First Business Financial Services Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2,155.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,900 shares of the e-commerce giant’s stock after purchasing an additional 15,195 shares during the period. First Business Financial Services Inc.’s holdings in Amazon.com were worth $1,689,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. LRT Capital Management LLC purchased a new position in Amazon.com in the 1st quarter worth $939,000. Bellecapital International Ltd. raised its position in Amazon.com by 1,993.8% in the 2nd quarter. Bellecapital International Ltd. now owns 70,644 shares of the e-commerce giant’s stock worth $7,503,000 after purchasing an additional 67,270 shares during the period. Van Hulzen Asset Management LLC raised its position in Amazon.com by 2.1% in the 1st quarter. Van Hulzen Asset Management LLC now owns 3,993 shares of the e-commerce giant’s stock worth $13,017,000 after purchasing an additional 82 shares during the period. Bouchey Financial Group Ltd raised its position in Amazon.com by 2,027.5% in the 2nd quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant’s stock worth $17,028,000 after purchasing an additional 152,790 shares during the period. Finally, Ervin Investment Management LLC raised its position in Amazon.com by 1,900.0% in the 2nd quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant’s stock worth $320,000 after purchasing an additional 2,793 shares during the period. 57.15% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on AMZN. Citigroup decreased their target price on shares of Amazon.com from $185.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. UBS Group raised their price target on shares of Amazon.com from $167.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Itaú Unibanco started coverage on shares of Amazon.com in a report on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 price target on the stock. Credit Suisse Group cut their price target on shares of Amazon.com from $159.00 to $142.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $175.00 price target on shares of Amazon.com in a report on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.89.
Insider Buying and Selling at Amazon.com
Amazon.com Stock Down 0.7 %
AMZN opened at $94.14 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average price of $110.68 and a 200-day moving average price of $117.14. Amazon.com, Inc. has a twelve month low of $85.87 and a twelve month high of $188.11. The stock has a market capitalization of $960.38 billion, a price-to-earnings ratio of 86.41, a PEG ratio of 7.53 and a beta of 1.23.
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.06. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The firm had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. During the same period in the previous year, the company earned $0.31 earnings per share. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 0.62 earnings per share for the current year.
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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