Bank of The West boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 20.6% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,232 shares of the e-commerce giant’s stock after acquiring an additional 1,236 shares during the quarter. Amazon.com accounts for about 1.5% of Bank of The West’s investment portfolio, making the stock its 7th largest position. Bank of The West’s holdings in Amazon.com were worth $12,293,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Trail Advisors LLC increased its position in shares of Amazon.com by 180,406.1% during the 1st quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after purchasing an additional 9,842,959 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in shares of Amazon.com by 198,956.6% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock valued at $1,949,000 after purchasing an additional 3,338,491 shares during the last quarter. Mackay Shields LLC bought a new position in shares of Amazon.com during the 1st quarter valued at about $248,912,000. Natixis increased its position in shares of Amazon.com by 296.9% during the 1st quarter. Natixis now owns 198,729 shares of the e-commerce giant’s stock valued at $287,629,000 after purchasing an additional 148,654 shares during the last quarter. Finally, ADAMCAPITAL Gestao de Recursos Ltda. bought a new position in shares of Amazon.com during the 4th quarter valued at about $172,579,000. Institutional investors and hedge funds own 57.36% of the company’s stock.
Several equities analysts have recently commented on the company. Macquarie reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, June 22nd. JMP Securities restated a “buy” rating on shares of Amazon.com in a report on Thursday, June 21st. BidaskClub cut Amazon.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 26th. Zacks Investment Research upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $1,993.00 target price for the company in a report on Tuesday, July 31st. Finally, ValuEngine cut Amazon.com from a “buy” rating to a “hold” rating in a report on Friday. Four investment analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $2,005.64.
NASDAQ AMZN opened at $1,788.61 on Friday. Amazon.com, Inc. has a fifty-two week low of $962.50 and a fifty-two week 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 $976.95 billion, a price-to-earnings ratio of 386.47, a price-to-earnings-growth ratio of 4.17 and a beta of 1.58.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share for the quarter, topping the 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 business had revenue of $52.89 billion during the quarter, compared to analysts’ expectations of $53.37 billion. During the same quarter last year, the business posted $0.40 EPS. The business’s revenue was up 39.3% on a year-over-year basis. As a group, research analysts expect that Amazon.com, Inc. will post 17.78 earnings per share for the current year.
In other news, insider Jeffrey M. Blackburn sold 4,108 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $1,952.10, for a total value of $8,019,226.80. Following the completion of the transaction, the insider now owns 42,874 shares in the company, valued at approximately $83,694,335.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $2,004.25, for a total value of $4,008,500.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $20,042,500. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,308 shares of company stock valued at $47,905,498. 16.30% of the stock is currently owned by company insiders.
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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