Amazon.com, Inc. (AMZN) Position Boosted by BKD Wealth Advisors LLC
BKD Wealth Advisors LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 37.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 928 shares of the e-commerce giant’s stock after buying an additional 252 shares during the quarter. BKD Wealth Advisors LLC’s holdings in Amazon.com were worth $898,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Reinhart Partners Inc. grew its holdings in Amazon.com by 66.8% in the 1st quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock worth $699,000 after buying an additional 316 shares in the last quarter. Hengehold Capital Management LLC grew its holdings in Amazon.com by 3.5% in the 1st quarter. Hengehold Capital Management LLC now owns 384 shares of the e-commerce giant’s stock worth $340,000 after buying an additional 13 shares in the last quarter. Boston Advisors LLC grew its holdings in Amazon.com by 11.8% in the 1st quarter. Boston Advisors LLC now owns 95,063 shares of the e-commerce giant’s stock worth $84,277,000 after buying an additional 10,014 shares in the last quarter. CAPROCK Group Inc. grew its holdings in Amazon.com by 9.2% in the 1st quarter. CAPROCK Group Inc. now owns 3,529 shares of the e-commerce giant’s stock worth $3,129,000 after buying an additional 298 shares in the last quarter. Finally, CT Mason bought a new position in Amazon.com in the 1st quarter worth approximately $3,508,000. 60.76% of the stock is owned by institutional investors and hedge funds.
AMZN has been the subject of a number of research reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, June 12th. Loop Capital reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, June 8th. Instinet reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $1,150.00 price target on shares of Amazon.com in a research note on Thursday, June 1st. Finally, Aegis reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, May 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating, forty-six have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $1,096.67.
Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.317% during trading on Tuesday, hitting $971.105. 1,450,368 shares of the stock traded hands. The firm has a 50-day moving average of $974.31 and a 200-day moving average of $951.74. Amazon.com, Inc. has a 1-year low of $710.10 and a 1-year high of $1,083.31. The firm has a market capitalization of $466.50 billion, a price-to-earnings ratio of 246.975 and a beta of 1.47.
Amazon.com (NASDAQ:AMZN) last released 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 business had revenue of $37.96 billion for 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 revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.78 EPS. On average, equities 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 on Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,552,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the chief executive officer now directly owns 81,479 shares of the company’s stock, valued at approximately $80,348,071.48. The disclosure for this sale can be found here. Insiders have sold 9,793 shares of company stock valued at $9,574,377 in the last ninety days. 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.
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