Trust Department MB Financial Bank N A Raises Stake in Amazon.com, Inc. (AMZN)
Trust Department MB Financial Bank N A lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,314 shares of the e-commerce giant’s stock after purchasing an additional 104 shares during the quarter. Amazon.com accounts for 1.6% of Trust Department MB Financial Bank N A’s investment portfolio, making the stock its 13th largest holding. Trust Department MB Financial Bank N A’s holdings in Amazon.com were worth $14,824,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Lipe & Dalton bought a new stake in Amazon.com during the first quarter worth $124,000. Arcadia Investment Management Corp MI grew its holdings 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. Feltz Wealth PLAN Inc. bought a new stake in Amazon.com during the first quarter worth $180,000. Tufton Capital Management bought a new stake in Amazon.com during the first quarter worth $204,000. Finally, Day & Ennis LLC bought a new stake in Amazon.com during the first quarter worth $204,000. 60.76% of the stock is currently owned by institutional investors.
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In related news, CEO Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,552,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 710 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 15,312 shares of the company’s stock, valued at approximately $15,032,402.88. The disclosure for this sale can be found here. Insiders sold a total of 9,083 shares of company stock valued at $8,874,850 in the last 90 days. 17.70% of the stock is currently owned by company insiders.
Shares of Amazon.com, Inc. (AMZN) traded up 0.52% during mid-day trading on Friday, hitting $961.35. The company had a trading volume of 2,543,759 shares. The company has a 50-day moving average price of $973.80 and a 200-day moving average price of $952.61. Amazon.com, Inc. has a 1-year low of $710.10 and a 1-year high of $1,083.31. The company has a market capitalization of $461.81 billion, a price-to-earnings ratio of 244.49 and a beta of 1.47.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($1.00). The firm had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The business’s revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the business earned $1.78 EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post $3.65 EPS for the current year.
AMZN has been the subject of several recent research reports. Credit Suisse Group reiterated an “outperform” rating on shares of Amazon.com in a report on Thursday, August 31st. Cowen and Company reiterated an “outperform” rating and set a $1,125.00 price target on shares of Amazon.com in a report on Thursday, August 10th. Deutsche Bank AG reiterated a “buy” rating on shares of Amazon.com in a report on Monday, June 12th. Zacks Investment Research downgraded Amazon.com from a “hold” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Barclays PLC upped their price target on Amazon.com from $1,120.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,107.47.
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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