Rainier Group Investment Advisory LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 31.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 420 shares of the e-commerce giant’s stock after buying an additional 100 shares during the period. Rainier Group Investment Advisory LLC’s holdings in Amazon.com were worth $372,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Baltimore Washington Financial Advisors Inc. acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $23,951,000. OLD Second National Bank of Aurora boosted its position in Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after buying an additional 15 shares during the last quarter. Ibex Wealth Advisors bought a new position in shares of Amazon.com during the fourth quarter valued at about $113,000. Arcadia Investment Management Corp MI boosted its position in shares of Amazon.com by 43.7% in the first quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock valued at $152,000 after buying an additional 52 shares in the last quarter. Finally, First PREMIER Bank raised its stake in Amazon.com by 8.5% in the first quarter. First PREMIER Bank now owns 191 shares of the e-commerce giant’s stock valued at $169,000 after buying an additional 15 shares during the last quarter. Institutional investors own 61.90% of the company’s stock.
Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.22% on Friday, hitting $958.47. 3,284,821 shares of the stock traded hands. The stock has a 50-day moving average price of $995.90 and a 200 day moving average price of $931.08. Amazon.com, Inc. has a 52 week low of $710.10 and a 52 week high of $1,083.31. The firm has a market cap of $460.43 billion, a P/E ratio of 243.76 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last issued 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. The business had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. Amazon.com’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.78 EPS. Equities research analysts predict that Amazon.com, Inc. will post $3.83 EPS for the current fiscal year.
Several brokerages have recently issued reports on AMZN. MKM Partners reiterated a “buy” rating and issued a $1,095.00 target price (up previously from $995.00) on shares of Amazon.com in a research note on Monday, May 8th. Vetr downgraded shares of Amazon.com from a “buy” rating to a “hold” rating and set a $948.53 price objective on the stock. in a research report on Thursday, April 27th. Instinet reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, June 2nd. BidaskClub cut shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, SunTrust Banks, Inc. assumed coverage on shares of Amazon.com in a research note on Tuesday. They issued a “buy” rating and a $1,220.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $1,078.80.
In related news, Director Tom A. Alberg sold 800 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $1,000.00, for a total transaction of $800,000.00. Following the sale, the director now owns 20,320 shares of the company’s stock, valued at $20,320,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 544 shares of the business’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 sale, the vice president now directly owns 6,533 shares in the company, valued at approximately $6,444,935.16. The disclosure for this sale can be found here. Insiders sold 16,463 shares of company stock worth $16,299,266 in the last 90 days. Corporate insiders own 17.70% of the company’s stock.
Amazon.com Company Profile
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.
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