Cribstone Capital Management LLC Buys 15 Shares of 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 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.

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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.

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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