Nicolet Bankshares Inc. Grows Stake in Amazon.com, Inc. (AMZN)

Nicolet Bankshares Inc. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 80.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 451 shares of the e-commerce giant’s stock after buying an additional 201 shares during the period. Nicolet Bankshares Inc.’s holdings in Amazon.com were worth $437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC lifted its position in Amazon.com by 100,947.5% during the second quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock valued at $2,379,000 after purchasing an additional 2,300,593 shares in the last quarter. State Street Corp lifted its position in Amazon.com by 1.1% during the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock valued at $14,667,392,000 after purchasing an additional 186,756 shares in the last quarter. Karp Capital Management Corp purchased a new position in Amazon.com during the first quarter valued at $157,189,000. Canada Pension Plan Investment Board lifted its position in Amazon.com by 401.7% during the first quarter. Canada Pension Plan Investment Board now owns 158,030 shares of the e-commerce giant’s stock valued at $140,100,000 after purchasing an additional 126,534 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in Amazon.com by 11.9% during the first quarter. Clearbridge Investments LLC now owns 883,531 shares of the e-commerce giant’s stock valued at $783,286,000 after purchasing an additional 93,757 shares in the last quarter. Hedge funds and other institutional investors own 60.77% of the company’s stock.

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AMZN has been the topic of several analyst reports. BidaskClub downgraded Amazon.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Nomura reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, June 15th. KeyCorp reiterated a “hold” rating on shares of Amazon.com in a research report on Friday, June 16th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, June 16th. Finally, Instinet lowered their target price on Amazon.com from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $1,109.89.

Amazon.com, Inc. (AMZN) opened at 987.20 on Wednesday. The company’s 50 day moving average is $968.03 and its 200 day moving average is $965.03. The firm has a market cap of $474.23 billion, a P/E ratio of 251.07 and a beta of 1.47. Amazon.com, Inc. has a 52-week low of $710.10 and a 52-week high of $1,083.31.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($1.00). The firm had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The firm’s revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 EPS. Equities research analysts forecast that Amazon.com, Inc. will post $3.66 EPS for the current fiscal year.

In related news, insider Brian T. Olsavsky sold 2,334 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $988.90, for a total transaction of $2,308,092.60. Following the sale, the insider now owns 1,748 shares of the company’s stock, valued at $1,728,597.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,552,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,083 shares of company stock worth $8,874,850. 17.70% of the stock is owned by insiders.

Amazon.com 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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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