Cape ANN Savings Bank Invests $257,000 in Amazon.com, Inc. (AMZN) Stock

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Cape ANN Savings Bank purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 142 shares of the e-commerce giant’s stock, valued at approximately $257,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Summit Trail Advisors LLC grew its holdings in shares of Amazon.com by 180,406.1% during the 1st quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock worth $9,848,000 after purchasing an additional 9,842,959 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of Amazon.com by 198,956.6% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock worth $1,949,000 after purchasing an additional 3,338,491 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Amazon.com by 3.3% during the 1st quarter. Fisher Asset Management LLC now owns 1,853,073 shares of the e-commerce giant’s stock worth $2,682,027,000 after purchasing an additional 59,516 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Amazon.com by 0.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,449,920 shares of the e-commerce giant’s stock worth $2,098,527,000 after purchasing an additional 4,491 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Amazon.com by 4.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,431,303 shares of the e-commerce giant’s stock worth $2,071,583,000 after purchasing an additional 58,070 shares in the last quarter. 57.36% of the stock is currently owned by institutional investors.

Several analysts have recently weighed in on AMZN shares. Zacks Investment Research lowered Amazon.com from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. Morgan Stanley reissued a “buy” rating on shares of Amazon.com in a report on Tuesday, July 17th. Morningstar reissued a “buy” rating on shares of Amazon.com in a report on Thursday. Barclays reissued a “buy” rating and set a $1,870.00 price objective on shares of Amazon.com in a report on Friday, July 27th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a report on Monday, October 1st. Four investment analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $2,005.64.

In other Amazon.com news, SVP David Zapolsky sold 1,927 shares of the business’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $1,899.96, for a total value of $3,661,222.92. Following the transaction, the senior vice president now owns 3,161 shares of the company’s stock, valued at $6,005,773.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $2,004.25, for a total value of $4,008,500.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $20,042,500. The disclosure for this sale can be found here. In the last three months, insiders sold 25,308 shares of company stock worth $47,905,498. Insiders own 16.30% of the company’s stock.

Amazon.com stock opened at $1,719.36 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $976.95 billion, a price-to-earnings ratio of 377.88, a price-to-earnings-growth ratio of 4.17 and a beta of 1.58. Amazon.com, Inc. has a 52 week low of $962.50 and a 52 week high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $2.58. The company had revenue of $52.89 billion for the quarter, compared to analyst estimates of $53.37 billion. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The business’s revenue was up 39.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Research analysts anticipate that Amazon.com, Inc. will post 17.78 earnings per share for the current year.

Amazon.com Profile

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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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

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