Meridian Investment Counsel Inc. acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 108 shares of the e-commerce giant’s stock, valued at approximately $205,000.
Several other institutional investors have also recently modified their holdings of AMZN. Enterprise Trust & Investment Co acquired a new position in Amazon.com during the 2nd quarter valued at $27,000. Signet Investment Advisory Group Inc. acquired a new position in Amazon.com during the 4th quarter valued at $33,000. Litman Gregory Asset Management LLC acquired a new position in Amazon.com during the 2nd quarter valued at $53,000. Financial Advantage Inc. acquired a new position in Amazon.com during the 4th quarter valued at $45,000. Finally, Clear Investment Research LLC raised its stake in shares of Amazon.com by 27.6% in the 2nd quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock valued at $70,000 after buying an additional 8 shares in the last quarter. Institutional investors and hedge funds own 55.92% of the company’s stock.
In other Amazon.com news, VP Shelley Reynolds sold 379 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,775.43, for a total transaction of $672,887.97. Following the sale, the vice president now owns 6,307 shares of the company’s stock, valued at approximately $11,197,637.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,500 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $1,792.10, for a total transaction of $4,480,250.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $17,921,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,714 shares of company stock worth $51,174,807. 16.10% of the stock is owned by insiders.
Shares of AMZN traded down $4.75 during trading hours on Friday, hitting $1,838.80. The stock had a trading volume of 689,261 shares, compared to its average volume of 2,920,449. The company’s fifty day moving average is $1,820.31 and its two-hundred day moving average is $1,836.05. 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, Inc. has a 52 week low of $1,307.00 and a 52 week high of $2,035.80. The stock has a market capitalization of $900.55 billion, a price-to-earnings ratio of 91.30, a P/E/G ratio of 2.35 and a beta of 1.57.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $63.40 billion during the quarter, compared to the consensus estimate of $62.59 billion. During the same period in the previous year, the company posted $5.07 EPS. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 24.01 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on the stock. Raymond James set a $2,080.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research note on Friday, July 26th. Loop Capital set a $2,380.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research note on Monday, July 15th. Cowen set a $2,500.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research note on Monday, July 15th. Morgan Stanley restated an “overweight” rating and issued a $2,300.00 price objective (up previously from $2,100.00) on shares of Amazon.com in a research note on Monday, July 15th. Finally, Monness Crespi & Hardt set a $2,300.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have given a buy rating to the company. Amazon.com has a consensus rating of “Buy” and a consensus target price of $2,259.84.
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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