Community Bank of Raymore Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Community Bank of Raymore lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1,900.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,780 shares of the e-commerce giant’s stock after purchasing an additional 3,591 shares during the period. Community Bank of Raymore’s holdings in Amazon.com were worth $401,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Calton & Associates Inc. lifted its position in shares of Amazon.com by 2.6% in the 1st quarter. Calton & Associates Inc. now owns 866 shares of the e-commerce giant’s stock worth $2,823,000 after purchasing an additional 22 shares during the period. Kavar Capital Partners Group LLC lifted its position in Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after acquiring an additional 79 shares during the period. IFM Investors Pty Ltd lifted its position in Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after acquiring an additional 13,060 shares during the period. LexAurum Advisors LLC lifted its position in Amazon.com by 10.7% during the 1st quarter. LexAurum Advisors LLC now owns 827 shares of the e-commerce giant’s stock valued at $2,696,000 after acquiring an additional 80 shares during the period. Finally, Ironwood Wealth Management LLC. lifted its position in Amazon.com by 0.8% during the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after acquiring an additional 15 shares during the period. 57.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other news, CFO Brian T. Olsavsky sold 16,720 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $135.55, for a total value of $2,266,396.00. Following the transaction, the chief financial officer now owns 47,500 shares of the company’s stock, valued at $6,438,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Brian T. Olsavsky sold 16,720 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $135.55, for a total value of $2,266,396.00. Following the sale, the chief financial officer now owns 47,500 shares in the company, valued at $6,438,625. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 7,448 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $134.25, for a total transaction of $999,894.00. Following the completion of the sale, the chief executive officer now owns 498,572 shares in the company, valued at approximately $66,933,291. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 305,420 shares of company stock valued at $12,769,879. 12.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $175.00 price target on shares of Amazon.com in a research report on Thursday, August 4th. Oppenheimer lowered their price target on shares of Amazon.com from $165.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Royal Bank of Canada lowered their price target on shares of Amazon.com from $175.00 to $135.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Citigroup lowered their price target on shares of Amazon.com from $185.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Finally, JMP Securities reduced their price objective on shares of Amazon.com from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $150.89.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $94.14 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. Amazon.com, Inc. has a 1-year low of $85.87 and a 1-year high of $188.11. The company has a market capitalization of $960.38 billion, a P/E ratio of 86.41, a P/E/G ratio of 7.53 and a beta of 1.23. The firm’s 50 day simple moving average is $110.68 and its two-hundred day simple moving average is $117.14.

Amazon.com (NASDAQ:AMZNGet Rating) last released its earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 EPS for the quarter, topping the consensus estimate of $0.22 by $0.06. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The firm had revenue of $127.10 billion for the quarter, compared to the consensus estimate of $127.47 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. Research analysts expect that Amazon.com, Inc. will post 0.62 EPS for the current fiscal year.

Amazon.com Company Profile

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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further Reading

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

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