Private Asset Management Inc. Has $3.90 Million Stake in Amazon.com, Inc. (AMZN)
Private Asset Management Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,027 shares of the e-commerce giant’s stock after purchasing an additional 262 shares during the quarter. Private Asset Management Inc.’s holdings in Amazon.com were worth $3,898,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. OLD Second National Bank of Aurora grew its stake in Amazon.com by 15.0% in the 1st quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock valued at $102,000 after acquiring an additional 15 shares during the period. Lipe & Dalton acquired a new stake in Amazon.com in the 1st quarter valued at $124,000. Arcadia Investment Management Corp MI grew its stake in 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 acquiring an additional 52 shares during the period. First PREMIER Bank grew its stake in Amazon.com by 8.5% in the 1st quarter. First PREMIER Bank now owns 191 shares of the e-commerce giant’s stock valued at $169,000 after acquiring an additional 15 shares during the period. Finally, Feltz Wealth PLAN Inc. acquired a new stake in Amazon.com in the 1st quarter valued at $180,000. 60.80% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Jeffrey A. Wilke sold 2,800 shares of Amazon.com 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 transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,552,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total value of $536,666.88. Following the completion of the transaction, the vice president now owns 6,533 shares in the company, valued at $6,444,935.16. The disclosure for this sale can be found here. Insiders sold a total of 9,793 shares of company stock worth $9,574,377 over the last 90 days. Insiders own 17.70% of the company’s stock.
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Amazon.com, Inc. (NASDAQ AMZN) traded down 1.0734% during mid-day trading on Thursday, hitting $988.8700. The company had a trading volume of 2,301,567 shares. The company has a market cap of $475.03 billion, a PE ratio of 251.4929 and a beta of 1.47. Amazon.com, Inc. has a one year low of $710.10 and a one year high of $1,083.31. The company’s 50 day moving average price is $980.19 and its 200-day moving average price is $947.70.
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 company 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 was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 earnings per share. Equities research analysts anticipate that Amazon.com, Inc. will post $4.01 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on the stock. UBS AG reissued a “buy” rating and issued a $1,100.00 price target on shares of Amazon.com in a research note on Wednesday, June 21st. TheStreet cut shares of Amazon.com from a “b-” rating to a “c+” rating in a research note on Monday, July 10th. Tigress Financial reissued a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 9th. KeyCorp reissued a “hold” rating on shares of Amazon.com in a research note on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $1,275.00 price target on shares of Amazon.com in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, forty-six have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $1,094.66.
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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