Capital One National Association cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 12.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,424 shares of the e-commerce giant’s stock after selling 3,230 shares during the quarter. Amazon.com makes up about 1.7% of Capital One National Association’s investment portfolio, making the stock its 9th largest position. Capital One National Association’s holdings in Amazon.com were worth $22,674,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. OLD Second National Bank of Aurora lifted its position in shares of Amazon.com by 15.0% during the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock valued at $102,000 after buying an additional 15 shares during the last quarter. Lipe & Dalton purchased a new stake in shares of Amazon.com during the first quarter valued at about $124,000. Arcadia Investment Management Corp MI lifted its position in shares of Amazon.com by 43.7% during the first quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock valued at $152,000 after buying an additional 52 shares during the last quarter. Feltz Wealth PLAN Inc. purchased a new stake in shares of Amazon.com during the first quarter valued at about $180,000. Finally, Tufton Capital Management purchased a new stake in shares of Amazon.com during the first quarter valued at about $204,000. 60.76% of the stock is owned by institutional investors.
AMZN has been the subject of several analyst reports. Piper Jaffray Companies reissued an “overweight” rating on shares of Amazon.com in a research report on Monday, May 22nd. Aegis reissued a “buy” rating on shares of Amazon.com in a research report on Monday, May 22nd. Vetr downgraded shares of Amazon.com from a “buy” rating to a “hold” rating and set a $1,000.35 price objective on the stock. in a report on Monday, May 22nd. Cowen and Company upped their price objective on shares of Amazon.com from $1,100.00 to $1,125.00 and gave the company an “outperform” rating in a report on Thursday, May 25th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Amazon.com in a report on Monday, May 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-six have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $1,096.67.
Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.34% during mid-day trading on Tuesday, reaching $970.90. The company’s stock had a trading volume of 1,450,758 shares. The company has a market capitalization of $466.40 billion, a PE ratio of 246.92 and a beta of 1.47. Amazon.com, Inc. has a 1-year low of $710.10 and a 1-year high of $1,083.31. The firm has a 50 day moving average price of $974.31 and a 200-day moving average price of $951.74.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($1.00). The business had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The firm’s revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 EPS. On average, equities analysts predict that Amazon.com, Inc. will post $3.89 EPS for the current fiscal year.
In other news, CEO Andrew R. Jassy sold 1,985 shares of Amazon.com stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total transaction of $1,957,448.20. Following the transaction, the chief executive officer now directly owns 81,479 shares in the company, valued at approximately $80,348,071.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of Amazon.com stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $985.25, for a total value of $699,527.50. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $9,852,500. The disclosure for this sale can be found here. Insiders have sold a total of 9,793 shares of company stock worth $9,574,377 in the last ninety days. 17.70% of the stock is owned by company insiders.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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