Busey Wealth Management lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 22,934 shares of the e-commerce giant’s stock after selling 635 shares during the quarter. Amazon.com accounts for about 3.0% of Busey Wealth Management’s portfolio, making the stock its 5th biggest holding. Busey Wealth Management’s holdings in Amazon.com were worth $74,764,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp grew its stake in Amazon.com by 4.3% in the 4th quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock valued at $56,755,855,000 after acquiring an additional 698,970 shares during the period. Geode Capital Management LLC lifted its holdings in Amazon.com by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 7,193,360 shares of the e-commerce giant’s stock valued at $23,917,115,000 after purchasing an additional 195,716 shares in the last quarter. Capital Research Global Investors lifted its holdings in Amazon.com by 14.1% in the 4th quarter. Capital Research Global Investors now owns 4,574,546 shares of the e-commerce giant’s stock valued at $15,253,179,000 after purchasing an additional 564,699 shares in the last quarter. Norges Bank purchased a new position in Amazon.com in the 4th quarter valued at $14,053,756,000. Finally, Castleview Partners LLC purchased a new position in Amazon.com in the 4th quarter valued at $1,143,000. 72.51% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:AMZN opened at $111.75 on Tuesday. The business’s 50-day simple moving average is $112.39 and its 200 day simple moving average is $139.60. The company has a market cap of $1.14 trillion, a P/E ratio of 53.95, a PEG ratio of 3.69 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.71 and a current ratio of 0.96. Amazon.com, Inc. has a one year low of $101.26 and a one year high of $188.65.
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, April 28th. The e-commerce giant reported $0.21 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.23). The company had revenue of $116.44 billion for the quarter, compared to analyst estimates of $116.52 billion. Amazon.com had a return on equity of 21.60% and a net margin of 4.48%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $0.79 earnings per share. Analysts predict that Amazon.com, Inc. will post 1.17 earnings per share for the current year.
In other Amazon.com news, CEO David H. Clark sold 2,270 shares of Amazon.com stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the sale, the chief executive officer now directly owns 6,695 shares in the company, valued at approximately $14,522,927.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 761 shares of Amazon.com stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $1,650,776.42. Following the sale, the chief financial officer now owns 2,375 shares in the company, valued at $5,151,897.50. The disclosure for this sale can be found here. Insiders have sold a total of 4,803 shares of company stock worth $10,528,337 over the last three months. 12.70% of the stock is currently owned by corporate insiders.
Several analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Amazon.com from $200.00 to $175.00 and set an “overweight” rating on the stock in a report on Wednesday, June 29th. Cowen reduced their price objective on shares of Amazon.com from $220.00 to $212.50 in a report on Friday, April 29th. Evercore ISI dropped their target price on Amazon.com from $205.00 to $180.00 and set an “outperform” rating for the company in a research report on Friday, June 24th. Monness Crespi & Hardt dropped their target price on Amazon.com from $225.00 to $185.00 and set a “buy” rating for the company in a research report on Friday, April 29th. Finally, Rosenblatt Securities initiated coverage on Amazon.com in a research report on Tuesday, April 19th. They issued a “neutral” rating and a $150.00 target price for the company. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and thirty-seven have given a buy rating to the company. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $185.45.
Amazon.com Profile (Get Rating)
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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