CENTRAL TRUST Co grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,805 shares of the e-commerce giant’s stock after acquiring an additional 211 shares during the quarter. Amazon.com accounts for approximately 1.6% of CENTRAL TRUST Co’s investment portfolio, making the stock its 10th biggest position. CENTRAL TRUST Co’s holdings in Amazon.com were worth $25,165,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in AMZN. Summit Trail Advisors LLC boosted its position in shares of Amazon.com by 180,406.1% in the first quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after acquiring an additional 9,842,959 shares during the period. Mackay Shields LLC bought a new stake in shares of Amazon.com in the first quarter valued at about $248,912,000. Natixis boosted its position in shares of Amazon.com by 296.9% in the first quarter. Natixis now owns 198,729 shares of the e-commerce giant’s stock valued at $287,629,000 after acquiring an additional 148,654 shares during the period. ADAMCAPITAL Gestao de Recursos Ltda. acquired a new position in Amazon.com in the fourth quarter valued at about $172,579,000. Finally, Dimensional Fund Advisors LP raised its stake in Amazon.com by 10.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,172,604 shares of the e-commerce giant’s stock valued at $1,697,157,000 after purchasing an additional 111,563 shares in the last quarter. 57.41% of the stock is owned by institutional investors.
In other news, CEO Andrew R. Jassy sold 1,726 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now 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, SVP David Zapolsky sold 1,927 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $1,899.96, for a total value of $3,661,222.92. Following the completion of the transaction, the senior vice president now directly owns 3,161 shares of the company’s stock, valued at approximately $6,005,773.56. The disclosure for this sale can be found here. Insiders sold 23,308 shares of company stock valued at $43,942,058 in the last ninety days. 16.30% of the stock is currently owned by insiders.
AMZN has been the subject of a number of analyst reports. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, August 7th. Macquarie reaffirmed a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 29th. ValuEngine downgraded Amazon.com from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Piper Jaffray Companies boosted their price target on Amazon.com from $1,850.00 to $2,075.00 and gave the company an “overweight” rating in a research note on Tuesday, July 17th. Finally, MKM Partners boosted their price target on Amazon.com from $1,840.00 to $2,215.00 and gave the company a “buy” rating in a research note on Wednesday, August 22nd. One analyst has rated the stock with a hold rating and fifty-one have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $1,976.73.
Amazon.com stock opened at $1,989.87 on Friday. Amazon.com, Inc. has a 1 year low of $931.75 and a 1 year high of $2,050.50. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 0.78. The company has a market capitalization of $969.21 billion, a PE ratio of 437.33, a PEG ratio of 4.14 and a beta of 1.60.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $53.37 billion. During the same quarter in the prior year, the firm posted $0.40 earnings per share. The firm’s revenue was up 39.3% compared to the same quarter last year. sell-side analysts predict that Amazon.com, Inc. will post 17.77 EPS for the current fiscal year.
Amazon.com Company Profile
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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