Firsthand Capital Management Inc. maintained its stake in Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,000 shares of the e-commerce giant’s stock at the end of the first quarter. Amazon.com comprises about 4.7% of Firsthand Capital Management Inc.’s holdings, making the stock its 7th largest position. Firsthand Capital Management Inc.’s holdings in Amazon.com were worth $4,433,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. OLD Second National Bank of Aurora boosted its position in Amazon.com by 15.0% during the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock valued at $102,000 after purchasing an additional 15 shares during the last quarter. Lipe & Dalton acquired a new stake in Amazon.com during the first quarter valued at $124,000. Arcadia Investment Management Corp MI boosted its position in Amazon.com by 43.7% during the first quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock valued at $152,000 after purchasing an additional 52 shares during the last quarter. First PREMIER Bank boosted its position in Amazon.com by 8.5% during the first quarter. First PREMIER Bank now owns 191 shares of the e-commerce giant’s stock valued at $169,000 after purchasing an additional 15 shares during the last quarter. Finally, Feltz Wealth PLAN Inc. acquired a new stake in Amazon.com during the first quarter valued at $180,000. Institutional investors and hedge funds own 60.76% of the company’s stock.
Shares of Amazon.com, Inc. (NASDAQ AMZN) opened at 955.10 on Friday. Amazon.com, Inc. has a 52-week low of $710.10 and a 52-week high of $1,083.31. The stock has a market capitalization of $458.81 billion, a PE ratio of 242.90 and a beta of 1.47. The stock has a 50 day moving average of $973.80 and a 200 day moving average of $952.61.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($1.00). Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The firm had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. During the same period in the previous year, the company posted $1.78 earnings per share. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. Analysts forecast that Amazon.com, Inc. will post $3.68 earnings per share for the current year.
In other news, VP Shelley Reynolds sold 544 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total transaction of $536,666.88. Following the transaction, the vice president now owns 6,533 shares in the company, valued at approximately $6,444,935.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total value of $2,674,560.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,552,000. The disclosure for this sale can be found here. Insiders have sold a total of 9,793 shares of company stock worth $9,574,377 in the last ninety days. Corporate insiders own 17.70% of the company’s stock.
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AMZN has been the subject of a number of analyst reports. Instinet reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, June 2nd. BidaskClub cut Amazon.com from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. SunTrust Banks, Inc. initiated coverage on Amazon.com in a research report on Tuesday, August 15th. They issued a “buy” rating and a $1,220.00 price target for the company. JMP Securities reaffirmed an “outperform” rating and issued a $1,125.00 price target on shares of Amazon.com in a research report on Friday, August 25th. Finally, Mizuho reaffirmed a “buy” rating and issued a $1,250.00 price target on shares of Amazon.com in a research report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, forty-six have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $1,101.25.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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