US Bancorp DE Buys 1,124 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

US Bancorp DE grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 261,089 shares of the e-commerce giant’s stock after buying an additional 1,124 shares during the period. Amazon.com makes up 1.4% of US Bancorp DE’s investment portfolio, making the stock its 12th largest holding. US Bancorp DE owned about 0.05% of Amazon.com worth $494,406,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of AMZN. Enterprise Trust & Investment Co acquired a new position in shares of Amazon.com during the second quarter worth approximately $27,000. Signet Investment Advisory Group Inc. acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $33,000. Financial Advantage Inc. acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $45,000. Litman Gregory Asset Management LLC acquired a new position in shares of Amazon.com during the second quarter worth approximately $53,000. Finally, Clear Investment Research LLC raised its position in shares of Amazon.com by 27.6% during the second quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock worth $70,000 after purchasing an additional 8 shares during the period. Hedge funds and other institutional investors own 55.92% of the company’s stock.

AMZN has been the topic of a number of research reports. Benchmark reaffirmed a “buy” rating and set a $2,300.00 target price on shares of Amazon.com in a research report on Friday, July 26th. MKM Partners reaffirmed a “buy” rating and set a $2,350.00 target price (up from $2,240.00) on shares of Amazon.com in a research report on Friday, August 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $2,600.00 target price (up from $2,250.00) on shares of Amazon.com in a research report on Tuesday, September 3rd. Oppenheimer set a $2,100.00 target price on Amazon.com and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Bank of America reaffirmed a “buy” rating and set a $2,350.00 target price (up from $2,300.00) on shares of Amazon.com in a research report on Friday, July 26th. One investment 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 company. The company currently has an average rating of “Buy” and a consensus price target of $2,259.84.

NASDAQ AMZN traded down $4.75 on Friday, reaching $1,838.80. The company had a trading volume of 689,261 shares, compared to its average volume of 2,920,449. The stock has a market capitalization of $900.55 billion, a P/E ratio of 91.30, a P/E/G ratio of 2.35 and a beta of 1.57. The company’s fifty day moving average is $1,820.31 and its 200 day moving average is $1,836.05. Amazon.com, Inc. has a 52-week low of $1,307.00 and a 52-week high of $2,035.80. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.29 by ($0.07). The business had revenue of $63.40 billion during the quarter, compared to the consensus estimate of $62.59 billion. Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter last year, the company earned $5.07 EPS. On average, research analysts expect that Amazon.com, Inc. will post 24.01 EPS for the current year.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $1,792.10, for a total value of $4,480,250.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $17,921,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 7,308 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total value of $14,616,000.00. Following the completion of the transaction, the chief executive officer now owns 92,614 shares of the company’s stock, valued at approximately $185,228,000. The disclosure for this sale can be found here. Insiders sold a total of 27,714 shares of company stock valued at $51,174,807 in the last 90 days. Corporate insiders own 16.10% of the company’s stock.

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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