Amazon.com, Inc. (AMZN) Position Boosted by Watch Point Trust Co
Watch Point Trust Co lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 131.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 485 shares of the e-commerce giant’s stock after purchasing an additional 275 shares during the quarter. Watch Point Trust Co’s holdings in Amazon.com were worth $466,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. Whitnell & Co. increased its stake in Amazon.com by 581.3% during the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 93 shares in the last quarter. Vestor Capital LLC increased its stake in Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after buying an additional 10 shares in the last quarter. Clear Investment Research LLC increased its stake in Amazon.com by 73,100.0% during the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after buying an additional 731 shares in the last quarter. LeJeune Puetz Investment Counsel LLC purchased a new stake in Amazon.com during the 2nd quarter worth approximately $116,000. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in Amazon.com during the 2nd quarter worth approximately $121,000. Hedge funds and other institutional investors own 59.78% of the company’s stock.
In other news, Director Tom A. Alberg sold 835 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total transaction of $1,004,287.90. Following the sale, the director now owns 17,114 shares of the company’s stock, valued at $20,583,692.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $1,160.34, for a total value of $3,248,952.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $11,603,400. The disclosure for this sale can be found here. Insiders have sold 402,338 shares of company stock worth $444,391,701 over the last 90 days. 17.70% of the stock is owned by insiders.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The firm had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. During the same quarter last year, the company earned $0.52 earnings per share. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. sell-side analysts predict that Amazon.com, Inc. will post 4.24 EPS for the current fiscal year.
Several equities research analysts have commented on the company. SunTrust Banks reiterated a “buy” rating and set a $1,400.00 price objective (up from $1,270.00) on shares of Amazon.com in a research note on Friday. UBS Group reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday. Stifel Nicolaus boosted their price objective on Amazon.com from $1,313.00 to $1,425.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. reiterated a “buy” rating and set a $1,385.00 price objective (up from $1,375.00) on shares of Amazon.com in a research note on Wednesday. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $1,400.00 price objective (up from $1,200.00) on shares of Amazon.com in a research note on Tuesday, January 9th. Four analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the company. Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $1,262.35.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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