Chemical Bank raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,606 shares of the e-commerce giant’s stock after purchasing an additional 206 shares during the quarter. Amazon.com comprises about 1.0% of Chemical Bank’s investment portfolio, making the stock its 16th largest position. Chemical Bank’s holdings in Amazon.com were worth $9,529,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of AMZN. Summit Trail Advisors LLC grew its position in shares of 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 worth $9,848,000 after buying an additional 9,842,959 shares during the period. Cornerstone Wealth Management LLC grew 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 during the period. Sei Investments Co. grew its position in shares of Amazon.com by 799.2% during the 2nd quarter. Sei Investments Co. now owns 282,661 shares of the e-commerce giant’s stock worth $480,471,000 after buying an additional 251,227 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Amazon.com by 52.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 566,822 shares of the e-commerce giant’s stock worth $963,484,000 after buying an additional 194,992 shares during the period. Finally, Natixis grew its position in shares of Amazon.com by 296.9% during the 1st quarter. Natixis now owns 198,729 shares of the e-commerce giant’s stock worth $287,629,000 after buying an additional 148,654 shares during the period. Institutional investors own 55.64% of the company’s stock.
Several research firms have recently issued reports on AMZN. DA Davidson boosted their target price on Amazon.com from $2,200.00 to $2,450.00 and gave the stock a “buy” rating in a research report on Wednesday, September 5th. Wells Fargo & Co restated a “buy” rating and set a $2,300.00 target price on shares of Amazon.com in a research report on Monday, October 1st. BidaskClub upgraded Amazon.com from a “hold” rating to a “buy” rating in a research report on Friday, September 28th. Robert W. Baird restated a “buy” rating on shares of Amazon.com in a research report on Monday, September 3rd. Finally, Macquarie restated a “buy” rating and set a $2,200.00 target price on shares of Amazon.com in a research report on Tuesday, October 2nd. Three investment analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $2,096.01.
NASDAQ AMZN opened at $1,668.40 on Thursday. The company has a market capitalization of $826.44 billion, a price-to-earnings ratio of 366.68, a PEG ratio of 3.37 and a beta of 1.70. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63. Amazon.com, Inc. has a 52 week low of $1,124.74 and a 52 week high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.29 by $2.46. The firm had revenue of $56.58 billion for the quarter, compared to analysts’ expectations of $57.05 billion. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. As a group, equities analysts expect that Amazon.com, Inc. will post 19.49 EPS for the current year.
In other Amazon.com news, insider David Zapolsky sold 1,929 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $1,566.09, for a total value of $3,020,987.61. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 1,230 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $1,506.94, for a total value of $1,853,536.20. The disclosure for this sale can be found here. Insiders sold a total of 25,842 shares of company stock worth $42,513,241 in the last 90 days. Company insiders own 16.30% of the company’s stock.
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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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