Elgethun Capital Management increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 511 shares of the e-commerce giant’s stock after purchasing an additional 32 shares during the period. Elgethun Capital Management’s holdings in Amazon.com were worth $866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Marcus Capital LLC lifted its holdings in Amazon.com by 2.4% in the second quarter. Marcus Capital LLC now owns 1,171 shares of the e-commerce giant’s stock valued at $1,990,000 after acquiring an additional 27 shares during the period. Winthrop Advisory Group LLC lifted its holdings in Amazon.com by 3.8% in the second quarter. Winthrop Advisory Group LLC now owns 744 shares of the e-commerce giant’s stock valued at $1,265,000 after acquiring an additional 27 shares during the period. AMI Investment Management Inc. lifted its holdings in Amazon.com by 17.6% in the second quarter. AMI Investment Management Inc. now owns 180 shares of the e-commerce giant’s stock valued at $306,000 after acquiring an additional 27 shares during the period. BKD Wealth Advisors LLC lifted its holdings in Amazon.com by 3.1% in the second quarter. BKD Wealth Advisors LLC now owns 943 shares of the e-commerce giant’s stock valued at $1,603,000 after acquiring an additional 28 shares during the period. Finally, SignalPoint Asset Management LLC lifted its holdings in Amazon.com by 2.0% in the second quarter. SignalPoint Asset Management LLC now owns 1,453 shares of the e-commerce giant’s stock valued at $2,470,000 after acquiring an additional 29 shares during the period. 55.64% of the stock is owned by hedge funds and other institutional investors.

Amazon.com stock opened at $1,699.19 on Friday. The stock has a market cap of $815.80 billion, a P/E ratio of 373.45, a P/E/G ratio of 3.17 and a beta of 1.70. Amazon.com, Inc. has a 52 week low of $1,151.00 and a 52 week high of $2,050.50. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.08 and a quick ratio of 0.80.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.29 by $2.46. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. The firm had revenue of $56.58 billion for the quarter, compared to analyst estimates of $57.05 billion. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 19.49 earnings per share for the current year.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 1,230 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $1,506.94, for a total value of $1,853,536.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 1,726 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $1,566.69, for a total value of $2,704,106.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,842 shares of company stock worth $42,513,241. 16.30% of the stock is owned by corporate insiders.

A number of research analysts have recently weighed in on AMZN shares. Royal Bank of Canada restated a “buy” rating on shares of Amazon.com in a research report on Monday, October 29th. Stifel Nicolaus restated a “buy” rating and issued a $2,525.00 price target on shares of Amazon.com in a research report on Friday, October 12th. Nomura restated a “buy” rating on shares of Amazon.com in a research report on Thursday, November 8th. SunTrust Banks raised their price target on Amazon.com to $2,250.00 and gave the company a “buy” rating in a research report on Friday, October 26th. Finally, BidaskClub cut Amazon.com from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. Three equities research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company. Amazon.com has a consensus rating of “Buy” and an average price target of $2,096.01.

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Amazon.com 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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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

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