First Business Financial Services Inc. Buys 15,195 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

First Business Financial Services Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2,155.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,900 shares of the e-commerce giant’s stock after acquiring an additional 15,195 shares during the quarter. First Business Financial Services Inc.’s holdings in Amazon.com were worth $1,689,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jennison Associates LLC raised its stake in Amazon.com by 1,764.2% during the second quarter. Jennison Associates LLC now owns 48,142,889 shares of the e-commerce giant’s stock valued at $5,113,256,000 after purchasing an additional 45,560,351 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Amazon.com by 1,923.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,747,428 shares of the e-commerce giant’s stock valued at $2,947,054,000 after purchasing an additional 26,375,927 shares in the last quarter. New York State Teachers Retirement System raised its stake in Amazon.com by 1,895.2% during the second quarter. New York State Teachers Retirement System now owns 10,349,048 shares of the e-commerce giant’s stock valued at $1,099,172,000 after purchasing an additional 9,830,359 shares in the last quarter. Brown Advisory Inc. raised its stake in Amazon.com by 1,644.6% during the second quarter. Brown Advisory Inc. now owns 9,685,141 shares of the e-commerce giant’s stock valued at $1,202,879,000 after purchasing an additional 9,129,976 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Amazon.com by 1,539.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 9,633,606 shares of the e-commerce giant’s stock valued at $1,023,183,000 after purchasing an additional 9,046,135 shares in the last quarter. Institutional investors own 57.15% of the company’s stock.

Insiders Place Their Bets

In other news, Director Daniel P. Huttenlocher sold 1,720 shares of Amazon.com stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $95.70, for a total transaction of $164,604.00. Following the completion of the transaction, the director now directly owns 22,440 shares of the company’s stock, valued at approximately $2,147,508. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Daniel P. Huttenlocher sold 1,720 shares of Amazon.com stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $95.70, for a total transaction of $164,604.00. Following the completion of the transaction, the director now directly owns 22,440 shares of the company’s stock, valued at approximately $2,147,508. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 15,787 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the transaction, the chief executive officer now directly owns 522,251 shares of the company’s stock, valued at $53,844,078.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 305,420 shares of company stock valued at $12,769,879. 12.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMZN. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Amazon.com from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Jefferies Financial Group reduced their target price on shares of Amazon.com from $165.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Tigress Financial reduced their target price on shares of Amazon.com from $232.00 to $192.00 and set a “buy” rating on the stock in a research note on Wednesday, November 2nd. Canaccord Genuity Group increased their target price on shares of Amazon.com from $185.00 to $200.00 in a research note on Friday, July 29th. Finally, Sanford C. Bernstein reduced their target price on shares of Amazon.com from $150.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have given a buy rating to the company. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.89.

Amazon.com Stock Performance

AMZN opened at $94.14 on Friday. Amazon.com, Inc. has a 12-month low of $85.87 and a 12-month high of $188.11. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $960.38 billion, a PE ratio of 86.41, a P/E/G ratio of 7.53 and a beta of 1.23. The firm has a 50 day moving average of $110.68 and a two-hundred day moving average of $117.14.

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

See Also

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

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