Landmark Bank bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 458 shares of the e-commerce giant’s stock, valued at approximately $779,000.
A number of other institutional investors have also recently bought and sold shares of the business. Summit Trail Advisors LLC boosted its stake in Amazon.com by 180,406.1% during the 1st quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after purchasing an additional 9,842,959 shares during the period. Cornerstone Wealth Management LLC raised its position in shares of Amazon.com by 198,956.6% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock worth $1,949,000 after buying an additional 3,338,491 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Amazon.com by 3.3% during the 1st quarter. Fisher Asset Management LLC now owns 1,853,073 shares of the e-commerce giant’s stock worth $2,682,027,000 after buying an additional 59,516 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Amazon.com by 4.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,519,232 shares of the e-commerce giant’s stock worth $2,582,390,000 after buying an additional 69,312 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Amazon.com by 4.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,431,303 shares of the e-commerce giant’s stock worth $2,071,583,000 after buying an additional 58,070 shares in the last quarter. 56.59% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Judith A. Mcgrath sold 500 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $1,905.00, for a total transaction of $952,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Patricia Q. Stonesifer sold 1,375 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $1,678.99, for a total transaction of $2,308,611.25. Following the sale, the director now owns 9,127 shares in the company, valued at approximately $15,324,141.73. The disclosure for this sale can be found here. Insiders have sold 36,327 shares of company stock worth $64,744,896 in the last 90 days. 16.30% of the stock is owned by company insiders.
AMZN stock opened at $1,712.43 on Friday. Amazon.com, Inc. has a 52-week low of $1,121.63 and a 52-week high of $2,050.50. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63. The company has a market cap of $858.38 billion, a PE ratio of 108.03, a PEG ratio of 3.36 and a beta of 1.70.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.29 by $2.46. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. The business had revenue of $56.58 billion for the quarter, compared to analyst estimates of $57.05 billion. Equities research analysts anticipate that Amazon.com, Inc. will post 19.37 EPS for the current fiscal year.
A number of analysts have commented on the stock. Wedbush set a $2,100.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. UBS Group restated a “buy” rating on shares of Amazon.com in a research report on Friday, October 26th. Piper Jaffray Companies restated an “overweight” rating and set a $2,100.00 price target (up from $2,075.00) on shares of Amazon.com in a research report on Friday, July 27th. Macquarie restated a “buy” rating on shares of Amazon.com in a research report on Wednesday, August 15th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a research report on Thursday, August 23rd. Four analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $2,091.53.
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Amazon.com Company 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 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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