Amazon.com, Inc. (AMZN) is Progressive Investment Management Corp’s 2nd Largest Position

Progressive Investment Management Corp boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,508 shares of the e-commerce giant’s stock after purchasing an additional 89 shares during the quarter. Amazon.com comprises 4.1% of Progressive Investment Management Corp’s holdings, making the stock its 2nd biggest position. Progressive Investment Management Corp’s holdings in Amazon.com were worth $5,332,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AMZN. Central Bank & Trust Co. lifted its position in Amazon.com by 0.7% in the 1st quarter. Central Bank & Trust Co. now owns 6,491 shares of the e-commerce giant’s stock valued at $5,754,000 after purchasing an additional 43 shares during the last quarter. Barrett Asset Management LLC lifted its position in Amazon.com by 45.8% in the 1st quarter. Barrett Asset Management LLC now owns 1,290 shares of the e-commerce giant’s stock valued at $1,144,000 after purchasing an additional 405 shares during the last quarter. BB&T Corp lifted its position in Amazon.com by 5.4% in the 1st quarter. BB&T Corp now owns 22,410 shares of the e-commerce giant’s stock valued at $19,867,000 after purchasing an additional 1,155 shares during the last quarter. Tufton Capital Management bought a new stake in Amazon.com in the 1st quarter valued at about $204,000. Finally, Northeast Financial Consultants Inc lifted its position in Amazon.com by 17.2% in the 1st quarter. Northeast Financial Consultants Inc now owns 5,469 shares of the e-commerce giant’s stock valued at $4,848,000 after purchasing an additional 802 shares during the last quarter. Hedge funds and other institutional investors own 60.54% of the company’s stock.

In other news, CEO Andrew R. Jassy sold 1,985 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total value of $1,957,448.20. Following the completion of the sale, the chief executive officer now directly owns 81,479 shares of the company’s stock, valued at approximately $80,348,071.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tom A. Alberg sold 1,860 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total value of $2,063,112.00. Following the completion of the sale, the director now directly owns 18,460 shares of the company’s stock, valued at $20,475,832. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 401,343 shares of company stock valued at $441,838,533. 17.00% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION NOTICE: This news story was originally published by Markets Daily and is the sole property of of Markets Daily. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://www.themarketsdaily.com/2017/11/13/amazon-com-inc-amzn-is-progressive-investment-management-corps-2nd-largest-position.html.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,125.35 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74. The company has a market capitalization of $542,274.88, a PE ratio of 285.62, a PEG ratio of 14.04 and a beta of 1.45. Amazon.com, Inc. has a 52 week low of $710.10 and a 52 week high of $1,135.54.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). The company had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The business’s revenue was up 33.7% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share. sell-side analysts predict that Amazon.com, Inc. will post 4.26 earnings per share for the current year.

Several equities analysts have commented on AMZN shares. TheStreet raised shares of Amazon.com from a “c+” rating to a “b-” rating in a research note on Tuesday, November 7th. UBS AG reissued a “buy” rating and set a $1,200.00 target price (up previously from $1,100.00) on shares of Amazon.com in a research note on Monday, July 17th. Deutsche Bank AG raised their target price on shares of Amazon.com from $1,135.00 to $1,175.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Wedbush reissued a “buy” rating and set a $1,250.00 target price on shares of Amazon.com in a research note on Friday, July 28th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $1,250.00 target price (up previously from $1,135.00) on shares of Amazon.com in a research note on Friday, July 28th. Five research analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the stock. Amazon.com has a consensus rating of “Buy” and a consensus price target of $1,142.08.

About Amazon.com

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.

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply