Kessler Investment Group LLC Invests $194,000 in Amazon.com, Inc. (AMZN)
Kessler Investment Group LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 200 shares of the e-commerce giant’s stock, valued at approximately $194,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Baltimore Washington Financial Advisors Inc. bought a new position in shares of Amazon.com during the fourth quarter worth about $23,951,000. OLD Second National Bank of Aurora increased its position in shares of Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after buying an additional 15 shares during the last quarter. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Amazon.com during the second quarter worth about $116,000. Ibex Wealth Advisors bought a new position in shares of Amazon.com during the fourth quarter worth about $113,000. Finally, Lipe & Dalton bought a new position in shares of Amazon.com during the first quarter worth about $124,000. 62.17% of the stock is owned by institutional investors.
Shares of Amazon.com, Inc. (AMZN) traded down 0.62% during trading on Wednesday, reaching $983.71. The company had a trading volume of 1,604,090 shares. 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 $472.55 billion, a PE ratio of 250.18 and a beta of 1.48. The stock’s 50-day moving average price is $1,000.69 and its 200-day moving average price is $920.11.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. The firm had revenue of $37.96 billion during 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 business’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter last year, the company earned $1.78 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post $3.83 earnings per share for the current fiscal year.
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A number of brokerages have issued reports on AMZN. UBS AG downgraded Amazon.com from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Amazon.com in a research report on Wednesday. Mizuho restated a “buy” rating and issued a $1,250.00 price objective on shares of Amazon.com in a research report on Monday. Wedbush restated a “buy” rating and issued a $1,250.00 price objective on shares of Amazon.com in a research report on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Amazon.com in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $1,065.61.
In other news, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $985.25, for a total transaction of $699,527.50. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,852,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction on Monday, June 5th. The shares were sold at an average price of $1,011.06, for a total value of $2,022,120.00. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $10,110,600. The disclosure for this sale can be found here. Insiders have sold a total of 10,890 shares of company stock valued at $10,800,023 in the last quarter. 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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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