Trustcore Financial Services LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 13.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,274 shares of the e-commerce giant’s stock after acquiring an additional 382 shares during the quarter. Amazon.com accounts for approximately 1.4% of Trustcore Financial Services LLC’s holdings, making the stock its 16th largest position. Trustcore Financial Services LLC’s holdings in Amazon.com were worth $6,200,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Signet Investment Advisory Group Inc. bought a new position in shares of Amazon.com during the 4th quarter valued at $33,000. Financial Advantage Inc. bought a new position in shares of Amazon.com during the 4th quarter valued at $45,000. O Brien Wealth Partners LLC lifted its holdings in shares of Amazon.com by 104.8% during the 4th quarter. O Brien Wealth Partners LLC now owns 43 shares of the e-commerce giant’s stock valued at $72,000 after buying an additional 22 shares during the period. Mascoma Wealth Management LLC lifted its holdings in shares of Amazon.com by 15.6% during the 4th quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock valued at $78,000 after buying an additional 7 shares during the period. Finally, Contravisory Investment Management Inc. lifted its holdings 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 valued at $78,000 after buying an additional 7 shares during the period. 57.07% of the stock is currently owned by institutional investors and hedge funds.
In other Amazon.com news, insider David Zapolsky sold 763 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total value of $1,526,000.00. Following the completion of the sale, the insider now owns 2,698 shares in the company, valued at approximately $5,396,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 7,308 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total value of $14,616,000.00. Following the completion of the sale, the chief executive officer now owns 92,614 shares of the company’s stock, valued at approximately $185,228,000. The disclosure for this sale can be found here. Insiders sold a total of 13,993 shares of company stock valued at $27,046,432 in the last quarter. 16.10% of the stock is currently owned by company insiders.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $63.40 billion during the quarter, compared to analysts’ expectations of $62.59 billion. During the same quarter in the previous year, the company posted $5.07 EPS. The company’s quarterly revenue was up 19.9% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 24.52 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on AMZN shares. JPMorgan Chase & Co. reissued a “buy” rating on shares of Amazon.com in a report on Monday, July 29th. Zacks Investment Research cut Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Monness Crespi & Hardt set a $2,300.00 price target on Amazon.com and gave the company a “buy” rating in a report on Friday, July 19th. William Blair reissued an “outperform” rating on shares of Amazon.com in a report on Friday, July 26th. Finally, Barclays raised Amazon.com from an “outperform” rating to a “buy” rating in a report on Monday, July 29th. Three research analysts have rated the stock with a hold rating and forty-two have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $2,251.95.
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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