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 SEC. The institutional investor 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 modified their holdings of AMZN. OLD Second National Bank of Aurora boosted its position in shares of 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 valued at $102,000 after buying an additional 15 shares in the last quarter. Ibex Wealth Advisors purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $113,000. LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Amazon.com during the second quarter valued at approximately $116,000. Lipe & Dalton purchased a new position in shares of Amazon.com during the first quarter valued at approximately $124,000. Finally, 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. 61.90% of the stock is owned by institutional investors.
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. The company has a market cap 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. Amazon.com, Inc. has a 12 month low of $710.10 and a 12 month high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Thomson Reuters’ 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 analysts’ expectations of $37.18 billion. During the same quarter in the previous year, the firm posted $1.78 earnings per share. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post $3.83 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This story was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.com-unik.info/2017/08/19/amazon-com-inc-nasdaqamzn-shares-bought-by-cribstone-capital-management-llc-updated-updated.html.
AMZN has been the subject of several recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $1,025.00 price objective on shares of Amazon.com in a research note on Monday, April 24th. Instinet boosted their price objective on shares of Amazon.com from $925.00 to $975.00 and gave the company a “buy” rating in a research note on Monday, April 24th. Nomura reiterated a “buy” rating and set a $975.00 target price on shares of Amazon.com in a research report on Monday, April 24th. MKM Partners reiterated a “buy” rating and set a $995.00 target price on shares of Amazon.com in a research report on Tuesday, April 25th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $970.00 target price on shares of Amazon.com in a research report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. 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 stock was sold at an average price of $986.12, for a total value of $1,957,448.20. Following the completion of the sale, the chief executive officer now directly owns 81,479 shares in the company, valued at approximately $80,348,071.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 of the company’s stock, valued at $9,697,300. The disclosure for this sale can be found here. Insiders have sold 16,463 shares of company stock valued at $16,299,266 over the last quarter. 17.70% of the stock is owned by company insiders.
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.