OLD National Bancorp IN grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,349 shares of the e-commerce giant’s stock after acquiring an additional 199 shares during the quarter. Amazon.com accounts for 2.0% of OLD National Bancorp IN’s holdings, making the stock its 7th biggest position. OLD National Bancorp IN’s holdings in Amazon.com were worth $39,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Gantzert Investment Co. LLC ADV bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $28,000. Your Advocates Ltd. LLP bought a new stake in shares of Amazon.com in the 1st quarter valued at about $37,000. James Investment Research Inc. bought a new stake in Amazon.com during the 2nd quarter worth approximately $55,000. Spence Asset Management increased its stake in Amazon.com by 57.1% during the 2nd quarter. Spence Asset Management now owns 22 shares of the e-commerce giant’s stock worth $61,000 after purchasing an additional 8 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its stake in Amazon.com by 262.5% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 29 shares of the e-commerce giant’s stock worth $57,000 after purchasing an additional 21 shares in the last quarter. 64.54% of the stock is owned by institutional investors.
In other news, CEO Andrew R. Jassy sold 6,945 shares of Amazon.com stock in a transaction on Monday, May 4th. The stock was sold at an average price of $2,256.50, for a total transaction of $15,671,392.50. Following the completion of the sale, the chief executive officer now owns 93,105 shares of the company’s stock, valued at $210,091,432.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Indra K. Nooyi bought 27 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were purchased at an average cost of $2,806.80 per share, with a total value of $75,783.60. Following the acquisition, the director now directly owns 707 shares of the company’s stock, valued at approximately $1,984,407.60. The disclosure for this purchase can be found here. 16.10% of the stock is currently owned by company insiders.
Shares of Amazon.com stock opened at $3,164.68 on Friday. The business has a fifty day simple moving average of $2,884.55 and a two-hundred day simple moving average of $2,314.52. Amazon.com, Inc. has a 1 year low of $1,626.03 and a 1 year high of $3,344.29. The company has a market capitalization of $1,578.47 billion, a price-to-earnings ratio of 121.67, a P/E/G ratio of 5.83 and a beta of 1.32. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.08 and a quick ratio of 0.84.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.74 by $8.56. Amazon.com had a return on equity of 21.51% and a net margin of 4.10%. The company had revenue of $88.91 billion during the quarter, compared to the consensus estimate of $81.56 billion. As a group, equities analysts anticipate that Amazon.com, Inc. will post 20.12 earnings per share for the current fiscal year.
A number of analysts recently issued reports on AMZN shares. Canaccord Genuity increased their target price on Amazon.com from $3,300.00 to $3,800.00 and gave the stock a “buy” rating in a research note on Friday. Credit Suisse Group increased their target price on Amazon.com from $3,400.00 to $3,680.00 and gave the stock an “outperform” rating in a research note on Friday. Morgan Stanley increased their target price on Amazon.com from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays increased their target price on Amazon.com from $3,430.00 to $3,530.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Monness Crespi & Hardt increased their target price on Amazon.com from $3,500.00 to $3,750.00 and gave the stock a “buy” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $3,240.51.
Amazon.com Company Profile
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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