Huntington National Bank Has $85.63 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Huntington National Bank reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,327 shares of the e-commerce giant’s stock after selling 309 shares during the quarter. Amazon.com makes up about 1.4% of Huntington National Bank’s portfolio, making the stock its 10th biggest holding. Huntington National Bank’s holdings in Amazon.com were worth $85,627,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Thoroughbred Financial Services LLC boosted its stake in Amazon.com by 191,406.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 9,307,191 shares of the e-commerce giant’s stock valued at $930,719,000 after purchasing an additional 9,302,331 shares during the period. Nuveen Asset Management LLC raised its holdings in shares of Amazon.com by 3,787.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,590,645 shares of the e-commerce giant’s stock worth $6,799,352,000 after buying an additional 3,498,279 shares in the last quarter. Viking Global Investors LP raised its holdings in shares of Amazon.com by 157.6% during the 2nd quarter. Viking Global Investors LP now owns 802,837 shares of the e-commerce giant’s stock worth $1,520,276,000 after buying an additional 491,118 shares in the last quarter. Investec Asset Management LTD raised its holdings in shares of Amazon.com by 186.8% during the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the e-commerce giant’s stock worth $430,045,000 after buying an additional 422,352 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Amazon.com by 1.6% during the 2nd quarter. BlackRock Inc. now owns 26,082,028 shares of the e-commerce giant’s stock worth $49,389,711,000 after buying an additional 415,448 shares in the last quarter. Institutional investors own 55.60% of the company’s stock.

A number of research firms have recently commented on AMZN. Credit Suisse Group reissued an “outperform” rating and set a $2,100.00 price target (down previously from $2,400.00) on shares of Amazon.com in a report on Friday, October 25th. Bank of America reissued a “buy” rating and set a $2,250.00 price target (down previously from $2,350.00) on shares of Amazon.com in a report on Monday, October 21st. Deutsche Bank set a $2,150.00 price target on Amazon.com and gave the stock a “buy” rating in a report on Friday, October 25th. Morgan Stanley lowered their target price on Amazon.com from $2,200.00 to $2,100.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, Wedbush lowered their target price on Amazon.com from $2,350.00 to $2,000.00 and set an “outperform” rating for the company in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have assigned a buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and an average target price of $2,189.97.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

In other Amazon.com news, CFO Brian T. Olsavsky sold 1,765 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,783.00, for a total value of $3,146,995.00. Following the transaction, the chief financial officer now owns 2,480 shares in the company, valued at $4,421,840. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 880 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,776.73, for a total value of $1,563,522.40. Following the completion of the sale, the senior vice president now directly owns 3,749 shares of the company’s stock, valued at $6,660,960.77. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,747 shares of company stock worth $40,737,808. Corporate insiders own 16.10% of the company’s stock.

Shares of Amazon.com stock traded down $5.24 on Friday, hitting $1,782.96. 149,421 shares of the company’s stock traded hands, compared to its average volume of 3,108,799. Amazon.com, Inc. has a one year low of $1,307.00 and a one year high of $2,035.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.10 and a quick ratio of 0.84. The company has a fifty day moving average of $1,759.99 and a two-hundred day moving average of $1,840.43. The company has a market capitalization of $893.28 billion, a price-to-earnings ratio of 88.53, a price-to-earnings-growth ratio of 3.20 and a beta of 1.56.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.46 by ($0.23). The firm had revenue of $69.98 billion during the quarter, compared to the consensus estimate of $68.72 billion. Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The firm’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.75 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 20.52 earnings per share for the current year.

Amazon.com Company Profile

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 third-party sellers through physical stores and online stores.

Featured Article: What is the Gross Domestic Product (GDP)?

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Leave a Reply

Your email address will not be published. Required fields are marked *

*