Chase Investment Counsel Corp bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,101 shares of the e-commerce giant’s stock, valued at approximately $5,408,000. Amazon.com makes up about 2.6% of Chase Investment Counsel Corp’s investment portfolio, making the stock its 12th largest position.
Other institutional investors also recently modified their holdings of the company. Stillwater Capital Advisors LLC boosted its position in Amazon.com by 0.4% in the first quarter. Stillwater Capital Advisors LLC now owns 526 shares of the e-commerce giant’s stock valued at $466,000 after buying an additional 2 shares during the period. Beese Fulmer Investment Management Inc. boosted its stake in Amazon.com by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $256,000 after buying an additional 2 shares during the last quarter. Round Table Services LLC boosted its stake in Amazon.com by 0.3% in the first quarter. Round Table Services LLC now owns 701 shares of the e-commerce giant’s stock valued at $621,000 after buying an additional 2 shares during the last quarter. Naples Global Advisors LLC boosted its stake in Amazon.com by 0.3% in the first quarter. Naples Global Advisors LLC now owns 1,078 shares of the e-commerce giant’s stock valued at $956,000 after buying an additional 3 shares during the last quarter. Finally, Beaumont Financial Partners LLC boosted its stake in Amazon.com by 0.6% in the first quarter. Beaumont Financial Partners LLC now owns 545 shares of the e-commerce giant’s stock valued at $483,000 after buying an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 62.17% of the company’s stock.
Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.79% during mid-day trading on Wednesday, hitting $982.01. The company had a trading volume of 3,569,071 shares. Amazon.com, Inc. has a 1-year low of $710.10 and a 1-year high of $1,083.31. The firm has a market capitalization of $471.74 billion, a PE ratio of 249.75 and a beta of 1.48. The company has a 50 day moving average of $1,000.69 and a 200 day moving average of $920.11.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by $1.00. The business had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 earnings per share. Analysts predict that Amazon.com, Inc. will post $3.83 earnings per share for the current fiscal year.
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Several equities research analysts have commented on AMZN shares. Deutsche Bank AG boosted their target price on Amazon.com from $1,050.00 to $1,125.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Robert W. Baird restated an “outperform” rating and issued a $850.00 target price on shares of Amazon.com in a research note on Monday, May 1st. Raymond James Financial, Inc. lowered Amazon.com from an “outperform” rating to a “mkt perform” rating in a research report on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, May 1st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Amazon.com in a research report on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $1,065.61.
In other Amazon.com news, Director Tom A. Alberg sold 800 shares of Amazon.com stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $1,000.00, for a total value of $800,000.00. Following the transaction, the director now directly owns 20,320 shares of the company’s stock, valued at $20,320,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 4,000 shares of Amazon.com stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $9,697,300. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,890 shares of company stock worth $10,800,023. 17.70% of the stock is currently owned by corporate insiders.
Amazon.com Company Profile
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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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