Bell & Brown Wealth Advisors LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 140 shares of the e-commerce giant’s stock, valued at approximately $238,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. HC Financial Advisors Inc. acquired a new position in Amazon.com in the fourth quarter worth about $315,000. Commerce Bank raised its position in Amazon.com by 2.3% in the first quarter. Commerce Bank now owns 64,588 shares of the e-commerce giant’s stock worth $93,481,000 after purchasing an additional 1,458 shares in the last quarter. First National Bank of Omaha acquired a new position in Amazon.com in the first quarter worth about $3,749,000. Meeder Asset Management Inc. raised its position in Amazon.com by 13.9% in the first quarter. Meeder Asset Management Inc. now owns 11,455 shares of the e-commerce giant’s stock worth $16,579,000 after purchasing an additional 1,394 shares in the last quarter. Finally, Adirondack Trust Co. raised its position in Amazon.com by 5.0% in the first quarter. Adirondack Trust Co. now owns 1,908 shares of the e-commerce giant’s stock worth $2,988,000 after purchasing an additional 90 shares in the last quarter. 56.73% of the stock is owned by institutional investors and hedge funds.
In other Amazon.com news, Director Tom A. Alberg sold 2,320 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $1,827.29, for a total value of $4,239,312.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Judith A. Mcgrath sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $1,905.00, for a total transaction of $952,500.00. The disclosure for this sale can be found here. Insiders have sold 37,272 shares of company stock worth $66,675,598 over the last three months. 16.30% of the stock is owned by insiders.
AMZN opened at $1,598.01 on Thursday. Amazon.com, Inc. has a one year low of $1,086.87 and a one year high of $2,050.50. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63. The company has a market cap of $803.28 billion, a PE ratio of 351.21, a P/E/G ratio of 3.20 and a beta of 1.58.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.29 by $2.46. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. The business had revenue of $56.58 billion for the quarter, compared to analysts’ expectations of $57.05 billion. As a group, equities analysts anticipate that Amazon.com, Inc. will post 18.68 EPS for the current fiscal year.
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) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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