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Date and Time: Saturday, June 8, 2019 11:46:00 PM CDT

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1. Amazon.com, Inc. (AMZN) Shares Bought by Beacon Investment Advisory Services Inc.

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Amazon.com, Inc. (AMZN) Shares Bought by Beacon Investment Advisory Services Inc.

American Banking and Market News

June 7, 2019 Friday

Copyright 2019 American Banking and Market News All Rights Reserved

Length: 893 words

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Amazon.com logo Beacon Investment Advisory Services Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 18.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,304 shares of the e-commerce giant's stock after acquiring an additional 200 shares during the period. Beacon Investment Advisory Services Inc.'s holdings in Amazon.com were worth $1,959,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Signet Investment Advisory Group Inc. bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $33,000. Spence Asset Management boosted its stake in shares of Amazon.com by 127.3% during the fourth quarter. Spence Asset Management now owns 25 shares of the e-commerce giant's stock valued at $38,000 after purchasing an additional 14 shares in the last quarter. Financial Advantage Inc. bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $45,000. Contravisory Investment Management Inc. boosted its stake in shares of Amazon.com by 112.5% during the fourth quarter. Contravisory Investment Management Inc. now owns 34 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 18 shares in the last quarter. Finally, O Brien Wealth Partners LLC boosted its stake in shares of Amazon.com by 104.8% during the fourth quarter. O Brien Wealth Partners LLC now owns 43 shares of the e- commerce giant's stock valued at $72,000 after purchasing an additional 22 shares in the last quarter. Institutional investors and hedge funds own 55.49% of the company's stock.

Amazon.com stock opened at $1,754.36 on Friday. The company has a market capitalization of $863.73 billion, a PE ratio of 87.11, a P/E/G ratio of 1.97 and a beta of 1.62. Amazon.com, Inc. has a 1 year low of $1,307.00 and a 1 year high of $2,050.50. The company has a current ratio of 1.09, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, April 25th. The e- commerce giant reported $7.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.61 by $2.48. The business had revenue of $59.70 billion for the quarter, compared to the consensus estimate of $59.73 billion. Amazon.com had a net margin of 4.97% and a return on equity of 28.91%. The business's revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.27 EPS. On average, research analysts forecast that Amazon.com, Inc. will post 26.55 EPS for the current year.

A number of research firms have recently issued reports on AMZN. Loop Capital reiterated a "buy" rating and set a $2,380.00 price objective (up from $2,200.00) on shares of Amazon.com in a research note on Monday. BidaskClub upgraded shares of Amazon.com from a "hold" rating to a "buy" rating in a research note on Thursday, May 30th. Pivotal Research began coverage on shares of Amazon.com in a research note on Wednesday, May 29th. They set a "buy" rating on the stock. Cowen reiterated an "outperform" rating and set a $2,500.00 price objective (up from $2,400.00) on shares of Amazon.com in a research note on Tuesday, May 28th. Finally, Zacks Investment Research cut shares of Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, April 29th. Four equities research analysts have rated the stock with a hold rating and forty-four have

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Amazon.com, Inc. (AMZN) Shares Bought by Beacon Investment Advisory Services Inc.

assigned a buy rating to the company's stock. Amazon.com presently has an average rating of "Buy" and a consensus price target of $2,196.39.

In related news, CEO Jeffrey A. Wilke sold 2,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $1,934.42, for a total value of $4,836,050.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $19,344,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . Also, VP Shelley Reynolds sold 379 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $1,838.32, for a total transaction of $696,723.28. Following the completion of the transaction, the vice president now owns 6,307 shares of the company's stock, valued at approximately $11,594,284.24. The disclosure for this sale can be found here . Insiders sold a total of 12,932 shares of company stock worth $24,196,737 over the last three months. Insiders own 16.10% of the company's stock.

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.

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

Classification

Language: ENGLISH

Publication-Type: Newsletter

Subject: SECURITIES LAW (90%); INVESTMENT ADVISERS (90%); HOLDING COMPANIES (89%); INVESTMENT MANAGEMENT (89%); ELECTRONIC COMMERCE (88%); STOCK EXCHANGES (74%); MARKET CAPITALIZATION (73%); HEDGE FUNDS (66%)

Company: AMAZON.COM INC (96%); ADVANTAGE INC (69%)

Organization: SECURITIES & EXCHANGE COMMISSION (84%)

Ticker: AMZN (NASDAQ) (96%)

Industry: SECURITIES LAW (90%); INVESTMENT ADVISERS (90%); INVESTMENT MANAGEMENT (89%); ELECTRONIC COMMERCE (88%); STOCK EXCHANGES (74%); HEDGE FUNDS (66%)

Load-Date: June 7, 2019

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Amazon.com, Inc. (AMZN) Shares Bought by Beacon Investment Advisory Services Inc.

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