ClariVest Asset Management LLC raised its stake in Amazon.com Inc. (NASDAQ:AMZN) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,573 shares of the e-commerce giant’s stock after buying an additional 153 shares during the period. Amazon.com accounts for approximately 2.1% of ClariVest Asset Management LLC’s holdings, making the stock its 4th largest position. ClariVest Asset Management LLC’s holdings in Amazon.com were worth $71,972,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of AMZN. Mckinley Capital Management LLC Delaware increased its position in shares of Amazon.com by 616.7% in the first quarter. Mckinley Capital Management LLC Delaware now owns 7,110 shares of the e-commerce giant’s stock worth $4,221,000 after buying an additional 6,118 shares during the period. Algert Global LLC purchased a new position in shares of Amazon.com during the first quarter worth about $1,092,000. Ngam Advisors L.P. increased its position in shares of Amazon.com by 3.0% in the first quarter. Ngam Advisors L.P. now owns 109,880 shares of the e-commerce giant’s stock worth $65,229,000 after buying an additional 3,184 shares during the period. Cornerstone Financial Partners LLC increased its position in shares of Amazon.com by 7.7% in the first quarter. Cornerstone Financial Partners LLC now owns 2,887 shares of the e-commerce giant’s stock worth $1,713,000 after buying an additional 207 shares during the period. Finally, Gerber Kawasaki Wealth & Investment Management purchased a new position in shares of Amazon.com during the first quarter worth about $365,000. Institutional investors and hedge funds own 65.44% of the company’s stock.

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

Amazon.com Inc. (NASDAQ:AMZN) traded up 0.443% on Wednesday, reaching $834.685. The company had a trading volume of 1,807,171 shares. Amazon.com Inc. has a 1-year low of $474.00 and a 1-year high of $847.21. The stock has a market capitalization of $395.70 billion, a P/E ratio of 207.581 and a beta of 1.20. The stock’s 50 day moving average is $794.09 and its 200-day moving average is $723.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.67. The business had revenue of $30.40 billion for the quarter, compared to analyst estimates of $29.54 billion. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The company’s revenue was up 31.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 earnings per share. On average, equities analysts predict that Amazon.com Inc. will post $5.85 EPS for the current fiscal year.

A number of brokerages have recently issued reports on AMZN. Vetr upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $880.16 price target on the stock in a research report on Thursday, October 6th. Zacks Investment Research upgraded shares of Amazon.com from a “hold” rating to a “strong-buy” rating and set a $968.00 price target on the stock in a research report on Friday, October 7th. Piper Jaffray Cos. restated an “overweight” rating and issued a $900.00 price target on shares of Amazon.com in a research report on Tuesday, October 4th. Canaccord Genuity restated a “buy” rating and issued a $825.00 price target on shares of Amazon.com in a research report on Tuesday, October 4th. Finally, Morgan Stanley boosted their price target on shares of Amazon.com from $800.00 to $950.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 5th. Five equities research analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $891.31.

In related news, CEO Jeffrey P. Bezos sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $756.74, for a total transaction of $756,740,000.00. Following the sale, the chief executive officer now directly owns 81,871,067 shares of the company’s stock, valued at $61,955,111,241.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 14,000 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total value of $11,200,000.00. Following the sale, the chief executive officer now directly owns 68,141 shares in the company, valued at $54,512,800. The disclosure for this sale can be found here. 17.70% of the stock is owned by insiders.

About Amazon.com

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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