Amazon.com, Inc. (AMZN) Stake Raised by Bollard Group LLC
Bollard Group LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 30,155 shares of the e-commerce giant’s stock after buying an additional 1,809 shares during the period. Amazon.com accounts for 1.6% of Bollard Group LLC’s investment portfolio, making the stock its 4th largest position. Bollard Group LLC’s holdings in Amazon.com were worth $29,190,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in AMZN. OLD Second National Bank of Aurora boosted its position in shares of Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock valued at $102,000 after buying an additional 15 shares during the period. Ibex Wealth Advisors purchased a new position in shares of Amazon.com during the fourth quarter valued at about $113,000. LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Amazon.com during the second quarter valued at about $116,000. Lipe & Dalton purchased a new position in shares of Amazon.com during the first quarter valued at about $124,000. Finally, Arcadia Investment Management Corp MI boosted its position in shares of Amazon.com by 43.7% in the first quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock valued at $152,000 after buying an additional 52 shares during the period. Hedge funds and other institutional investors own 61.90% of the company’s stock.
Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded up 1.45% during mid-day trading on Monday, reaching $982.07. The company’s stock had a trading volume of 1,673,198 shares. The firm has a market cap of $471.77 billion, a price-to-earnings ratio of 249.76 and a beta of 1.48. Amazon.com, Inc. has a 52-week low of $710.10 and a 52-week high of $1,083.31. The firm has a 50 day moving average price of $998.12 and a 200 day moving average price of $926.08.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $1.40 by $1.00. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The company had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. During the same quarter last year, the business earned $1.78 EPS. Amazon.com’s revenue was up 24.8% on a year-over-year basis. On average, equities analysts predict that Amazon.com, Inc. will post $3.83 EPS for the current fiscal year.
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Several brokerages recently issued reports on AMZN. MKM Partners restated a “buy” rating and set a $1,095.00 price objective (up from $995.00) on shares of Amazon.com in a research note on Monday, May 8th. Maxim Group reiterated a “buy” rating and issued a $1,000.00 target price (up from $940.00) on shares of Amazon.com in a research note on Thursday, April 20th. Vetr cut Amazon.com from a “buy” rating to a “hold” rating and set a $948.53 target price on the stock. in a research note on Thursday, April 27th. Instinet reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, June 2nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $900.00 target price on shares of Amazon.com in a research note on Monday, April 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, forty-three have assigned a buy rating and two have given a strong buy rating to the stock. Amazon.com has a consensus rating of “Buy” and an average target price of $1,065.61.
In other news, Director Tom A. Alberg sold 800 shares of Amazon.com stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $1,000.00, for a total value of $800,000.00. Following the transaction, the director now owns 20,320 shares in the company, valued at approximately $20,320,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction on Monday, June 5th. The shares were sold at an average price of $1,011.06, for a total value of $2,022,120.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $10,110,600. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,890 shares of company stock worth $10,800,023. Corporate insiders own 17.70% of the company’s stock.
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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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