First Business Financial Services Inc. Purchases 15,195 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

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

In other Amazon.com news, CEO Douglas J. Herrington sold 7,448 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $134.25, for a total transaction of $999,894.00. Following the completion of the sale, the chief executive officer now directly owns 498,572 shares of the company’s stock, valued at $66,933,291. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 7,448 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $134.25, for a total transaction of $999,894.00. Following the completion of the sale, the chief executive officer now directly owns 498,572 shares of the company’s stock, valued at $66,933,291. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 16,720 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $135.55, for a total transaction of $2,266,396.00. Following the completion of the transaction, the chief financial officer now owns 47,500 shares of the company’s stock, valued at $6,438,625. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 305,420 shares of company stock valued at $12,769,879. Insiders own 12.70% of the company’s stock.

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:AMZNGet 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 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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