Todays Report: Today, 132 Shares of Amazon.com Inc. (AMZN) are sold by Bremer Trust National Association

Today, 132 Shares of Amazon.com Inc. (AMZN) are sold by Bremer Trust National Association

Bremer Trust National Association lowered its stake in shares of Amazon.com Inc. (NASDAQ:AMZN) by 4.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,791 shares of the e-commerce giant’s stock after selling 132 shares during the period. Bremer Trust National Association’s holdings in Amazon.com were worth $2,337,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Pathstone Family Office LLC raised its position in shares of Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock valued at $105,000 after buying an additional 70 shares in the last quarter. Kistler Tiffany Companies LLC raised its position in shares of Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock valued at $108,000 after buying an additional 136 shares in the last quarter. Kings Point Capital Management purchased a new position in shares of Amazon.com during the second quarter valued at about $109,000. Krilogy Financial LLC raised its position in shares of Amazon.com by 157.1% in the second quarter. Krilogy Financial LLC now owns 198 shares of the e-commerce giant’s stock valued at $142,000 after buying an additional 121 shares in the last quarter. Finally, West Oak Capital LLC raised its position in shares of Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock valued at $155,000 after buying an additional 111 shares in the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

Amazon.com Inc. (NASDAQ:AMZN) traded up 0.03% during mid-day trading on Friday, hitting $780.37. 1,837,068 shares of the stock traded hands. The company’s 50 day moving average price is $791.62 and its 200-day moving average price is $760.15. Amazon.com Inc. has a 1-year low of $474.00 and a 1-year high of $847.21. The stock has a market cap of $370.81 billion, a price-to-earnings ratio of 178.78 and a beta of 1.51.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by $0.28. The firm had revenue of $32.71 billion for the quarter, compared to the consensus estimate of $32.69 billion. Amazon.com had a net margin of 1.64% and a return on equity of 13.47%. The firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 earnings per share. Analysts predict that Amazon.com Inc. will post $4.77 earnings per share for the current year.

Several equities analysts recently issued reports on AMZN shares. Mizuho boosted their price target on Amazon.com from $810.00 to $855.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Piper Jaffray Cos. boosted their price target on Amazon.com from $800.00 to $900.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. Jefferies Group boosted their price target on Amazon.com from $865.00 to $950.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Goldman Sachs Group Inc. lifted their price objective on Amazon.com from $900.00 to $920.00 and gave the company a “conviction-buy” rating in a report on Friday, July 29th. Finally, lifted their price objective on Amazon.com from $770.00 to $890.00 and gave the company an “outperform” rating in a report on Friday, July 29th. Six equities research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $912.64.

In other Amazon.com news, CEO Andrew R. Jassy sold 14,000 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the completion of the sale, the chief executive officer now directly owns 68,141 shares in the company, valued at approximately $54,512,800. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 17.70% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).

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