Mar Vista Investment Partners LLC acquired a new position in Amazon.com Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,618 shares of the e-commerce giant’s stock, valued at approximately $31,930,000. Amazon.com accounts for approximately 1.9% of Mar Vista Investment Partners LLC’s portfolio, making the stock its 20th largest position.

Other large investors have also recently modified their holdings of the company. Cornerstone Advisors Inc. boosted its stake in shares of Amazon.com by 0.4% in the second quarter. Cornerstone Advisors Inc. now owns 558 shares of the e-commerce giant’s stock worth $399,000 after buying an additional 2 shares during the last quarter. First Niagara Bank boosted its stake in shares of Amazon.com by 0.3% in the second quarter. First Niagara Bank now owns 1,330 shares of the e-commerce giant’s stock worth $952,000 after buying an additional 4 shares during the last quarter. Hartford Financial Management Inc. boosted its stake in shares of Amazon.com by 1.1% in the second quarter. Hartford Financial Management Inc. now owns 475 shares of the e-commerce giant’s stock worth $339,000 after buying an additional 5 shares during the last quarter. Trust Co. of Virginia VA boosted its stake in shares of Amazon.com by 1.1% in the second quarter. Trust Co. of Virginia VA now owns 625 shares of the e-commerce giant’s stock worth $447,000 after buying an additional 7 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its stake in shares of Amazon.com by 0.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 1,302 shares of the e-commerce giant’s stock worth $932,000 after buying an additional 7 shares during the last quarter. 65.44% of the stock is owned by institutional investors and hedge funds.

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

Shares of Amazon.com Inc. (NASDAQ:AMZN) traded down 0.525% during trading on Thursday, reaching $829.707. 2,738,027 shares of the company traded hands. The company has a market capitalization of $393.34 billion, a price-to-earnings ratio of 206.343 and a beta of 1.20. The stock’s 50 day moving average is $796.14 and its 200 day moving average is $723.94. Amazon.com Inc. has a 1-year low of $474.00 and a 1-year high of $847.21.

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

A number of analysts recently commented on AMZN shares. Vetr upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $744.13 price target on the stock in a research note on Monday, June 20th. Pacific Crest reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, June 16th. KeyCorp reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, June 17th. Maxim Group initiated coverage on shares of Amazon.com in a research note on Wednesday, June 22nd. They issued a “buy” rating and a $825.00 target price on the stock. Finally, Brean Capital initiated coverage on shares of Amazon.com in a research note on Wednesday, June 22nd. They issued a “buy” rating on the stock. Five analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and an average price target of $891.31.

In related news, CEO Jeffrey P. Bezos sold 1,000,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 81,871,067 shares in the company, valued at $61,955,111,241.58. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 14,000 shares of the business’s stock in a transaction that occurred on 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 owns 68,141 shares of the company’s stock, valued at approximately $54,512,800. The disclosure for this sale can be found here. 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’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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