Comerica Bank trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 20.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 89,154 shares of the e-commerce giant’s stock after selling 22,236 shares during the quarter. Amazon.com comprises 1.3% of Comerica Bank’s portfolio, making the stock its 5th largest position. Comerica Bank’s holdings in Amazon.com were worth $157,686,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the company. Marcus Capital LLC grew its holdings in Amazon.com by 2.4% in the 2nd quarter. Marcus Capital LLC now owns 1,171 shares of the e-commerce giant’s stock worth $1,990,000 after buying an additional 27 shares in the last quarter. Winthrop Advisory Group LLC boosted its stake in Amazon.com by 3.8% during the 2nd quarter. Winthrop Advisory Group LLC now owns 744 shares of the e-commerce giant’s stock valued at $1,265,000 after purchasing an additional 27 shares in the last quarter. AMI Investment Management Inc. boosted its stake in Amazon.com by 17.6% during the 2nd quarter. AMI Investment Management Inc. now owns 180 shares of the e-commerce giant’s stock valued at $306,000 after purchasing an additional 27 shares in the last quarter. Park National Corp OH boosted its stake in Amazon.com by 2.8% during the 3rd quarter. Park National Corp OH now owns 1,042 shares of the e-commerce giant’s stock valued at $2,088,000 after purchasing an additional 28 shares in the last quarter. Finally, Beacon Financial Group boosted its stake in Amazon.com by 6.1% during the 3rd quarter. Beacon Financial Group now owns 490 shares of the e-commerce giant’s stock valued at $981,000 after purchasing an additional 28 shares in the last quarter. Institutional investors and hedge funds own 77.71% of the company’s stock.
A number of brokerages have issued reports on AMZN. BidaskClub lowered Amazon.com from a “hold” rating to a “sell” rating in a research note on Saturday, February 9th. Zacks Investment Research lowered Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, January 21st. Wedbush reaffirmed an “outperform” rating and set a $2,100.00 price target (up from $2,000.00) on shares of Amazon.com in a research note on Friday, February 1st. They noted that the move was a valuation call. Royal Bank of Canada reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, February 1st. Finally, Raymond James reaffirmed an “outperform” rating and set a $1,960.00 price target (down from $2,000.00) on shares of Amazon.com in a research note on Friday, February 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and forty-four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $2,107.33.
In other news, CEO Jeffrey A. Wilke sold 1,230 shares of the stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $1,506.94, for a total value of $1,853,536.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 16.30% of the stock is owned by corporate insiders.
AMZN opened at $1,640.00 on Thursday. The firm has a market capitalization of $781.50 billion, a PE ratio of 81.43, a price-to-earnings-growth ratio of 2.23 and a beta of 1.62. Amazon.com, Inc. has a 12-month low of $1,307.00 and a 12-month high of $2,050.50. The company has a quick ratio of 0.85, a current ratio of 1.10 and a debt-to-equity ratio of 0.54.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.55 by $0.49. The company had revenue of $72.38 billion during the quarter, compared to analyst estimates of $71.73 billion. Amazon.com had a return on equity of 27.02% and a net margin of 4.33%. During the same quarter in the prior year, the company earned $2.16 earnings per share. Sell-side analysts anticipate that Amazon.com, Inc. will post 26.47 EPS for the current fiscal year.
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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) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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