Monroe Bank & Trust MI Has $1.31 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

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Monroe Bank & Trust MI trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 692 shares of the e-commerce giant’s stock after selling 27 shares during the quarter. Monroe Bank & Trust MI’s holdings in Amazon.com were worth $1,310,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Thoroughbred Financial Services LLC grew its holdings in Amazon.com by 191,406.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 9,307,191 shares of the e-commerce giant’s stock valued at $930,719,000 after buying an additional 9,302,331 shares in the last quarter. Elephas Investment Management Ltd acquired a new position in Amazon.com in the 4th quarter valued at $182,039,000. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST acquired a new position in Amazon.com in the 4th quarter valued at $180,236,000. Amundi Pioneer Asset Management Inc. grew its holdings in Amazon.com by 20.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 687,487 shares of the e-commerce giant’s stock valued at $1,224,242,000 after buying an additional 116,401 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in Amazon.com by 117.4% in the 2nd quarter. SG Americas Securities LLC now owns 157,975 shares of the e-commerce giant’s stock valued at $299,146,000 after buying an additional 85,297 shares in the last quarter. 57.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AMZN stock opened at $1,791.98 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a twelve month low of $1,307.00 and a twelve month high of $2,050.50. The company has a market cap of $894.13 billion, a P/E ratio of 88.98, a P/E/G ratio of 2.29 and a beta of 1.55. The stock’s fifty day simple moving average is $1,915.48.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the consensus estimate of $5.29 by ($0.07). Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The business had revenue of $63.40 billion for the quarter, compared to the consensus estimate of $62.59 billion. During the same quarter in the prior year, the company earned $5.07 earnings per share. Amazon.com’s quarterly revenue was up 19.9% compared to the same quarter last year. On average, analysts anticipate that Amazon.com, Inc. will post 24.52 EPS for the current year.

A number of research analysts have commented on AMZN shares. Barclays raised Amazon.com from an “outperform” rating to a “buy” rating in a report on Monday, July 29th. Stifel Nicolaus reissued a “buy” rating and set a $2,300.00 target price on shares of Amazon.com in a report on Friday, July 26th. Loop Capital set a $2,380.00 target price on Amazon.com and gave the stock a “buy” rating in a report on Monday, July 15th. UBS Group reissued a “buy” rating on shares of Amazon.com in a report on Friday, July 26th. Finally, DA Davidson increased their target price on Amazon.com to $2,550.00 and gave the stock a “buy” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $2,251.95.

In related news, CEO Jeffrey A. Wilke sold 1,000 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $1,858.25, for a total transaction of $1,858,250.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $18,582,500. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider David Zapolsky sold 763 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total value of $1,526,000.00. Following the sale, the insider now owns 2,698 shares of the company’s stock, valued at $5,396,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,071 shares of company stock valued at $18,000,250. 16.10% of the stock is owned by corporate insiders.

Amazon.com Profile

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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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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