Bremer Bank National Association Buys 22,516 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bremer Bank National Association increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,740.0% during the second quarter, HoldingsChannel reports. The fund owned 23,810 shares of the e-commerce giant’s stock after acquiring an additional 22,516 shares during the quarter. Bremer Bank National Association’s holdings in Amazon.com were worth $2,529,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lcnb Corp raised its position in shares of Amazon.com by 0.6% during the fourth quarter. Lcnb Corp now owns 624 shares of the e-commerce giant’s stock worth $2,081,000 after purchasing an additional 4 shares during the period. MBM Wealth Consultants LLC raised its holdings in Amazon.com by 57.1% during the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after buying an additional 4 shares during the period. Samalin Investment Counsel LLC lifted its stake in Amazon.com by 1.7% in the fourth quarter. Samalin Investment Counsel LLC now owns 239 shares of the e-commerce giant’s stock valued at $795,000 after buying an additional 4 shares in the last quarter. Confluence Investment Management LLC boosted its holdings in shares of Amazon.com by 6.3% in the first quarter. Confluence Investment Management LLC now owns 67 shares of the e-commerce giant’s stock valued at $218,000 after buying an additional 4 shares during the period. Finally, Stonebridge Capital Management Inc. increased its position in shares of Amazon.com by 0.5% during the first quarter. Stonebridge Capital Management Inc. now owns 861 shares of the e-commerce giant’s stock worth $2,807,000 after acquiring an additional 4 shares in the last quarter. Institutional investors own 57.15% of the company’s stock.

Amazon.com Stock Up 0.9 %

Shares of NASDAQ:AMZN opened at $124.66 on Tuesday. The business’s 50 day simple moving average is $129.52 and its two-hundred day simple moving average is $130.59. The firm has a market cap of $1.27 trillion, a P/E ratio of 111.75, a PEG ratio of 5.51 and a beta of 1.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95. Amazon.com, Inc. has a 52-week low of $101.26 and a 52-week high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.35). The firm had revenue of $121.23 billion during the quarter, compared to the consensus estimate of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 0.99 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on AMZN. Jefferies Financial Group reduced their target price on shares of Amazon.com from $163.00 to $150.00 in a research note on Wednesday, July 20th. Itau BBA Securities assumed 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. Canaccord Genuity Group boosted their target price on Amazon.com from $185.00 to $200.00 in a research note on Friday, July 29th. Barclays raised their price target on shares of Amazon.com from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, July 29th. Finally, Cowen boosted their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have given a buy rating to the company. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $176.61.

Insider Activity

In other news, SVP David Zapolsky sold 10,480 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $145.01, for a total value of $1,519,704.80. Following the transaction, the senior vice president now owns 60,260 shares in the company, valued at $8,738,302.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP David Zapolsky sold 10,480 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $145.01, for a total value of $1,519,704.80. Following the transaction, the senior vice president now owns 60,260 shares in the company, valued at $8,738,302.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 23,620 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were 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. Insiders have sold 70,628 shares of company stock worth $9,802,599 over the last 90 days. 12.70% of the stock is currently owned by corporate insiders.

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.

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

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