Gruss & Co. Inc. held its stake in shares of Amazon.com Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,000 shares of the e-commerce giant’s stock at the end of the second quarter. Amazon.com accounts for 8.6% of Gruss & Co. Inc.’s portfolio, making the stock its largest position. Gruss & Co. Inc.’s holdings in Amazon.com were worth $7,156,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Hartwell J M Limited Partnership raised its position in shares of Amazon.com by 1.2% in the second quarter. Hartwell J M Limited Partnership now owns 2,070 shares of the e-commerce giant’s stock worth $1,481,000 after buying an additional 25 shares during the period. SSI Investment Management Inc. raised its position in shares of Amazon.com by 2.1% in the second quarter. SSI Investment Management Inc. now owns 944 shares of the e-commerce giant’s stock worth $676,000 after buying an additional 19 shares during the period. Nippon Life Global Investors Americas Inc. raised its position in shares of Amazon.com by 0.6% in the second quarter. Nippon Life Global Investors Americas Inc. now owns 34,480 shares of the e-commerce giant’s stock worth $24,673,000 after buying an additional 200 shares during the period. DSAM Partners London Ltd bought a new position in shares of Amazon.com during the second quarter worth about $15,875,000. Finally, Victory Capital Management Inc. raised its position in shares of Amazon.com by 2.6% in the second quarter. Victory Capital Management Inc. now owns 61,893 shares of the e-commerce giant’s stock worth $44,293,000 after buying an additional 1,569 shares during the period. Institutional investors and hedge funds own 65.44% of the company’s stock.

Shares of Amazon.com Inc. (NASDAQ:AMZN) traded up 0.32% on Wednesday, reaching $782.75. The company’s stock had a trading volume of 935,749 shares. The company has a market cap of $371.08 billion, a price-to-earnings ratio of 194.67 and a beta of 1.11. Amazon.com Inc. has a 52-week low of $474.00 and a 52-week high of $790.79. The stock has a 50-day moving average of $768.04 and a 200 day moving average of $696.03.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.67. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The business earned $30.40 billion during the quarter, compared to analysts’ expectations of $29.54 billion. During the same quarter last year, the business posted $0.19 EPS. The business’s revenue was up 31.1% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com Inc. will post $5.76 earnings per share for the current year.

AMZN has been the topic of several analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Amazon.com in a report on Monday, June 27th. Oppenheimer Holdings Inc. boosted their price target on shares of Amazon.com from $780.00 to $930.00 and gave the company a “buy” rating in a report on Tuesday, June 7th. Piper Jaffray Cos. reissued a “buy” rating and issued a $800.00 price target on shares of Amazon.com in a report on Sunday, July 31st. Raymond James Financial Inc. reissued a “buy” rating and issued a $770.00 price target on shares of Amazon.com in a report on Wednesday, June 8th. Finally, Pacific Crest reissued a “buy” rating and issued a $820.00 price target on shares of Amazon.com in a report on Friday, July 15th. Seven investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and an average price target of $864.64.

In other news, CEO Andrew R. Jassy sold 2,305 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $769.75, for a total value of $1,774,273.75. Following the completion of the transaction, the chief executive officer now owns 84,446 shares in the company, valued at approximately $65,002,308.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $756.74, for a total value of $756,740,000.00. Following the completion of the transaction, the chief executive officer now owns 81,871,067 shares of the company’s stock, valued at approximately $61,955,111,241.58. The disclosure for this sale can be found here. 17.70% of the stock is owned by company insiders.

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).

5 Day Chart for NASDAQ:AMZN

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