Buffington Mohr McNeal Has $821,000 Position in Amazon.com, Inc. (AMZN)
Buffington Mohr McNeal increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 144.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 848 shares of the e-commerce giant’s stock after buying an additional 501 shares during the quarter. Buffington Mohr McNeal’s holdings in Amazon.com were worth $821,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Reinhart Partners Inc. increased its position in Amazon.com by 66.8% during the 1st quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock valued at $699,000 after purchasing an additional 316 shares during the period. Hengehold Capital Management LLC increased its position in Amazon.com by 3.5% during the 1st quarter. Hengehold Capital Management LLC now owns 384 shares of the e-commerce giant’s stock valued at $340,000 after purchasing an additional 13 shares during the period. CAPROCK Group Inc. increased its position in Amazon.com by 9.2% during the 1st quarter. CAPROCK Group Inc. now owns 3,529 shares of the e-commerce giant’s stock valued at $3,129,000 after purchasing an additional 298 shares during the period. CT Mason purchased a new position in Amazon.com during the 1st quarter valued at $3,508,000. Finally, First Foundation Advisors increased its position in Amazon.com by 99.9% during the 1st quarter. First Foundation Advisors now owns 6,634 shares of the e-commerce giant’s stock valued at $5,881,000 after purchasing an additional 3,316 shares during the period. 60.77% of the stock is currently owned by institutional investors.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $981.74, for a total transaction of $697,035.40. Following the transaction, the chief executive officer now owns 15,312 shares in the company, valued at $15,032,402.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,552,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,083 shares of company stock worth $8,874,850. 17.70% of the stock is currently owned by insiders.
A number of research analysts have issued reports on AMZN shares. Credit Suisse Group reissued an “outperform” rating on shares of Amazon.com in a research report on Thursday, August 31st. Cowen and Company reissued an “outperform” rating and set a $1,125.00 price objective on shares of Amazon.com in a research report on Thursday, August 10th. Deutsche Bank AG reissued a “buy” rating on shares of Amazon.com in a research report on Monday, June 12th. Zacks Investment Research downgraded shares of Amazon.com from a “hold” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Barclays PLC boosted their price objective on shares of Amazon.com from $1,120.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and a consensus target price of $1,109.80.
Amazon.com, Inc. (NASDAQ AMZN) traded up 1.2502% during midday trading on Thursday, reaching $977.5202. The company’s stock had a trading volume of 1,719,482 shares. The company has a market capitalization of $469.58 billion, a P/E ratio of 248.6064 and a beta of 1.47. Amazon.com, Inc. has a 1-year low of $710.10 and a 1-year high of $1,083.31. The company has a 50 day moving average of $965.23 and a 200-day moving average of $960.20.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Zacks’ 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%. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.78 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post $3.66 earnings per share for the current fiscal year.
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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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