Cribstone Capital Management LLC Has $255,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Cribstone Capital Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 263 shares of the e-commerce giant’s stock after buying an additional 15 shares during the period. Cribstone Capital Management LLC’s holdings in Amazon.com were worth $255,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Silvercrest Asset Management Group LLC raised its position in shares of Amazon.com by 1.9% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 9,349 shares of the e-commerce giant’s stock valued at $7,011,000 after buying an additional 175 shares during the period. Girard Securities Inc. raised its position in shares of Amazon.com by 23.2% in the fourth quarter. Girard Securities Inc. now owns 1,319 shares of the e-commerce giant’s stock valued at $989,000 after buying an additional 248 shares during the period. GSA Capital Partners LLP bought a new stake in Amazon.com during the fourth quarter valued at about $1,875,000. Franklin Resources Inc. increased its stake in Amazon.com by 0.3% in the fourth quarter. Franklin Resources Inc. now owns 1,220,076 shares of the e-commerce giant’s stock valued at $915,037,000 after buying an additional 3,434 shares in the last quarter. Finally, First Republic Investment Management Inc. increased its stake in Amazon.com by 5.4% in the fourth quarter. First Republic Investment Management Inc. now owns 90,127 shares of the e-commerce giant’s stock valued at $67,583,000 after buying an additional 4,624 shares in the last quarter. 62.17% of the stock is owned by institutional investors and hedge funds.

Amazon.com, Inc. (AMZN) traded up 1.16% on Friday, hitting $967.99. 3,468,017 shares of the company’s stock 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 cap of $465.00 billion, a PE ratio of 246.18 and a beta of 1.48. The company’s 50-day moving average price is $998.12 and its 200-day moving average price is $926.08.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the consensus estimate of $1.40 by $1.00. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. During the same quarter last year, the firm earned $1.78 EPS. The company’s revenue was up 24.8% on a year-over-year basis. Analysts forecast that Amazon.com, Inc. will post $3.83 earnings per share for the current year.

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AMZN has been the topic of several recent research reports. Credit Suisse Group restated an “outperform” rating and set a $1,050.00 target price (up previously from $900.00) on shares of Amazon.com in a research report on Monday, April 17th. Royal Bank Of Canada restated an “outperform” rating and set a $900.00 target price on shares of Amazon.com in a research report on Monday, April 17th. Cantor Fitzgerald restated an “overweight” rating and set a $970.00 target price on shares of Amazon.com in a research report on Monday, April 17th. Barclays PLC restated an “overweight” rating and set a $1,120.00 target price on shares of Amazon.com in a research report on Tuesday, April 18th. Finally, Macquarie restated a “buy” rating and set a $995.00 target price on shares of Amazon.com in a research report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $1,065.61.

In related news, CEO Jeffrey A. Wilke sold 4,000 shares of the company’s stock in a transaction on 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 owns 10,000 shares in the company, valued at approximately $9,697,300. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,670 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $1,010.64, for a total transaction of $2,698,408.80. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $10,106,400. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,890 shares of company stock valued at $10,800,023. Company 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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