Moody National Bank Trust Division held its stake in Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,364 shares of the e-commerce giant’s stock at the close of the second quarter. Amazon.com accounts for approximately 0.1% of Moody National Bank Trust Division’s holdings, making the stock its 25th largest position. Moody National Bank Trust Division’s holdings in Amazon.com were worth $2,288,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of AMZN. Clear Investment Research LLC increased its position in shares of Amazon.com by 73,100.0% during the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after purchasing an additional 731 shares in the last quarter. WealthTrust Arizona LLC increased its position in shares of Amazon.com by 2.7% during the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after purchasing an additional 3 shares in the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Amazon.com during the second quarter worth $116,000. Lipe & Dalton acquired a new position in shares of Amazon.com during the first quarter worth $124,000. Finally, Farmers & Merchants Investments Inc. increased its position in shares of Amazon.com by 560.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock worth $128,000 after purchasing an additional 112 shares in the last quarter. 60.77% of the stock is currently owned by institutional investors and hedge funds.
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A number of brokerages have recently weighed in on AMZN. Credit Suisse Group reissued an “outperform” rating on shares of Amazon.com in a report on Thursday, August 31st. Cowen and Company reissued an “outperform” rating and set a $1,125.00 price objective on shares of Amazon.com in a report on Thursday, August 10th. Zacks Investment Research lowered shares of Amazon.com from a “hold” rating to a “strong sell” rating in a report on Monday, July 24th. Barclays PLC boosted their price objective on shares of Amazon.com from $1,120.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Finally, KeyCorp reissued a “hold” rating on shares of Amazon.com in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, forty-eight have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $1,109.89.
Amazon.com, Inc. (AMZN) opened at 987.20 on Wednesday. Amazon.com, Inc. has a 12 month low of $710.10 and a 12 month high of $1,083.31. The stock has a market capitalization of $474.23 billion, a P/E ratio of 251.07 and a beta of 1.47. The firm’s 50-day moving average is $968.03 and its 200 day moving average is $965.03.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($1.00). The business 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%. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period last year, the company posted $1.78 earnings per share. On average, equities analysts anticipate that Amazon.com, Inc. will post $3.66 earnings per share for the current year.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,552,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $987.39, for a total transaction of $701,046.90. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $9,873,900. The disclosure for this sale can be found here. Insiders have sold 9,083 shares of company stock worth $8,874,850 over the last three months. 17.70% of the stock is owned by corporate 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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