Amazon.com, Inc. (AMZN) is Busey Trust CO’s 4th Largest Position

Busey Trust CO boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 32.0% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 28,035 shares of the e-commerce giant’s stock after buying an additional 6,803 shares during the period. Amazon.com comprises about 3.0% of Busey Trust CO’s holdings, making the stock its 4th largest position. Busey Trust CO’s holdings in Amazon.com were worth $24,854,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Stillwater Capital Advisors LLC boosted its position in Amazon.com by 0.4% in the first quarter. Stillwater Capital Advisors LLC now owns 526 shares of the e-commerce giant’s stock valued at $466,000 after buying an additional 2 shares during the last quarter. Beese Fulmer Investment Management Inc. boosted its position in Amazon.com by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $256,000 after buying an additional 2 shares during the last quarter. Round Table Services LLC boosted its position in Amazon.com by 0.3% in the first quarter. Round Table Services LLC now owns 701 shares of the e-commerce giant’s stock valued at $621,000 after buying an additional 2 shares during the last quarter. Naples Global Advisors LLC boosted its position in Amazon.com by 0.3% in the first quarter. Naples Global Advisors LLC now owns 1,078 shares of the e-commerce giant’s stock valued at $956,000 after buying an additional 3 shares during the last quarter. Finally, Beaumont Financial Partners LLC boosted its position in Amazon.com by 0.6% in the first quarter. Beaumont Financial Partners LLC now owns 545 shares of the e-commerce giant’s stock valued at $483,000 after buying an additional 3 shares during the last quarter. Institutional investors and hedge funds own 62.17% of the company’s stock.

Shares of Amazon.com, Inc. (AMZN) traded up 1.16% during midday trading on Friday, reaching $967.99. The company’s stock had a trading volume of 3,465,237 shares. Amazon.com, Inc. has a 52 week low of $710.10 and a 52 week high of $1,083.31. The company has a 50 day moving average of $999.07 and a 200-day moving average of $925.01. The stock has a market capitalization of $465.00 billion, a price-to-earnings ratio of 246.18 and a beta of 1.48.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing analysts’ consensus estimates 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 company posted $1.78 earnings per share. Amazon.com’s quarterly revenue was up 24.8% on a year-over-year basis. Equities research analysts predict that Amazon.com, Inc. will post $3.83 earnings per share for the current year.

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Several brokerages have issued reports on AMZN. Cowen and Company reissued an “outperform” rating and issued a $1,125.00 price target on shares of Amazon.com in a report on Thursday. Piper Jaffray Companies reissued an “overweight” rating and issued a $1,200.00 price target on shares of Amazon.com in a report on Thursday. Tigress Financial reissued a “buy” rating on shares of Amazon.com in a report on Wednesday. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating and issued a $1,275.00 price target on shares of Amazon.com in a report on Wednesday. Finally, Mizuho reissued a “buy” rating and issued a $1,250.00 price target on shares of Amazon.com in a report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the company. Amazon.com presently has a consensus rating of “Buy” and an average price target of $1,065.61.

In other news, CEO Jeffrey A. Wilke sold 4,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total value of $3,878,920.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,697,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey A. Wilke sold 710 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $987.39, for a total transaction of $701,046.90. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,873,900. The disclosure for this sale can be found here. Insiders sold 10,890 shares of company stock valued at $10,800,023 over the last ninety days. Corporate insiders own 17.70% of the company’s stock.

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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

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

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