First American Trust FSB increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,979 shares of the e-commerce giant’s stock after buying an additional 105 shares during the period. Amazon.com accounts for approximately 2.8% of First American Trust FSB’s holdings, making the stock its 6th biggest position. First American Trust FSB’s holdings in Amazon.com were worth $11,863,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Clinton Group Inc. bought a new stake in shares of Amazon.com during the 2nd quarter worth $2,082,000. Rockland Trust Co. boosted its holdings in shares of Amazon.com by 97.6% during the 2nd quarter. Rockland Trust Co. now owns 2,350 shares of the e-commerce giant’s stock worth $3,995,000 after buying an additional 1,161 shares during the period. Newman Dignan & Sheerar Inc. boosted its holdings in shares of Amazon.com by 13.3% during the 2nd quarter. Newman Dignan & Sheerar Inc. now owns 282 shares of the e-commerce giant’s stock worth $479,000 after buying an additional 33 shares during the period. DnB Asset Management AS boosted its holdings in shares of Amazon.com by 6.5% during the 2nd quarter. DnB Asset Management AS now owns 49,513 shares of the e-commerce giant’s stock worth $84,162,000 after buying an additional 3,002 shares during the period. Finally, Dorsey Wright & Associates boosted its holdings in shares of Amazon.com by 4.4% during the 2nd quarter. Dorsey Wright & Associates now owns 5,892 shares of the e-commerce giant’s stock worth $10,015,000 after buying an additional 248 shares during the period. 57.41% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on the stock. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $2,100.00 price objective (up from $2,075.00) on shares of Amazon.com in a report on Friday, July 27th. Macquarie reaffirmed a “buy” rating on shares of Amazon.com in a report on Wednesday, August 15th. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, August 23rd. Canaccord Genuity reiterated a “buy” rating and set a $2,000.00 target price (up from $1,800.00) on shares of Amazon.com in a research note on Thursday, July 12th. Finally, BidaskClub upgraded shares of Amazon.com from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 17th. One investment analyst has rated the stock with a hold rating and fifty-one have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $1,976.73.
Shares of AMZN stock opened at $1,989.87 on Friday. Amazon.com, Inc. has a 52-week low of $931.75 and a 52-week high of $2,050.50. The firm has a market capitalization of $969.21 billion, a PE ratio of 437.33, a price-to-earnings-growth ratio of 4.14 and a beta of 1.60. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.70.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $2.58. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The company had revenue of $52.89 billion during the quarter, compared to analysts’ expectations of $53.37 billion. During the same quarter in the prior year, the company posted $0.40 EPS. The business’s revenue was up 39.3% on a year-over-year basis. equities research analysts forecast that Amazon.com, Inc. will post 17.77 earnings per share for the current year.
In other news, CEO Andrew R. Jassy sold 1,726 shares of the stock in a transaction on Wednesday, August 15th. The shares were 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 in the company, valued at approximately $168,721,900. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Tom A. Alberg sold 2,320 shares of the stock in a transaction on Monday, August 6th. The shares were sold at an average price of $1,827.29, for a total transaction of $4,239,312.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,308 shares of company stock valued at $43,942,058. Corporate insiders own 16.30% of the company’s stock.
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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