Keel Point LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.1% during the first quarter, Holdings Channel reports. The fund owned 454 shares of the e-commerce giant’s stock after buying an additional 34 shares during the period. Keel Point LLC’s holdings in Amazon.com were worth $402,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in AMZN. Congress Asset Management Co. MA bought a new position in Amazon.com during the fourth quarter worth $5,164,000. Horizon Kinetics LLC raised its position in Amazon.com by 5.8% in the fourth quarter. Horizon Kinetics LLC now owns 549 shares of the e-commerce giant’s stock worth $412,000 after buying an additional 30 shares during the last quarter. Capital International Inc. CA raised its position in Amazon.com by 31.9% in the fourth quarter. Capital International Inc. CA now owns 9,565 shares of the e-commerce giant’s stock worth $7,173,000 after buying an additional 2,315 shares during the last quarter. Capital International Ltd. CA raised its position in Amazon.com by 14.0% in the fourth quarter. Capital International Ltd. CA now owns 27,640 shares of the e-commerce giant’s stock worth $20,726,000 after buying an additional 3,390 shares during the last quarter. Finally, Menora Mivtachim Holdings LTD. raised its position in Amazon.com by 103.3% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 33,550 shares of the e-commerce giant’s stock worth $25,158,000 after buying an additional 17,050 shares during the last quarter. Institutional investors and hedge funds own 62.17% of the company’s stock.

Shares of Amazon.com, Inc. (AMZN) traded up 1.16% on Friday, reaching $967.99. 3,468,017 shares of the company’s stock were exchanged. The company has a market capitalization of $465.00 billion, a P/E ratio of 246.18 and a beta of 1.48. Amazon.com, Inc. has a 1-year low of $710.10 and a 1-year high of $1,083.31. The stock’s 50-day moving average price is $998.12 and its 200-day moving average price is $926.08.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS 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 business had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. During the same quarter in the previous year, the firm earned $1.78 earnings per share. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post $3.83 EPS for the current fiscal year.

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AMZN has been the subject of a number of recent research reports. Credit Suisse Group reiterated an “outperform” rating and set a $1,050.00 price objective (up previously from $900.00) on shares of Amazon.com in a research note on Monday, April 17th. Royal Bank Of Canada reiterated an “outperform” rating and set a $900.00 price objective on shares of Amazon.com in a research note on Monday, April 17th. Cantor Fitzgerald reiterated an “overweight” rating and set a $970.00 price objective on shares of Amazon.com in a research note on Monday, April 17th. Barclays PLC reiterated an “overweight” rating and set a $1,120.00 price objective on shares of Amazon.com in a research note on Tuesday, April 18th. Finally, Macquarie reiterated a “buy” rating and set a $995.00 price objective on shares of Amazon.com in a research note on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-three have given a buy rating and two have given a strong buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and an average target price of $1,065.61.

In related news, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s 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 sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $10,110,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $987.39, for a total transaction of $701,046.90. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at $9,873,900. The disclosure for this sale can be found here. Insiders sold a total of 10,890 shares of company stock worth $10,800,023 over the last quarter. Insiders own 17.70% of the company’s stock.

Amazon.com Company Profile

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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

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

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