Webster Bank N. A. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,374 shares of the e-commerce giant’s stock after selling 125 shares during the period. Amazon.com comprises about 1.8% of Webster Bank N. A.’s holdings, making the stock its 9th largest position. Webster Bank N. A.’s holdings in Amazon.com were worth $12,535,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ogorek Anthony Joseph NY ADV increased its position in Amazon.com by 69.4% during the 2nd quarter. Ogorek Anthony Joseph NY ADV now owns 144 shares of the e-commerce giant’s stock worth $244,000 after purchasing an additional 59 shares during the period. Daiwa SB Investments Ltd. increased its position in Amazon.com by 7.3% during the 2nd quarter. Daiwa SB Investments Ltd. now owns 1,170 shares of the e-commerce giant’s stock worth $1,989,000 after purchasing an additional 80 shares during the period. James Hambro & Partners acquired a new position in Amazon.com during the 2nd quarter worth approximately $27,377,000. Guidant Wealth Advisors increased its position in Amazon.com by 657.4% during the 2nd quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock worth $100,000 after purchasing an additional 355 shares during the period. Finally, BLB&B Advisors LLC increased its position in Amazon.com by 6.1% during the 2nd quarter. BLB&B Advisors LLC now owns 1,677 shares of the e-commerce giant’s stock worth $2,851,000 after purchasing an additional 97 shares during the period. Institutional investors and hedge funds own 57.36% of the company’s stock.
In related news, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $1,981.72, for a total value of $3,963,440.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $19,817,200. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas O. Ryder sold 5,000 shares of the stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $1,783.81, for a total value of $8,919,050.00. Following the completion of the sale, the director now owns 10,752 shares of the company’s stock, valued at $19,179,525.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,308 shares of company stock valued at $47,905,498. Insiders own 16.30% of the company’s stock.
Several equities research analysts have recently commented on AMZN shares. BidaskClub raised Amazon.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 16th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, June 21st. JMP Securities reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, June 21st. Macquarie reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, June 22nd. Finally, Zacks Investment Research lowered Amazon.com from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Four equities research analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $2,005.64.
Shares of AMZN stock traded up $69.25 on Friday, reaching $1,788.61. 9,384,185 shares of the stock were exchanged, compared to its average volume of 5,128,370. The company has a market cap of $976.95 billion, a price-to-earnings ratio of 393.10, a PEG ratio of 4.17 and a beta of 1.58. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. Amazon.com, Inc. has a 1-year low of $962.50 and a 1-year high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $2.58. The business had revenue of $52.89 billion during the quarter, compared to the consensus estimate of $53.37 billion. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The business’s revenue for the quarter was up 39.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS. As a group, analysts expect that Amazon.com, Inc. will post 17.78 earnings per share for the current fiscal year.
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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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