MidWestOne Financial Group Inc. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 29.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,605 shares of the e-commerce giant’s stock after purchasing an additional 5,382 shares during the period. Amazon.com comprises about 0.7% of MidWestOne Financial Group Inc.’s holdings, making the stock its 19th largest holding. MidWestOne Financial Group Inc.’s holdings in Amazon.com were worth $2,667,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Second Half Financial Partners LLC lifted its stake in Amazon.com by 1,876.4% during the third quarter. Second Half Financial Partners LLC now owns 2,431 shares of the e-commerce giant’s stock worth $275,000 after purchasing an additional 2,308 shares during the last quarter. United Services Automobile Association lifted its stake in Amazon.com by 4.5% during the third quarter. United Services Automobile Association now owns 340,458 shares of the e-commerce giant’s stock worth $38,472,000 after purchasing an additional 14,508 shares during the last quarter. Verus Capital Partners LLC lifted its stake in Amazon.com by 270.5% during the third quarter. Verus Capital Partners LLC now owns 304,119 shares of the e-commerce giant’s stock worth $34,365,000 after purchasing an additional 222,034 shares during the last quarter. Verity Asset Management Inc. bought a new stake in Amazon.com during the third quarter worth about $836,000. Finally, Greenwood Gearhart Inc. lifted its stake in shares of Amazon.com by 6.2% in the 3rd quarter. Greenwood Gearhart Inc. now owns 82,873 shares of the e-commerce giant’s stock valued at $9,365,000 after acquiring an additional 4,804 shares during the last quarter. Institutional investors own 57.64% of the company’s stock.
Insider Activity
In other news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the transaction, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,298 shares in the company, valued at $52,555,952.40. The disclosure for this sale can be found here. Insiders have sold 71,394 shares of company stock valued at $6,994,626 in the last ninety days. 12.70% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Amazon.com Stock Performance
AMZN stock opened at $94.88 on Wednesday. The stock has a market capitalization of $972.26 billion, a PE ratio of -351.41, a price-to-earnings-growth ratio of 3.74 and a beta of 1.25. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The stock’s 50 day simple moving average is $96.20 and its 200 day simple moving average is $101.99.
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). The business had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $1.39 earnings per share. As a group, research analysts forecast that Amazon.com, Inc. will post 1.34 earnings per share for the current fiscal year.
About Amazon.com
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
Read More
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