First Command Bank Buys 19 Shares of Amazon.com, Inc. (AMZN)
First Command Bank lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 916 shares of the e-commerce giant’s stock after acquiring an additional 19 shares during the quarter. First Command Bank’s holdings in Amazon.com were worth $886,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. OLD Second National Bank of Aurora lifted its holdings in Amazon.com by 15.0% in the 1st quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after purchasing an additional 15 shares in the last quarter. Lipe & Dalton purchased a new position in Amazon.com in the 1st quarter worth approximately $124,000. Arcadia Investment Management Corp MI lifted its holdings in Amazon.com by 43.7% in the 1st quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock worth $152,000 after purchasing an additional 52 shares in the last quarter. Feltz Wealth PLAN Inc. purchased a new position in Amazon.com in the 1st quarter worth approximately $180,000. Finally, Tompkins Financial Corp lifted its holdings in Amazon.com by 94.4% in the 1st quarter. Tompkins Financial Corp now owns 315 shares of the e-commerce giant’s stock worth $187,000 after purchasing an additional 153 shares in the last quarter. Institutional investors own 60.76% of the company’s stock.
A number of research analysts recently commented on the company. UBS AG reissued a “buy” rating and issued a $1,100.00 price target on shares of Amazon.com in a report on Wednesday, June 21st. TheStreet cut Amazon.com from a “b-” rating to a “c+” rating in a report on Monday, July 10th. Tigress Financial reissued a “buy” rating on shares of Amazon.com in a report on Wednesday, August 9th. KeyCorp reissued a “hold” rating on shares of Amazon.com in a report on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $1,275.00 price target on shares of Amazon.com in a report on Friday, July 28th. One investment 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 assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $1,096.67.
In other Amazon.com news, CEO Andrew R. Jassy sold 1,985 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total value of $1,957,448.20. Following the transaction, the chief executive officer now owns 81,479 shares of the company’s stock, valued at $80,348,071.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total value of $2,674,560.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,552,000. The disclosure for this sale can be found here. Insiders sold 9,793 shares of company stock worth $9,574,377 in the last ninety days. 17.70% of the stock is owned by corporate insiders.
Shares of Amazon.com, Inc. (NASDAQ AMZN) traded down 0.3719% during midday trading on Monday, reaching $983.1199. The company’s stock had a trading volume of 1,238,322 shares. Amazon.com, Inc. has a 12 month low of $710.10 and a 12 month high of $1,083.31. The stock’s 50 day moving average is $975.62 and its 200 day moving average is $949.38. The stock has a market capitalization of $472.27 billion, a PE ratio of 250.0305 and a beta of 1.47.
Amazon.com (NASDAQ:AMZN) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. Amazon.com’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.78 EPS. On average, analysts forecast that Amazon.com, Inc. will post $3.89 EPS for the current fiscal year.
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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