Central Bank & Trust Co. lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 85,612 shares of the e-commerce giant’s stock after selling 2,395 shares during the quarter. Amazon.com makes up about 1.9% of Central Bank & Trust Co.’s investment portfolio, making the stock its 9th largest holding. Central Bank & Trust Co.’s holdings in Amazon.com were worth $11,160,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. Kavar Capital Partners Group LLC increased its stake in shares of Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares in the last quarter. IFM Investors Pty Ltd grew its stake in shares of Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after buying an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. increased 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 buying an additional 15 shares in the last quarter. Markel Corp boosted its holdings in Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after acquiring an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC grew its stake in shares of Amazon.com by 24.8% in the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after acquiring an additional 540 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors.
Insider Activity at Amazon.com
In other Amazon.com news, SVP David Zapolsky sold 42,816 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total transaction of $6,213,886.08. Following the completion of the transaction, the senior vice president now owns 64,380 shares in the company, valued at $9,343,469.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Amazon Com Inc sold 1,177,000 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the sale, the insider now owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 42,816 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $145.13, for a total value of $6,213,886.08. Following the completion of the sale, the senior vice president now owns 64,380 shares of the company’s stock, valued at $9,343,469.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,408,645 shares of company stock valued at $55,223,448. 12.30% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on AMZN
Amazon.com Stock Up 1.7 %
AMZN opened at $131.27 on Tuesday. The company has a market capitalization of $1.35 trillion, a PE ratio of 103.36, a price-to-earnings-growth ratio of 1.71 and a beta of 1.24. The firm has a 50-day simple moving average of $135.34 and a two-hundred day simple moving average of $121.13. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $145.86.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The company had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. Analysts forecast that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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