Busey Trust CO lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,198 shares of the e-commerce giant’s stock after selling 183 shares during the quarter. Amazon.com accounts for 4.2% of Busey Trust CO’s portfolio, making the stock its 3rd largest position. Busey Trust CO’s holdings in Amazon.com were worth $42,832,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of AMZN. BKD Wealth Advisors LLC boosted its stake in shares of Amazon.com by 3.1% in the second quarter. BKD Wealth Advisors LLC now owns 943 shares of the e-commerce giant’s stock worth $1,603,000 after buying an additional 28 shares during the last quarter. Granite Springs Asset Management LLC boosted its stake in shares of Amazon.com by 6.1% in the second quarter. Granite Springs Asset Management LLC now owns 518 shares of the e-commerce giant’s stock worth $880,000 after buying an additional 30 shares during the last quarter. Cornerstone Advisors Inc. boosted its stake in shares of Amazon.com by 3.9% in the second quarter. Cornerstone Advisors Inc. now owns 802 shares of the e-commerce giant’s stock worth $1,363,000 after buying an additional 30 shares during the last quarter. Private Trust Co. NA boosted its stake in shares of Amazon.com by 0.7% in the second quarter. Private Trust Co. NA now owns 4,504 shares of the e-commerce giant’s stock worth $7,655,000 after buying an additional 31 shares during the last quarter. Finally, Palladium Partners LLC raised its holdings in Amazon.com by 6.9% in the 1st quarter. Palladium Partners LLC now owns 493 shares of the e-commerce giant’s stock worth $714,000 after purchasing an additional 32 shares during the period. Institutional investors and hedge funds own 57.36% of the company’s stock.
In related news, Director Thomas O. Ryder sold 5,000 shares of the 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 value of $8,919,050.00. Following the completion of the sale, the director now owns 10,752 shares of the company’s stock, valued at $19,179,525.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Tom A. Alberg sold 2,320 shares of the stock in a transaction that occurred on Monday, August 6th. The shares were 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. In the last ninety days, insiders sold 25,308 shares of company stock valued at $47,905,498. Insiders own 16.30% of the company’s stock.
NASDAQ:AMZN opened at $1,788.61 on Friday. Amazon.com, Inc. has a one year low of $962.50 and a one year high of $2,050.50. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $976.95 billion, a P/E ratio of 393.10, a P/E/G ratio of 4.17 and a beta of 1.58.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 EPS for the quarter, beating 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 firm had revenue of $52.89 billion during the quarter, compared to analysts’ expectations of $53.37 billion. During the same quarter last year, the firm earned $0.40 earnings per share. The business’s revenue for the quarter was up 39.3% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 17.78 earnings per share for the current year.
A number of equities analysts recently weighed in on AMZN shares. Citigroup upped their price target on Amazon.com from $2,100.00 to $2,250.00 and gave the stock a “buy” rating in a report on Monday, September 10th. Barclays reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, September 17th. ValuEngine raised Amazon.com from a “hold” rating to a “buy” rating in a report on Thursday, September 13th. Morgan Stanley reaffirmed an “overweight” rating and issued a $2,500.00 price target (up previously from $1,850.00) on shares of Amazon.com in a report on Wednesday, August 29th. Finally, Wells Fargo & Co reaffirmed a “buy” rating and issued a $2,110.00 price target on shares of Amazon.com in a report on Tuesday, September 4th. Four equities research analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the stock. Amazon.com has an average rating of “Buy” and a consensus target price of $2,005.64.
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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