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, 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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