Cobblestone Capital Advisors LLC NY cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 18,157 shares of the e-commerce giant’s stock after selling 195 shares during the period. Amazon.com makes up approximately 2.1% of Cobblestone Capital Advisors LLC NY’s portfolio, making the stock its 8th largest position. Cobblestone Capital Advisors LLC NY’s holdings in Amazon.com were worth $16,097,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. OLD Second National Bank of Aurora boosted its position in shares of Amazon.com by 15.0% in 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 buying an additional 15 shares in the last quarter. Arcadia Investment Management Corp MI boosted its position in shares of Amazon.com by 43.7% in the first quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock valued at $152,000 after buying an additional 52 shares in the last quarter. First PREMIER Bank boosted its position in shares of Amazon.com by 8.5% in the first quarter. First PREMIER Bank now owns 191 shares of the e-commerce giant’s stock valued at $169,000 after buying an additional 15 shares in the last quarter. Feltz Wealth PLAN Inc. acquired a new position in shares of Amazon.com during the first quarter valued at approximately $180,000. Finally, Tompkins Financial Corp boosted its position in shares of Amazon.com by 94.4% in the first quarter. Tompkins Financial Corp now owns 315 shares of the e-commerce giant’s stock valued at $187,000 after buying an additional 153 shares in the last quarter. 61.90% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.75% during mid-day trading on Friday, reaching $945.26. 3,324,791 shares of the company were exchanged. The stock has a market capitalization of $454.08 billion, a price-to-earnings ratio of 240.40 and a beta of 1.48. Amazon.com, Inc. has a one year low of $710.10 and a one year high of $1,083.31. The stock has a 50 day moving average of $993.73 and a 200-day moving average of $935.81.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. During the same quarter last year, the business earned $1.78 EPS. The company’s quarterly revenue was up 24.8% on a year-over-year basis. On average, equities analysts expect that Amazon.com, Inc. will post $3.82 earnings per share for the current fiscal year.
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AMZN has been the topic of several recent research reports. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, July 28th. Robert W. Baird raised shares of Amazon.com from an “outperform” rating to a “neutral” rating in a report on Monday, May 15th. Royal Bank Of Canada lowered their target price on shares of Amazon.com from $1,100.00 to $900.00 and set an “outperform” rating on the stock in a report on Monday, May 1st. Vetr raised shares of Amazon.com from a “buy” rating to a “strong-buy” rating and set a $1,095.08 target price on the stock in a report on Monday, July 3rd. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $1,200.00 target price (down from $1,220.00) on shares of Amazon.com in a report on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $1,080.08.
In other news, CEO Jeffrey A. Wilke sold 2,800 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tom A. Alberg sold 800 shares of the stock in a transaction that occurred 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 owns 20,320 shares in the company, valued at approximately $20,320,000. The disclosure for this sale can be found here. Insiders have sold a total of 15,263 shares of company stock worth $15,094,906 in the last quarter. Insiders own 17.70% of the company’s stock.
About Amazon.com
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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