Monroe Bank & Trust MI Has $1.31 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Monroe Bank & Trust MI trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 692 shares of the e-commerce giant’s stock after selling 27 shares during the quarter. Monroe Bank & Trust MI’s holdings in Amazon.com were worth $1,310,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Signet Investment Advisory Group Inc. acquired a new position in shares of Amazon.com during the 4th quarter worth about $33,000. Financial Advantage Inc. acquired a new position in shares of Amazon.com during the 4th quarter worth about $45,000. Mascoma Wealth Management LLC grew its position 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 worth $78,000 after buying an additional 7 shares during the period. Contravisory Investment Management Inc. grew its position 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 buying an additional 7 shares during the period. Finally, Jackson Grant Investment Advisers Inc. grew its position in shares of Amazon.com by 18.4% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 58 shares of the e-commerce giant’s stock worth $87,000 after buying an additional 9 shares during the period. Hedge funds and other institutional investors own 57.17% of the company’s stock.

Several research firms have recently issued reports on AMZN. Bank of America restated a “buy” rating and set a $2,350.00 target price (up from $2,300.00) on shares of Amazon.com in a research report on Friday, July 26th. Zacks Investment Research lowered Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. Benchmark restated a “buy” rating and set a $2,300.00 target price on shares of Amazon.com in a research report on Friday, July 26th. Piper Jaffray Companies boosted their target price on Amazon.com from $2,070.00 to $2,225.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Finally, Aegis restated a “buy” rating and set a $2,250.00 target price (up from $2,225.00) on shares of Amazon.com in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $2,251.95.

NASDAQ AMZN opened at $1,791.98 on Wednesday. The company has a market cap of $894.13 billion, a PE ratio of 88.98, a price-to-earnings-growth ratio of 2.29 and a beta of 1.55. The company has a 50 day moving average price of $1,915.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.10 and a quick ratio of 0.84. Amazon.com, Inc. has a 52 week low of $1,307.00 and a 52 week high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.29 by ($0.07). The firm had revenue of $63.40 billion during the quarter, compared to the consensus estimate of $62.59 billion. Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The company’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.07 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 24.52 earnings per share for the current fiscal year.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $1,858.25, for a total value of $1,858,250.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $18,582,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 7,308 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were 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 in the company, valued at approximately $185,228,000. The disclosure for this sale can be found here. Insiders sold a total of 9,071 shares of company stock worth $18,000,250 in the last 90 days. Company insiders own 16.10% of the company’s stock.

About Amazon.com

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

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