Maple Capital Management Inc. Buys 85 Shares of Amazon.com, Inc. (AMZN)
Maple Capital Management Inc. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 658 shares of the e-commerce giant’s stock after buying an additional 85 shares during the quarter. Maple Capital Management Inc.’s holdings in Amazon.com were worth $952,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in AMZN. Taylor Hoffman Wealth Management purchased a new position in shares of Amazon.com in the fourth quarter worth $108,000. Santori & Peters Inc. purchased a new position in shares of Amazon.com in the fourth quarter worth $121,000. Lee Financial Co raised its stake in shares of Amazon.com by 154.3% in the first quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock worth $129,000 after purchasing an additional 54 shares during the last quarter. University of Texas Investment Managment Co. purchased a new position in shares of Amazon.com in the fourth quarter worth $164,000. Finally, American Research & Management Co. raised its stake in shares of Amazon.com by 48.0% in the fourth quarter. American Research & Management Co. now owns 151 shares of the e-commerce giant’s stock worth $177,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 57.13% of the company’s stock.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 1,230 shares of the business’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $1,582.11, for a total transaction of $1,945,995.30. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $15,821,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tom A. Alberg sold 2,320 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $1,827.29, for a total value of $4,239,312.80. The disclosure for this sale can be found here. Insiders have sold 16,785 shares of company stock valued at $30,772,135 in the last three months. 16.30% of the stock is currently owned by corporate insiders.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $2.58. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The business had revenue of $52.89 billion during the quarter, compared to analyst estimates of $53.37 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. Amazon.com’s revenue for the quarter was up 39.3% on a year-over-year basis. equities research analysts predict that Amazon.com, Inc. will post 17.27 EPS for the current fiscal year.
Several research analysts have recently weighed in on AMZN shares. Susquehanna Bancshares boosted their price target on Amazon.com from $1,850.00 to $2,000.00 in a research note on Friday, April 27th. Royal Bank of Canada restated a “$1,842.92” rating on shares of Amazon.com in a research note on Wednesday, July 18th. Wedbush set a $1,800.00 price target on Amazon.com and gave the stock a “buy” rating in a research note on Friday, April 27th. Aegis restated a “buy” rating and issued a $1,999.00 price target (up previously from $1,709.00) on shares of Amazon.com in a research note on Friday, April 27th. Finally, SunTrust Banks boosted their price target on Amazon.com to $1,900.00 and gave the stock a “buy” rating in a research note on Friday, April 27th. Two research analysts have rated the stock with a hold rating, fifty have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $1,933.51.
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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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