Hudson Valley Investment Advisors Inc. ADV Takes Position in Amazon.com, Inc. (AMZN)
Hudson Valley Investment Advisors Inc. ADV acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 136 shares of the e-commerce giant’s stock, valued at approximately $231,000.
Other institutional investors also recently made changes to their positions in the company. Taylor Hoffman Wealth Management bought a new stake in Amazon.com in the 4th quarter valued at $108,000. Santori & Peters Inc. bought a new stake in Amazon.com in the 4th quarter valued at $121,000. Lee Financial Co raised its stake in Amazon.com by 154.3% in the 1st quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock valued at $129,000 after acquiring an additional 54 shares during the period. Point72 Asia Hong Kong Ltd bought a new stake in Amazon.com in the 1st quarter valued at $145,000. Finally, University of Texas Investment Managment Co. bought a new stake in Amazon.com in the 4th quarter valued at $164,000. Institutional investors own 57.41% of the company’s stock.
A number of research firms recently weighed in on AMZN. ValuEngine upgraded Amazon.com from a “hold” rating to a “buy” rating in a research note on Thursday. Barclays restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, September 11th. Macquarie restated a “buy” rating on shares of Amazon.com in a research note on Monday, September 10th. Wells Fargo & Co restated a “buy” rating and issued a $2,300.00 price target (up previously from $2,110.00) on shares of Amazon.com in a research note on Monday, September 10th. Finally, Citigroup increased their price target on Amazon.com from $2,100.00 to $2,250.00 and gave the company a “buy” rating in a research note on Monday, September 10th. One equities research analyst has rated the stock with a hold rating and fifty-one have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $1,976.73.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $2.58. The company had revenue of $52.89 billion for the quarter, compared to analyst estimates of $53.37 billion. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. Amazon.com’s quarterly revenue was up 39.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS. equities analysts forecast that Amazon.com, Inc. will post 17.77 earnings per share for the current year.
In related news, CEO Andrew R. Jassy sold 1,726 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $1,900.00, for a total value of $3,279,400.00. Following the sale, the chief executive officer now directly owns 88,801 shares of the company’s stock, valued at $168,721,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $1,981.72, for a total value of $3,963,440.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $19,817,200. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,308 shares of company stock worth $47,905,498. 16.30% of the stock is currently owned by insiders.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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