Busey Trust CO increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 32.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,035 shares of the e-commerce giant’s stock after buying an additional 6,803 shares during the period. Amazon.com accounts for about 3.0% of Busey Trust CO’s investment portfolio, 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 quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Silvercrest Asset Management Group LLC increased its stake in 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 worth $7,011,000 after buying an additional 175 shares in the last quarter. Girard Securities Inc. boosted 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 worth $989,000 after buying an additional 248 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $1,875,000. Franklin Resources Inc. boosted its position 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 worth $915,037,000 after buying an additional 3,434 shares during the last quarter. Finally, First Republic Investment Management Inc. boosted its position 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 worth $67,583,000 after buying an additional 4,624 shares during the last quarter. Institutional investors and hedge funds own 61.90% of the company’s stock.
Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.22% on Friday, hitting $958.47. The stock had a trading volume of 3,284,821 shares. 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 $460.43 billion, a PE ratio of 243.76 and a beta of 1.48. The company has a 50 day moving average of $995.90 and a 200 day moving average of $931.08.
Several brokerages recently issued reports on AMZN. UBS AG cut shares of Amazon.com from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 25th. Cowen and Company reissued an “outperform” rating and set a $1,125.00 price objective on shares of Amazon.com in a research note on Thursday, August 10th. Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and issued a $1,275.00 target price on shares of Amazon.com in a research note on Wednesday, August 9th. Piper Jaffray Companies restated an “overweight” rating and set a $1,200.00 price objective on shares of Amazon.com in a research report on Thursday, August 10th. Finally, Tigress Financial restated a “buy” rating on shares of Amazon.com in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-four have issued a buy rating and two have assigned a strong buy rating to the company. Amazon.com presently has an average rating of “Buy” and an average price target of $1,078.80.
In other Amazon.com news, CEO Andrew R. Jassy sold 1,985 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $986.12, for a total transaction of $1,957,448.20. Following the sale, the chief executive officer now owns 81,479 shares of the company’s stock, valued at $80,348,071.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $1,011.06, for a total transaction of $2,022,120.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $10,110,600. The disclosure for this sale can be found here. Insiders have sold 16,463 shares of company stock worth $16,299,266 in the last ninety days. Insiders own 17.70% of the company’s stock.
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.
What are top analysts saying about Amazon.com Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Amazon.com Inc. and related companies.