Chesley Taft & Associates LLC Has $12.03 Million Holdings in Amazon.com, Inc. (AMZN)
Chesley Taft & Associates LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,430 shares of the e-commerce giant’s stock after selling 209 shares during the period. Chesley Taft & Associates LLC’s holdings in Amazon.com were worth $12,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Lipe & Dalton purchased a new stake in shares of Amazon.com during the first quarter valued at about $124,000. Arcadia Investment Management Corp MI boosted its holdings in shares of 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 valued at $152,000 after buying an additional 52 shares in the last quarter. Feltz Wealth PLAN Inc. bought a new stake in shares of Amazon.com in the 1st quarter valued at about $180,000. Farmers Trust Co. bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $208,000. Finally, Berson & Corrado Investment Advisors LLC bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $208,000. Institutional investors own 60.77% of the company’s stock.
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Shares of Amazon.com, Inc. (AMZN) traded up 0.54% during trading on Wednesday, hitting $962.27. 1,596,613 shares of the stock were exchanged. Amazon.com, Inc. has a one year low of $710.10 and a one year high of $1,083.31. The stock has a market cap of $462.25 billion, a PE ratio of 244.73 and a beta of 1.47. The stock’s 50 day moving average price is $965.72 and its 200 day moving average price is $960.16.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share 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 analyst estimates of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. Amazon.com’s revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.78 earnings per share. Equities research analysts predict that Amazon.com, Inc. will post $3.66 EPS for the current year.
In other Amazon.com news, VP Shelley Reynolds sold 544 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total transaction of $536,666.88. Following the transaction, the vice president now owns 6,533 shares of the company’s stock, valued at approximately $6,444,935.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jeffrey A. Wilke sold 710 shares of Amazon.com stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $987.39, for a total value of $701,046.90. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,873,900. The disclosure for this sale can be found here. Insiders have sold 9,083 shares of company stock worth $8,874,850 in the last ninety days. Corporate insiders own 17.70% of the company’s stock.
A number of research analysts have recently issued reports on AMZN shares. Instinet reduced their price objective on shares of Amazon.com from $1,100.00 to $975.00 and set a “buy” rating for the company in a research note on Friday, June 16th. Loop Capital reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, June 8th. Vetr cut shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,132.46 target price for the company. in a research report on Tuesday, July 18th. Royal Bank Of Canada set a $1,100.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research note on Monday, September 11th. Finally, KeyCorp restated a “hold” rating on shares of Amazon.com in a research note on Monday, August 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the company. Amazon.com has an average rating of “Buy” and a consensus target price of $1,106.85.
Amazon.com Company Profile
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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