Notis McConarty Edward Reduces Stake in Amazon.com, Inc. (AMZN)
Notis McConarty Edward decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 410 shares of the e-commerce giant’s stock after selling 25 shares during the period. Notis McConarty Edward’s holdings in Amazon.com were worth $397,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of AMZN. OLD Second National Bank of Aurora increased its holdings in shares of 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 purchasing an additional 15 shares during the period. WealthTrust Arizona LLC increased its holdings in shares of Amazon.com by 2.7% in the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after purchasing an additional 3 shares during the period. LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Amazon.com in the 2nd quarter valued at about $116,000. Lipe & Dalton acquired a new position in shares of Amazon.com in the 1st quarter valued at about $124,000. Finally, Farmers & Merchants Investments Inc. increased its holdings in shares of Amazon.com by 560.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock valued at $128,000 after purchasing an additional 112 shares during the period. Institutional investors own 60.76% of the company’s stock.
AMZN has been the topic of a number of research reports. Credit Suisse Group reiterated an “outperform” rating on shares of Amazon.com in a report on Thursday, August 31st. Cowen and Company reiterated an “outperform” rating and issued a $1,125.00 target price on shares of Amazon.com in a report on Thursday, August 10th. Deutsche Bank AG reiterated a “buy” rating on shares of Amazon.com in a report on Monday, June 12th. Zacks Investment Research downgraded Amazon.com from a “hold” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Barclays PLC upped their target price on Amazon.com from $1,120.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-six have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $1,101.25.
In other news, CEO Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction that occurred 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 owns 10,000 shares in the company, valued at $9,552,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian T. Olsavsky sold 2,334 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $988.90, for a total value of $2,308,092.60. Following the completion of the transaction, the insider now owns 1,748 shares in the company, valued at approximately $1,728,597.20. The disclosure for this sale can be found here. Insiders sold 9,793 shares of company stock worth $9,574,377 in the last 90 days. Corporate insiders own 17.70% of the company’s stock.
Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.99% on Friday, hitting $955.10. The company’s stock had a trading volume of 2,774,777 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 cap of $458.81 billion, a PE ratio of 162.71 and a beta of 1.47. The firm has a 50 day moving average of $973.80 and a 200-day moving average of $952.61.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($1.00). Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The company had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. During the same quarter in the prior year, the business earned $1.78 EPS. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. On average, analysts expect that Amazon.com, Inc. will post $3.68 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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