Gofen & Glossberg LLC IL raised its stake in Amazon.com Inc. (NASDAQ:AMZN) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,605 shares of the e-commerce giant’s stock after buying an additional 63 shares during the period. Gofen & Glossberg LLC IL’s holdings in Amazon.com were worth $4,693,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Amazon.com by 4.8% in the second quarter. Vanguard Group Inc. now owns 23,795,875 shares of the e-commerce giant’s stock valued at $17,028,804,000 after buying an additional 1,082,051 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Amazon.com by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 10,080,377 shares of the e-commerce giant’s stock valued at $7,213,719,000 after buying an additional 111,791 shares during the last quarter. BlackRock Fund Advisors increased its position in Amazon.com by 1.8% in the second quarter. BlackRock Fund Advisors now owns 4,694,139 shares of the e-commerce giant’s stock valued at $3,359,220,000 after buying an additional 82,894 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in Amazon.com by 8.9% in the second quarter. TIAA CREF Investment Management LLC now owns 2,975,858 shares of the e-commerce giant’s stock valued at $2,129,584,000 after buying an additional 243,132 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Amazon.com by 1.2% in the second quarter. Ameriprise Financial Inc. now owns 2,840,444 shares of the e-commerce giant’s stock valued at $2,032,673,000 after buying an additional 34,555 shares during the last quarter. Hedge funds and other institutional investors own 64.77% of the company’s stock.

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

Amazon.com Inc. (NASDAQ:AMZN) traded down 0.55% during midday trading on Tuesday, reaching $762.52. 3,267,204 shares of the company traded hands. Amazon.com Inc. has a 12 month low of $474.00 and a 12 month high of $847.21. The stock has a market capitalization of $362.32 billion, a price-to-earnings ratio of 174.69 and a beta of 1.51. The firm has a 50 day moving average of $789.54 and a 200-day moving average of $761.26.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.28. Amazon.com had a net margin of 1.64% and a return on equity of 13.47%. The firm had revenue of $32.71 billion for the quarter, compared to analyst estimates of $32.69 billion. During the same quarter in the prior year, the firm earned $0.17 EPS. The firm’s revenue was up 29.0% compared to the same quarter last year. Analysts forecast that Amazon.com Inc. will post $4.78 EPS for the current fiscal year.

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AMZN has been the topic of several recent research reports. Wedbush set a $900.00 target price on Amazon.com and gave the company a “buy” rating in a research report on Sunday, October 30th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $900.00 target price on shares of Amazon.com in a research report on Tuesday. SunTrust Banks Inc. reaffirmed a “hold” rating on shares of Amazon.com in a research report on Tuesday. Argus reaffirmed a “hold” rating on shares of Amazon.com in a research report on Monday, August 1st. Finally, Vetr raised Amazon.com from a “hold” rating to a “buy” rating and set a $800.28 target price on the stock in a research report on Tuesday, August 2nd. Six analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $911.75.

In other news, CEO Andrew R. Jassy sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the sale, the chief executive officer now owns 68,141 shares in the company, valued at $54,512,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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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