Trust Co. of Vermont increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,475 shares of the e-commerce giant’s stock after buying an additional 975 shares during the period. Amazon.com comprises approximately 1.3% of Trust Co. of Vermont’s investment portfolio, making the stock its 18th largest position. Trust Co. of Vermont’s holdings in Amazon.com were worth $11,946,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. OLD Second National Bank of Aurora raised its stake in 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 during the period. Ibex Wealth Advisors acquired a new stake in shares of Amazon.com during the fourth quarter worth about $113,000. Arcadia Investment Management Corp MI increased its position in 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 during the period. D Orazio & Associates Inc. increased its position in Amazon.com by 8.0% in the fourth quarter. D Orazio & Associates Inc. now owns 215 shares of the e-commerce giant’s stock valued at $161,000 after buying an additional 16 shares during the period. Finally, First PREMIER Bank increased its position in 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 during the period. Institutional investors and hedge funds own 61.90% of the company’s stock.
Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.22% on Friday, hitting $958.47. The stock had a trading volume of 3,284,821 shares. Amazon.com, Inc. has a 1-year low of $710.10 and a 1-year high of $1,083.31. The stock has a 50 day moving average price of $995.90 and a 200 day moving average price of $931.08. The company has a market cap of $460.43 billion, a P/E ratio of 243.76 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. The company 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%. Amazon.com’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.78 earnings per share. On average, equities research analysts expect that Amazon.com, Inc. will post $3.83 EPS for the current fiscal year.
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AMZN has been the subject of a number of analyst 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 research report on Monday, May 15th. Royal Bank Of Canada reduced 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 research 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 price objective on the stock in a report on Monday, July 3rd. Finally, Citigroup Inc. reissued a “buy” rating and set a $1,200.00 price objective (down from $1,220.00) on shares of Amazon.com in a report on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, forty-four have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $1,078.80.
In other Amazon.com news, Director Tom A. Alberg sold 800 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now owns 20,320 shares of the company’s stock, valued at $20,320,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 4,000 shares of the firm’s stock in a transaction that occurred 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 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. Insiders sold a total of 16,463 shares of company stock valued at $16,299,266 over the last 90 days. 17.70% of the stock is currently owned by company 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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