Wells Trecaso Financial Group LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 281 shares of the e-commerce giant’s stock after selling 9 shares during the quarter. Wells Trecaso Financial Group LLC’s holdings in Amazon.com were worth $532,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Signet Investment Advisory Group Inc. acquired a new stake in Amazon.com during the 4th quarter worth about $33,000. Financial Advantage Inc. acquired a new stake in Amazon.com during the 4th quarter worth about $45,000. O Brien Wealth Partners LLC raised its holdings in Amazon.com by 104.8% during the 4th quarter. O Brien Wealth Partners LLC now owns 43 shares of the e-commerce giant’s stock worth $72,000 after buying an additional 22 shares during the period. Mascoma Wealth Management LLC raised its holdings in Amazon.com by 15.6% during the 4th quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock worth $78,000 after buying an additional 7 shares during the period. Finally, Contravisory Investment Management Inc. raised its holdings in Amazon.com by 20.6% during the 2nd quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock worth $78,000 after buying an additional 7 shares during the period. 57.07% of the stock is owned by institutional investors.
A number of brokerages have recently weighed in on AMZN. BidaskClub downgraded Amazon.com from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. Deutsche Bank upped their target price on Amazon.com from $2,315.00 to $2,515.00 and gave the company a “buy” rating in a report on Monday, July 22nd. ValuEngine upgraded Amazon.com from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Monness Crespi & Hardt set a $2,300.00 target price on Amazon.com and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $2,300.00 target price (up previously from $2,100.00) on shares of Amazon.com in a report on Monday, July 15th. Three research analysts have rated the stock with a hold rating and forty-two have issued a buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and an average target price of $2,251.95.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.29 by ($0.07). The company had revenue of $63.40 billion for the quarter, compared to the consensus estimate of $62.59 billion. Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the previous year, the company earned $5.07 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 24.52 earnings per share for the current fiscal year.
In other Amazon.com news, insider David Zapolsky sold 763 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total transaction of $1,526,000.00. Following the completion of the sale, the insider now owns 2,698 shares of the company’s stock, valued at $5,396,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $1,926.29, for a total value of $4,815,725.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $19,262,900. The disclosure for this sale can be found here. Insiders have sold 16,493 shares of company stock valued at $31,862,157 in the last ninety days. Company insiders own 16.10% of the company’s stock.
Amazon.com Company Profile
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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