Bridges Investment Management Inc. increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,187 shares of the e-commerce giant’s stock after buying an additional 519 shares during the period. Amazon.com makes up 1.3% of Bridges Investment Management Inc.’s investment portfolio, making the stock its 16th largest position. Bridges Investment Management Inc.’s holdings in Amazon.com were worth $9,861,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of AMZN. State Street Corp raised its position in shares of Amazon.com by 1.1% in the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock valued at $14,667,392,000 after buying an additional 186,756 shares during the period. Karp Capital Management Corp bought a new position in shares of Amazon.com during the first quarter valued at approximately $157,189,000. Canada Pension Plan Investment Board raised its position in shares of Amazon.com by 401.7% in the first quarter. Canada Pension Plan Investment Board now owns 158,030 shares of the e-commerce giant’s stock valued at $140,100,000 after buying an additional 126,534 shares during the period. Clearbridge Investments LLC raised its position in shares of Amazon.com by 11.9% in the first quarter. Clearbridge Investments LLC now owns 883,531 shares of the e-commerce giant’s stock valued at $783,286,000 after buying an additional 93,757 shares during the period. Finally, Bank of Nova Scotia raised its position in shares of Amazon.com by 893.7% in the first quarter. Bank of Nova Scotia now owns 91,200 shares of the e-commerce giant’s stock valued at $80,853,000 after buying an additional 82,022 shares during the period. 60.79% of the stock is owned by hedge funds and other institutional investors.

Amazon.com, Inc. (AMZN) traded up 1.200% during mid-day trading on Thursday, reaching $979.205. 1,894,759 shares of the company’s stock were exchanged. Amazon.com, Inc. has a 52-week low of $710.10 and a 52-week high of $1,083.31. The stock has a 50-day moving average price of $993.73 and a 200 day moving average price of $935.81. The company has a market cap of $470.39 billion, a PE ratio of 249.035 and a beta of 1.48.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. During the same period last year, the company earned $1.78 EPS. The company’s revenue was up 24.8% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post $3.82 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Amazon.com, Inc. (AMZN) Shares Bought by Bridges Investment Management Inc.” was posted by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/amazon-com-inc-amzn-shares-bought-by-bridges-investment-management-inc/1534534.html.

AMZN has been the subject of several research analyst reports. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, July 28th. Robert W. Baird raised shares of Amazon.com from an “outperform” rating to a “neutral” rating in a research report on Monday, May 15th. Vetr raised shares of Amazon.com from a “buy” rating to a “strong-buy” rating and set a $1,095.08 price target for the company in a research report on Monday, July 3rd. Citigroup Inc. reaffirmed a “buy” rating and set a $1,200.00 price target (down previously from $1,220.00) on shares of Amazon.com in a research report on Sunday, July 30th. Finally, BidaskClub lowered shares of Amazon.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the stock. Amazon.com presently has an average rating of “Buy” and a consensus price target of $1,080.08.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,552,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total value of $536,666.88. Following the transaction, the vice president now directly owns 6,533 shares of the company’s stock, valued at approximately $6,444,935.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,463 shares of company stock valued at $14,294,906. Insiders own 17.70% of the company’s stock.

About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).

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

Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.