Dorsey & Whitney Trust CO LLC Has $925,000 Position in Amazon.com, Inc. (AMZN)

Dorsey & Whitney Trust CO LLC Has $925,000 Position in Amazon.com, Inc. (AMZN)

Dorsey & Whitney Trust CO LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.6% during the third quarter, Holdings Channel reports. The fund owned 1,105 shares of the e-commerce giant’s stock after buying an additional 68 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Amazon.com were worth $925,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Reilly Financial Advisors LLC increased its stake in Amazon.com by 0.4% in the third quarter. Reilly Financial Advisors LLC now owns 278 shares of the e-commerce giant’s stock worth $233,000 after buying an additional 1 shares in the last quarter. Cornerstone Advisors Inc. increased its stake in Amazon.com by 0.4% in the second quarter. Cornerstone Advisors Inc. now owns 558 shares of the e-commerce giant’s stock worth $399,000 after buying an additional 2 shares in the last quarter. Cape Cod Five Cents Savings Bank increased its stake in Amazon.com by 0.6% in the third quarter. Cape Cod Five Cents Savings Bank now owns 678 shares of the e-commerce giant’s stock worth $568,000 after buying an additional 4 shares in the last quarter. BerganKDV Wealth Management LLC increased its stake in Amazon.com by 0.7% in the third quarter. BerganKDV Wealth Management LLC now owns 601 shares of the e-commerce giant’s stock worth $503,000 after buying an additional 4 shares in the last quarter. Finally, Grimes & Company Inc. increased its stake in Amazon.com by 1.0% in the third quarter. Grimes & Company Inc. now owns 593 shares of the e-commerce giant’s stock worth $497,000 after buying an additional 6 shares in the last quarter. 65.37% of the stock is owned by hedge funds and other institutional investors.

Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.40% during trading on Friday, hitting $835.77. 2,998,700 shares of the stock traded hands. The firm’s 50-day moving average is $787.28 and its 200-day moving average is $780.08. The stock has a market cap of $397.13 billion, a P/E ratio of 191.47 and a beta of 1.42. Amazon.com, Inc. has a 12 month low of $474.00 and a 12 month high of $847.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.28. The company earned $32.71 billion during the quarter, compared to analysts’ expectations of $32.69 billion. Amazon.com had a net margin of 1.64% and a return on equity of 13.47%. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 earnings per share. On average, analysts forecast that Amazon.com, Inc. will post $4.77 EPS for the current year.

AMZN has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $900.00 price objective on shares of Amazon.com in a report on Tuesday, October 4th. Canaccord Genuity reaffirmed a “buy” rating and set a $825.00 price objective on shares of Amazon.com in a report on Tuesday, October 4th. Morgan Stanley lifted their price objective on shares of Amazon.com from $800.00 to $950.00 and gave the stock an “overweight” rating in a report on Wednesday, October 5th. Finally, SunTrust Banks, Inc. lifted their price objective on shares of Amazon.com from $800.00 to $850.00 and gave the stock a “neutral” rating in a report on Wednesday, October 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $931.27.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 4,890 shares of the stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $767.15, for a total value of $3,751,363.50. Following the transaction, the chief executive officer now directly owns 58,139 shares in the company, valued at $44,601,333.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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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