Amazon.com, Inc. (AMZN) Stake Increased by Amarillo National Bank
Amarillo National Bank grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 43.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,733 shares of the e-commerce giant’s stock after buying an additional 521 shares during the quarter. Amazon.com comprises 0.6% of Amarillo National Bank’s investment portfolio, making the stock its 24th biggest holding. Amarillo National Bank’s holdings in Amazon.com were worth $1,678,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Lipe & Dalton acquired a new stake in shares of Amazon.com in the 1st quarter valued at approximately $124,000. Arcadia Investment Management Corp MI increased its stake in Amazon.com by 43.7% in the 1st quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock valued at $152,000 after purchasing an additional 52 shares in the last quarter. Feltz Wealth PLAN Inc. purchased a new position in Amazon.com in the 1st quarter valued at approximately $180,000. Tufton Capital Management purchased a new position in Amazon.com in the 1st quarter valued at approximately $204,000. Finally, Day & Ennis LLC purchased a new position in Amazon.com in the 1st quarter valued at approximately $204,000. 60.76% of the stock is owned by institutional investors and hedge funds.
Amazon.com, Inc. (NASDAQ:AMZN) traded up 0.52% during mid-day trading on Friday, hitting $961.35. 2,543,759 shares of the stock traded hands. The firm has a market cap of $461.81 billion, a P/E ratio of 244.49 and a beta of 1.47. The firm’s 50-day moving average price is $973.80 and its 200-day moving average price is $952.61. Amazon.com, Inc. has a 52 week low of $710.10 and a 52 week high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($1.00). The business had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.78 EPS. On average, equities analysts forecast that Amazon.com, Inc. will post $3.65 earnings per share for the current fiscal year.
In other news, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $981.74, for a total value of $697,035.40. Following the completion of the transaction, the chief executive officer now directly owns 15,312 shares in the company, valued at approximately $15,032,402.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,552,000. The disclosure for this sale can be found here. Insiders sold a total of 9,083 shares of company stock valued at $8,874,850 in the last three months. Insiders own 17.70% of the company’s stock.
AMZN has been the subject of several research analyst reports. Loop Capital reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, June 8th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, June 12th. Piper Jaffray Companies raised their price objective on Amazon.com from $1,050.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Monday, June 12th. Vetr raised Amazon.com from a “hold” rating to a “buy” rating and set a $1,023.89 price objective for the company in a research note on Monday, June 12th. Finally, BidaskClub downgraded Amazon.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $1,107.47.
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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