Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 2,220 shares of the e-commerce giant’s stock after buying an additional 163 shares during the quarter. Amazon.com accounts for about 1.8% of OLD Second National Bank of Aurora’s investment portfolio, making the stock its 14th biggest holding. OLD Second National Bank of Aurora’s holdings in Amazon.com were worth $7,237,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Marks Group Wealth Management Inc lifted its holdings in shares of Amazon.com by 14.2% in the 1st quarter. Marks Group Wealth Management Inc now owns 1,362 shares of the e-commerce giant’s stock valued at $4,440,000 after buying an additional 169 shares during the period. Trek Financial LLC raised its holdings in Amazon.com by 285.2% during the first quarter. Trek Financial LLC now owns 1,957 shares of the e-commerce giant’s stock worth $6,380,000 after purchasing an additional 1,449 shares during the last quarter. Fishman Jay A Ltd. MI raised its holdings in Amazon.com by 6.6% during the first quarter. Fishman Jay A Ltd. MI now owns 19,746 shares of the e-commerce giant’s stock worth $64,371,000 after purchasing an additional 1,230 shares during the last quarter. Community Bank & Trust Waco Texas raised its holdings in Amazon.com by 2.4% during the first quarter. Community Bank & Trust Waco Texas now owns 2,735 shares of the e-commerce giant’s stock worth $8,916,000 after purchasing an additional 65 shares during the last quarter. Finally, Cutler Investment Counsel LLC raised its holdings in Amazon.com by 760.8% during the first quarter. Cutler Investment Counsel LLC now owns 680 shares of the e-commerce giant’s stock worth $2,217,000 after purchasing an additional 601 shares during the last quarter. 57.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 7,448 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $134.25, for a total value of $999,894.00. Following the transaction, the chief executive officer now owns 498,572 shares in the company, valued at $66,933,291. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Douglas J. Herrington sold 7,448 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $134.25, for a total value of $999,894.00. Following the transaction, the chief executive officer now owns 498,572 shares in the company, valued at $66,933,291. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 23,620 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $142.29, for a total value of $3,360,889.80. Following the completion of the transaction, the chief executive officer now owns 1,892,000 shares in the company, valued at approximately $269,212,680. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,108 shares of company stock worth $9,736,335. 12.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AMZN shares. Cowen lifted their price objective on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. Itau BBA Securities started coverage on Amazon.com in a report on Tuesday, July 26th. They set an “outperform” rating and a $146.00 price objective for the company. Rosenblatt Securities lifted their price objective on Amazon.com to $118.00 and gave the stock a “neutral” rating in a report on Friday, July 29th. Evercore ISI reduced their price objective on Amazon.com from $205.00 to $180.00 and set an “outperform” rating for the company in a report on Friday, June 24th. Finally, Stifel Nicolaus cut their price target on Amazon.com from $190.00 to $185.00 in a report on Friday, July 15th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and thirty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $177.99.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $127.51 on Tuesday. Amazon.com, Inc. has a 1-year low of $101.26 and a 1-year high of $188.11. The business has a 50-day moving average of $125.52 and a 200-day moving average of $132.89. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.68. The company has a market capitalization of $1.30 trillion, a price-to-earnings ratio of 114.31, a PEG ratio of 5.73 and a beta of 1.33.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The company had revenue of $121.23 billion during the quarter, compared to analysts’ expectations of $119.16 billion. During the same period in the previous year, the company earned $0.76 EPS. Amazon.com’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 0.98 EPS for the current fiscal year.

Amazon.com Company Profile

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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

See Also

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

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