Columbia Trust Co 01012016 Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)
Columbia Trust Co 01012016 raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 18.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 744 shares of the e-commerce giant’s stock after buying an additional 115 shares during the quarter. Amazon.com makes up approximately 1.6% of Columbia Trust Co 01012016’s investment portfolio, making the stock its 14th largest position. Columbia Trust Co 01012016’s holdings in Amazon.com were worth $1,450,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of AMZN. Wealth Quarterback LLC purchased a new stake in Amazon.com in the 4th quarter valued at $2,313,511,000. Norges Bank purchased a new stake in Amazon.com in the 4th quarter valued at $8,070,972,000. Girard Partners LTD. grew its holdings in Amazon.com by 8,783.7% in the 1st quarter. Girard Partners LTD. now owns 519,965 shares of the e-commerce giant’s stock valued at $12,121,000 after buying an additional 514,112 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $623,193,000. Finally, Parnassus Investments CA acquired a new position in shares of Amazon.com in the 1st quarter valued at $639,204,000. Institutional investors own 55.68% of the company’s stock.
AMZN has been the topic of several recent analyst reports. Tigress Financial reaffirmed a “buy” rating on shares of Amazon.com in a research note on Wednesday, April 8th. Piper Sandler upped their price target on Amazon.com from $2,150.00 to $2,450.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Credit Suisse Group decreased their price target on Amazon.com from $2,800.00 to $2,760.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. UBS Group upped their price target on Amazon.com from $2,440.00 to $3,000.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Stifel Nicolaus upped their price target on Amazon.com from $2,400.00 to $2,600.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and forty-six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $2,538.89.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, April 30th. The e-commerce giant reported $5.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.36 by ($1.35). The firm had revenue of $75.45 billion for the quarter, compared to analysts’ expectations of $74.15 billion. Amazon.com had a return on equity of 17.83% and a net margin of 3.56%. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.09 EPS. As a group, analysts predict that Amazon.com, Inc. will post 19.75 earnings per share for the current fiscal year.
In related news, CEO Andrew R. Jassy sold 6,945 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $2,256.50, for a total transaction of $15,671,392.50. Following the transaction, the chief executive officer now owns 93,105 shares in the company, valued at approximately $210,091,432.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Patricia Q. Stonesifer sold 2,200 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $2,329.44, for a total value of $5,124,768.00. Following the transaction, the director now owns 4,645 shares in the company, valued at approximately $10,820,248.80. The disclosure for this sale can be found here. Insiders have sold a total of 9,497 shares of company stock worth $21,605,827 in the last 90 days. 16.10% of the stock is currently owned by company insiders.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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