Amazon.com, Inc. (AMZN) Holdings Decreased by First Bank & Trust
First Bank & Trust reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 885 shares of the e-commerce giant’s stock after selling 49 shares during the quarter. First Bank & Trust’s holdings in Amazon.com were worth $857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Clear Investment Research LLC boosted its position in shares of Amazon.com by 73,100.0% during the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after acquiring an additional 731 shares during the last quarter. WealthTrust Arizona LLC boosted its position in shares of Amazon.com by 2.7% during the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after acquiring an additional 3 shares during the last quarter. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Amazon.com during the second quarter worth $116,000. Lipe & Dalton bought a new position in shares of Amazon.com during the first quarter worth $124,000. Finally, Farmers & Merchants Investments Inc. boosted its position in shares of Amazon.com by 560.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock worth $128,000 after acquiring an additional 112 shares during the last quarter. Institutional investors and hedge funds own 60.73% of the company’s stock.
Shares of Amazon.com, Inc. (AMZN) opened at 982.91 on Friday. Amazon.com, Inc. has a 12-month low of $710.10 and a 12-month high of $1,083.31. The stock has a market capitalization of $472.17 billion, a P/E ratio of 249.98 and a beta of 1.47. The firm’s 50-day moving average price is $976.89 and its 200 day moving average price is $970.89.
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 consensus estimate of $1.40 by ($1.00). The company had revenue of $37.96 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company posted $1.78 EPS. Analysts predict that Amazon.com, Inc. will post $3.63 EPS for the current fiscal year.
A number of equities analysts recently weighed in on AMZN shares. Credit Suisse Group restated an “outperform” rating on shares of Amazon.com in a research report on Thursday, August 31st. Cowen and Company restated an “outperform” rating and set a $1,125.00 target price on shares of Amazon.com in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of Amazon.com from a “hold” rating to a “strong sell” rating in a research report on Monday, July 24th. Barclays PLC upped their target price on shares of Amazon.com from $1,120.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Finally, MKM Partners restated a “buy” rating and set a $1,275.00 target price on shares of Amazon.com in a research report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $1,121.48.
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In related news, CEO Andrew R. Jassy sold 1,985 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 81,479 shares in the company, valued at approximately $80,348,071.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 544 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total value of $536,666.88. Following the sale, the vice president now owns 6,533 shares of the company’s stock, valued at approximately $6,444,935.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,083 shares of company stock valued at $8,874,850. 17.70% of the stock is currently owned by corporate insiders.
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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