Berkshire Asset Management LLC PA decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,652 shares of the e-commerce giant’s stock after selling 135 shares during the period. Berkshire Asset Management LLC PA’s holdings in Amazon.com were worth $1,599,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in AMZN. OLD Second National Bank of Aurora grew its holdings in Amazon.com by 15.0% during the 1st quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after acquiring an additional 15 shares in the last quarter. WealthTrust Arizona LLC grew its holdings in Amazon.com by 2.7% during the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after acquiring an additional 3 shares in the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new position in Amazon.com during the 2nd quarter worth $116,000. Lipe & Dalton acquired a new position in Amazon.com during the 1st quarter worth $124,000. Finally, Farmers & Merchants Investments Inc. grew its holdings in Amazon.com by 560.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock worth $128,000 after acquiring an additional 112 shares in the last quarter. 60.80% of the stock is owned by institutional investors.
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In related news, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total transaction of $536,666.88. Following the transaction, the vice president now directly owns 6,533 shares of the company’s stock, valued at approximately $6,444,935.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey A. Wilke sold 710 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $987.39, for a total value of $701,046.90. Following the transaction, 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. In the last ninety days, insiders sold 9,793 shares of company stock worth $9,574,377. Insiders own 17.70% of the company’s stock.
Several research firms have recently commented on AMZN. UBS AG reissued a “buy” rating and set a $1,100.00 target price on shares of Amazon.com in a research note on Wednesday, June 21st. Cowen and Company restated an “outperform” rating and set a $1,125.00 price target on shares of Amazon.com in a research report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and set a $1,275.00 price target on shares of Amazon.com in a research report on Wednesday, August 9th. Piper Jaffray Companies restated an “overweight” rating and set a $1,200.00 price target on shares of Amazon.com in a research report on Thursday, August 10th. Finally, Barclays PLC restated an “overweight” rating and set a $1,150.00 price target on shares of Amazon.com in a research report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, forty-six have given a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $1,096.67.
Shares of Amazon.com, Inc. (AMZN) traded down 0.55% during mid-day trading on Friday, hitting $986.79. 3,760,183 shares of the company were exchanged. Amazon.com, Inc. has a 12-month low of $710.10 and a 12-month high of $1,083.31. The company has a market capitalization of $474.03 billion, a price-to-earnings ratio of 168.11 and a beta of 1.47. The firm has a 50 day moving average of $975.62 and a 200 day moving average of $949.38.
Amazon.com (NASDAQ:AMZN) last released its quarterly 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). Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. During the same period in the previous year, the business earned $1.78 EPS. The business’s revenue was up 24.8% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post $3.89 earnings per share for the current year.
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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