a “buy” rating and set a $1,275.00 price objective on shares of Amazon.com in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, forty-six have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $1,094.66.
In related news, CEO Andrew R. Jassy sold 1,985 shares of Amazon.com 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 in the company, valued at $80,348,071.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian T. Olsavsky sold 2,334 shares of Amazon.com stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $988.90, for a total value of $2,308,092.60. Following the sale, the insider now owns 1,748 shares in the company, valued at $1,728,597.20. The disclosure for this sale can be found here. Insiders have sold 9,793 shares of company stock worth $9,574,377 over the last quarter. 17.70% of the stock is currently 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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