Cadence Bank NA Acquires 5 Shares of Amazon.com, Inc. (AMZN)

Cadence Bank NA raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 658 shares of the e-commerce giant’s stock after buying an additional 5 shares during the period. Cadence Bank NA’s holdings in Amazon.com were worth $584,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. 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 worth $102,000 after buying an additional 15 shares in the last quarter. Ibex Wealth Advisors purchased a new position in shares of Amazon.com during the fourth quarter worth $113,000. Empirical Finance LLC purchased a new position in shares of Amazon.com during the fourth quarter worth $152,000. D Orazio & Associates Inc. boosted its position in shares of Amazon.com by 8.0% in the fourth quarter. D Orazio & Associates Inc. now owns 215 shares of the e-commerce giant’s stock worth $161,000 after buying an additional 16 shares in the last quarter. Finally, 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 worth $169,000 after buying an additional 15 shares in the last quarter. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) opened at 1010.04 on Tuesday. The company has a market capitalization of $482.77 billion, a price-to-earnings ratio of 190.21 and a beta of 1.48. Amazon.com, Inc. has a one year low of $710.10 and a one year high of $1,017.00. The stock has a 50 day moving average of $983.46 and a 200-day moving average of $880.70.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, April 27th. The e-commerce giant reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.45. The firm had revenue of $35.71 billion during the quarter, compared to the consensus estimate of $35.31 billion. Amazon.com had a return on equity of 13.72% and a net margin of 1.81%. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 EPS. On average, equities analysts expect that Amazon.com, Inc. will post $6.69 earnings per share for the current year.

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A number of equities analysts have recently weighed in on the stock. TheStreet cut shares of Amazon.com from a “b-” rating to a “c+” rating in a research report on Monday, July 10th. Zacks Investment Research raised shares of Amazon.com from a “strong sell” rating to a “hold” rating in a research report on Monday. UBS AG reissued a “buy” rating and set a $1,200.00 price target (up from $1,100.00) on shares of Amazon.com in a research report on Monday. Robert W. Baird reaffirmed an “outperform” rating on shares of Amazon.com in a research report on Friday. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $1,200.00 price objective on shares of Amazon.com in a research report on Friday. Five equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the company. Amazon.com presently has an average rating of “Buy” and a consensus target price of $1,022.31.

In other news, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $1,011.06, for a total transaction of $2,022,120.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $10,110,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $985.25, for a total value of $699,527.50. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,852,500. The disclosure for this sale can be found here. Insiders have sold a total of 1,014,090 shares of company stock valued at $954,546,394 over the last quarter. Corporate 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.

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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