Wellington Shields Capital Management LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,844 shares of the e-commerce giant’s stock after buying an additional 434 shares during the period. Amazon.com comprises approximately 1.0% of Wellington Shields Capital Management LLC’s portfolio, making the stock its 12th largest position. Wellington Shields Capital Management LLC’s holdings in Amazon.com were worth $6,067,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. OLD Second National Bank of Aurora raised its position in Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock valued at $102,000 after buying an additional 15 shares in the last quarter. Arcadia Investment Management Corp MI raised its position in Amazon.com by 43.7% in the first quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock valued at $152,000 after buying an additional 52 shares in the last quarter. First PREMIER Bank raised its position in Amazon.com by 8.5% in the first quarter. First PREMIER Bank now owns 191 shares of the e-commerce giant’s stock valued at $169,000 after buying an additional 15 shares in the last quarter. Feltz Wealth PLAN Inc. bought a new position in Amazon.com during the first quarter valued at about $180,000. Finally, Tompkins Financial Corp raised its position in Amazon.com by 94.4% in the first quarter. Tompkins Financial Corp now owns 315 shares of the e-commerce giant’s stock valued at $187,000 after buying an additional 153 shares in the last quarter. 60.79% of the stock is owned by hedge funds and other institutional investors.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded up 0.94% on Wednesday, hitting $963.01. The stock had a trading volume of 1,046,150 shares. The firm has a market cap of $462.61 billion, a PE ratio of 244.92 and a beta of 1.48. Amazon.com, Inc. has a 52-week low of $710.10 and a 52-week high of $1,083.31. The firm’s 50-day moving average price is $993.73 and its 200 day moving average price is $935.81.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $1.40 by $1.00. Amazon.com had a net margin of 0.52% and a return on equity of 3.52%. The company had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. During the same quarter in the previous year, the firm earned $1.78 earnings per share. The business’s revenue was up 24.8% on a year-over-year basis. On average, equities research analysts predict that Amazon.com, Inc. will post $3.82 EPS for the current year.

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A number of equities analysts have weighed in on AMZN shares. MKM Partners reissued a “buy” rating and issued a $1,095.00 target price (up previously from $995.00) on shares of Amazon.com in a research report on Monday, May 8th. Instinet reissued a “buy” rating on shares of Amazon.com in a research report on Friday, June 2nd. BidaskClub lowered Amazon.com from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. SunTrust Banks, Inc. started coverage on Amazon.com in a research report on Tuesday, August 15th. They issued a “buy” rating and a $1,220.00 target price for the company. Finally, JMP Securities reissued an “outperform” rating and issued a $1,125.00 target price on shares of Amazon.com in a research report on Friday, August 25th. 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 given a strong buy rating to the company’s stock. The stock currently 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 Amazon.com stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total value of $2,674,560.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $9,552,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $1,011.06, for a total value of $2,022,120.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $10,110,600. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,463 shares of company stock valued at $14,294,906. 17.70% of the stock is currently owned by insiders.

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.

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

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