Schaper Benz & Wise Investment Counsel Inc. WI raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,356 shares of the e-commerce giant’s stock after acquiring an additional 58 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Amazon.com were worth $2,354,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Enterprise Trust & Investment Co purchased a new position in Amazon.com in the 2nd quarter worth approximately $27,000. Phocas Financial Corp. purchased a new position in shares of Amazon.com during the 2nd quarter valued at approximately $45,000. Litman Gregory Asset Management LLC purchased a new position in shares of Amazon.com during the 2nd quarter valued at approximately $53,000. Financial Advantage Inc. boosted its stake in shares of Amazon.com by 26.7% during the 3rd quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock valued at $65,000 after buying an additional 8 shares during the last quarter. Finally, Cerebellum GP LLC boosted its stake in shares of Amazon.com by 18.0% during the 3rd quarter. Cerebellum GP LLC now owns 59 shares of the e-commerce giant’s stock valued at $69,000 after buying an additional 9 shares during the last quarter. Institutional investors and hedge funds own 55.60% of the company’s stock.
AMZN has been the subject of several research analyst reports. Robert W. Baird set a $2,080.00 target price on Amazon.com and gave the company a “buy” rating in a research note on Friday, October 25th. Bank of America restated a “buy” rating and set a $2,250.00 price objective (down from $2,350.00) on shares of Amazon.com in a research note on Monday, October 21st. Benchmark reduced their price objective on Amazon.com from $2,300.00 to $2,100.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Morgan Stanley dropped their target price on Amazon.com from $2,200.00 to $2,100.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have given a buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and an average target price of $2,189.97.
Shares of AMZN traded down $2.32 during trading hours on Friday, reaching $1,785.88. 2,123,300 shares of the company’s stock traded hands, compared to its average volume of 4,016,732. The firm has a market capitalization of $893.28 billion, a price-to-earnings ratio of 88.67, a P/E/G ratio of 3.20 and a beta of 1.56. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.10 and a quick ratio of 0.84. Amazon.com, Inc. has a twelve month low of $1,307.00 and a twelve month high of $2,035.80. The business’s fifty day simple moving average is $1,759.09 and its two-hundred day simple moving average is $1,840.01.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.46 by ($0.23). The company had revenue of $69.98 billion for the quarter, compared to the consensus estimate of $68.72 billion. Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the prior year, the business earned $5.75 earnings per share. On average, equities research analysts expect that Amazon.com, Inc. will post 20.52 EPS for the current year.
In related news, Director Indra K. Nooyi bought 100 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was acquired at an average cost of $1,726.06 per share, with a total value of $172,606.00. Following the transaction, the director now directly owns 250 shares in the company, valued at $431,515. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 1,765 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,783.00, for a total value of $3,146,995.00. Following the transaction, the chief financial officer now directly owns 2,480 shares of the company’s stock, valued at $4,421,840. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,747 shares of company stock valued at $40,737,808. 16.10% of the stock is owned by corporate insiders.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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