Capital Bank & Trust Co trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,808 shares of the e-commerce giant’s stock after selling 1,690 shares during the quarter. Amazon.com comprises 1.9% of Capital Bank & Trust Co’s portfolio, making the stock its 8th largest holding. Capital Bank & Trust Co’s holdings in Amazon.com were worth $151,197,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. Enterprise Trust & Investment Co bought a new stake in shares of Amazon.com during the 2nd quarter worth $27,000. Signet Investment Advisory Group Inc. bought a new stake in shares of Amazon.com during the 4th quarter worth $33,000. Litman Gregory Asset Management LLC bought a new stake in shares of Amazon.com during the 2nd quarter worth $53,000. Clear Investment Research LLC boosted its stake in shares of Amazon.com by 27.6% during the 2nd quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock worth $70,000 after acquiring an additional 8 shares in the last quarter. Finally, Contravisory Investment Management Inc. boosted its stake in shares of Amazon.com by 20.6% during the 2nd quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock worth $78,000 after acquiring an additional 7 shares in the last quarter. 55.71% of the stock is owned by institutional investors and hedge funds.
In other Amazon.com news, CEO Andrew R. Jassy sold 7,308 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the transaction, the chief executive officer now directly owns 92,614 shares in the company, valued at $185,228,000. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeffrey A. Wilke sold 3,475 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,773.99, for a total value of $6,164,615.25. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $17,739,900. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,514 shares of company stock worth $56,347,835. Corporate insiders own 16.10% of the company’s stock.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $5.29 by ($0.07). Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The firm had revenue of $63.40 billion for the quarter, compared to analysts’ expectations of $62.59 billion. During the same quarter in the prior year, the business posted $5.07 earnings per share. Amazon.com’s revenue was up 19.9% on a year-over-year basis. As a group, equities analysts anticipate that Amazon.com, Inc. will post 24.01 EPS for the current year.
Several equities research analysts have recently weighed in on the company. Pivotal Research reissued a “buy” rating and set a $2,615.00 price objective (down from $2,750.00) on shares of Amazon.com in a research note on Friday, July 26th. Oppenheimer set a $2,100.00 price objective on Amazon.com and gave the stock a “buy” rating in a research note on Friday, July 26th. KeyCorp restated an “overweight” rating and issued a $2,200.00 target price (up previously from $2,100.00) on shares of Amazon.com in a report on Monday, July 22nd. Benchmark restated a “buy” rating and issued a $2,300.00 target price on shares of Amazon.com in a report on Friday, July 26th. Finally, Loop Capital set a $2,380.00 target price on Amazon.com and gave the company a “buy” rating in a report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have given a buy rating to the stock. Amazon.com has an average rating of “Buy” and an average price target of $2,259.84.
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 third-party sellers through physical stores and online stores.
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