Bristlecone Advisors LLC Has $2.77 Million Stake in Amazon.com, Inc. (AMZN)
Bristlecone Advisors LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,864 shares of the e-commerce giant’s stock after buying an additional 105 shares during the period. Amazon.com makes up about 0.9% of Bristlecone Advisors LLC’s investment portfolio, making the stock its 27th largest holding. Bristlecone Advisors LLC’s holdings in Amazon.com were worth $2,772,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of AMZN. WealthTrust Arizona LLC increased its stake in Amazon.com by 2.7% during the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after buying an additional 3 shares during the period. LeJeune Puetz Investment Counsel LLC bought a new stake in shares of Amazon.com during the 2nd quarter worth about $116,000. Farmers & Merchants Investments Inc. raised its position in shares of Amazon.com by 560.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock worth $128,000 after buying an additional 112 shares in the last quarter. Lipe & Dalton bought a new stake in shares of Amazon.com during the 1st quarter worth about $124,000. Finally, Arcadia Investment Management Corp MI raised its position in shares of Amazon.com by 43.7% during the 1st quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock worth $152,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 60.77% of the company’s stock.
Several research analysts have recently issued reports on the stock. Barclays PLC increased their price objective on shares of Amazon.com from $1,120.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $1,275.00 price objective on shares of Amazon.com in a research note on Friday, July 28th. J P Morgan Chase & Co reissued a “buy” rating on shares of Amazon.com in a report on Friday, July 28th. Stifel Nicolaus restated a “buy” rating and issued a $1,100.00 target price (up from $1,075.00) on shares of Amazon.com in a research report on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Amazon.com currently has a consensus rating of “Buy” and an average target price of $1,106.85.
In related news, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total value of $2,674,560.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $9,552,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total transaction of $536,666.88. Following the sale, the vice president now directly owns 6,533 shares in the company, valued at approximately $6,444,935.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,083 shares of company stock valued at $8,874,850. 17.70% of the stock is currently owned by corporate insiders.
Shares of Amazon.com, Inc. (NASDAQ AMZN) opened at 959.19 on Tuesday. The firm has a market capitalization of $460.77 billion, a price-to-earnings ratio of 243.94 and a beta of 1.47. Amazon.com, Inc. has a 12-month low of $710.10 and a 12-month high of $1,083.31. The firm has a 50-day moving average of $966.47 and a 200 day moving average of $959.40.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($1.00). The firm had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.78 EPS. On average, equities research analysts expect that Amazon.com, Inc. will post $3.65 earnings per share for the current year.
Amazon.com Company Profile
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.
Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.