LSV Asset Management maintained its stake in Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,200 shares of the e-commerce giant’s stock at the end of the first quarter. LSV Asset Management’s holdings in Amazon.com were worth $4,610,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. OLD Second National Bank of Aurora increased its stake in Amazon.com by 15.0% in 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. Ibex Wealth Advisors bought a new stake in Amazon.com during the fourth quarter valued at approximately $113,000. Arcadia Investment Management Corp MI boosted its position in shares of Amazon.com by 43.7% in 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 period. D Orazio & Associates Inc. boosted its position in shares of Amazon.com by 8.0% in the fourth quarter. D Orazio & Associates Inc. now owns 215 shares of the e-commerce giant’s stock valued at $161,000 after buying an additional 16 shares during the period. Finally, First PREMIER Bank boosted its position in shares of Amazon.com by 8.5% in the first quarter. First PREMIER Bank now owns 191 shares of the e-commerce giant’s stock valued at $169,000 after buying an additional 15 shares during the period. Institutional investors and hedge funds own 62.17% of the company’s stock.
Amazon.com, Inc. (NASDAQ AMZN) traded up 0.02% during midday trading on Tuesday, hitting $992.49. 1,989,637 shares of the company’s stock traded hands. Amazon.com, Inc. has a 52 week low of $710.10 and a 52 week high of $1,083.31. The company has a market capitalization of $476.77 billion, a PE ratio of 252.41 and a beta of 1.48. The company has a 50 day moving average of $999.29 and a 200-day moving average of $918.57.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by $1.00. The company had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. Amazon.com’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.78 EPS. Equities research analysts predict that Amazon.com, Inc. will post $3.84 earnings per share for the current year.
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Several brokerages recently issued reports on AMZN. UBS AG cut shares of Amazon.com from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 25th. Wedbush reissued a “buy” rating and set a $1,250.00 target price on shares of Amazon.com in a report on Friday, July 28th. Mizuho reissued a “buy” rating and set a $1,250.00 target price on shares of Amazon.com in a report on Monday. Aegis raised their target price on shares of Amazon.com from $1,069.00 to $1,171.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Amazon.com in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $1,065.61.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 4,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,697,300. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $949.49, for a total value of $1,898,980.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,494,900. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,890 shares of company stock worth $12,699,003. Corporate insiders own 17.70% of the company’s stock.
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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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