Community Bank & Trust Waco Texas lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 24.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,292 shares of the e-commerce giant’s stock after purchasing an additional 252 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Amazon.com were worth $2,196,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Taylor Hoffman Wealth Management purchased a new position in shares of Amazon.com during the 4th quarter valued at about $108,000. Santori & Peters Inc. purchased a new position in shares of Amazon.com during the 4th quarter valued at about $121,000. Lee Financial Co raised its stake in shares of Amazon.com by 154.3% during the 1st quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock valued at $129,000 after buying an additional 54 shares during the last quarter. Point72 Asia Hong Kong Ltd purchased a new position in shares of Amazon.com during the 1st quarter valued at about $145,000. Finally, University of Texas Investment Managment Co. purchased a new position in shares of Amazon.com during the 4th quarter valued at about $164,000. 57.41% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on AMZN. ValuEngine upgraded Amazon.com from a “hold” rating to a “buy” rating in a research note on Thursday. Barclays reiterated a “buy” rating on shares of Amazon.com in a research note on Tuesday. Macquarie reiterated a “buy” rating on shares of Amazon.com in a research note on Monday. Wells Fargo & Co reiterated a “buy” rating and set a $2,300.00 price objective (up previously from $2,110.00) on shares of Amazon.com in a research note on Monday. Finally, Citigroup lifted their price objective on Amazon.com from $2,100.00 to $2,250.00 and gave the company a “buy” rating in a research note on Monday. One research analyst has rated the stock with a hold rating and fifty-one have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $1,976.73.
In other news, Director Thomas O. Ryder sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $1,783.81, for a total transaction of $8,919,050.00. Following the transaction, the director now directly owns 10,752 shares in the company, valued at approximately $19,179,525.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Tom A. Alberg sold 2,320 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $1,827.29, for a total value of $4,239,312.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,308 shares of company stock worth $43,942,058. 16.30% of the stock is currently owned by insiders.
AMZN stock opened at $1,989.87 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.78 and a current ratio of 1.07. Amazon.com, Inc. has a 12-month low of $931.75 and a 12-month high of $2,050.50. The stock has a market capitalization of $969.21 billion, a P/E ratio of 437.33, a PEG ratio of 4.14 and a beta of 1.60.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $2.58. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The company had revenue of $52.89 billion for the quarter, compared to analysts’ expectations of $53.37 billion. During the same period in the previous year, the firm posted $0.40 EPS. Amazon.com’s revenue was up 39.3% compared to the same quarter last year. analysts expect that Amazon.com, Inc. will post 17.77 earnings per share for the current year.
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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