Amazon.com, Inc. (AMZN) Shares Bought by Bridges Investment Management Inc.
Bridges Investment Management Inc. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,351 shares of the e-commerce giant’s stock after buying an additional 164 shares during the quarter. Amazon.com comprises 1.3% of Bridges Investment Management Inc.’s portfolio, making the stock its 18th biggest holding. Bridges Investment Management Inc.’s holdings in Amazon.com were worth $9,952,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vestor Capital LLC lifted its stake in shares of Amazon.com by 10.1% in the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after purchasing an additional 10 shares during the last quarter. WealthTrust Arizona LLC lifted its stake in shares of Amazon.com by 2.7% in the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after purchasing an additional 3 shares during the last quarter. LeJeune Puetz Investment Counsel LLC bought a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $116,000. Mountain Capital Investment Advisors Inc bought a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $121,000. Finally, Farmers & Merchants Investments Inc. lifted its stake in shares of Amazon.com by 560.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock valued at $128,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.
In other Amazon.com news, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the completion of the sale, the chief executive officer now owns 79,891,433 shares of the company’s stock, valued at approximately $88,162,593,058.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 1,985 shares of Amazon.com stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,125.38, for a total value of $2,233,879.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 402,338 shares of company stock worth $444,391,701. 17.70% of the stock is owned by company insiders.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. During the same quarter last year, the firm earned $0.52 earnings per share. The firm’s quarterly revenue was up 33.7% compared to the same quarter last year. analysts predict that Amazon.com, Inc. will post 4.24 earnings per share for the current year.
Several equities research analysts have recently issued reports on AMZN shares. TheStreet raised Amazon.com from a “c+” rating to a “b-” rating in a research note on Tuesday, November 7th. Needham & Company LLC set a $1,150.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Friday, August 25th. Independent Research reaffirmed a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 23rd. Royal Bank of Canada set a $1,100.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Monday, September 11th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $1,275.00 price objective on shares of Amazon.com in a research note on Thursday, September 7th. Four investment analysts have rated the stock with a hold rating and fifty-one have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $1,222.95.
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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