Sageworth Trust Co bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 200 shares of the e-commerce giant’s stock, valued at approximately $379,000.
A number of other institutional investors also recently made changes to their positions in AMZN. Signet Investment Advisory Group Inc. acquired a new position in shares of Amazon.com in the fourth quarter valued at $33,000. Financial Advantage Inc. acquired a new position in shares of Amazon.com in the fourth quarter valued at $45,000. Contravisory Investment Management Inc. raised its stake in Amazon.com by 20.6% during the second quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock worth $78,000 after acquiring an additional 7 shares in the last quarter. O Brien Wealth Partners LLC raised its stake in Amazon.com by 104.8% during the fourth quarter. O Brien Wealth Partners LLC now owns 43 shares of the e-commerce giant’s stock worth $72,000 after acquiring an additional 22 shares in the last quarter. Finally, Mascoma Wealth Management LLC raised its stake in Amazon.com by 15.6% during the fourth quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock worth $78,000 after acquiring an additional 7 shares in the last quarter. 57.07% of the stock is owned by hedge funds and other institutional investors.
In related news, insider David Zapolsky sold 763 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 2,698 shares in the company, valued at $5,396,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $1,926.29, for a total value of $4,815,725.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $19,262,900. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,493 shares of company stock worth $31,862,157. 16.10% of the stock is owned by company insiders.
Amazon.com stock traded down $47.35 during mid-day trading on Monday, hitting $1,775.89. The stock had a trading volume of 2,328,042 shares, compared to its average volume of 3,517,941. The firm’s 50-day moving average is $1,936.03. The firm has a market cap of $901.88 billion, a PE ratio of 88.18, a PEG ratio of 2.31 and a beta of 1.55. Amazon.com, Inc. has a 12 month low of $1,307.00 and a 12 month high of $2,050.50. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.10 and a quick ratio of 0.84.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.29 by ($0.07). The firm 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%. Amazon.com’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.07 EPS. Research analysts forecast that Amazon.com, Inc. will post 24.52 earnings per share for the current year.
Several research analysts have issued reports on AMZN shares. Mizuho reiterated a “buy” rating and set a $2,200.00 price objective (up from $2,080.00) on shares of Amazon.com in a research note on Friday, July 26th. Pivotal Research reiterated a “buy” rating and set a $2,615.00 price objective (down from $2,750.00) on shares of Amazon.com in a research note on Friday, July 26th. Royal Bank of Canada reiterated a “buy” rating on shares of Amazon.com in a research note on Monday. Oppenheimer set a $2,100.00 price objective on Amazon.com and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, BidaskClub lowered Amazon.com from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. Three analysts have rated the stock with a hold rating and forty-two have given a buy rating to the stock. Amazon.com has an average rating of “Buy” and a consensus target price of $2,251.95.
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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