Northeast Investment Management increased its position in Amazon.com Inc. (NASDAQ:AMZN) by 7.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,146 shares of the e-commerce giant’s stock after buying an additional 2,227 shares during the period. Amazon.com comprises approximately 2.8% of Northeast Investment Management’s investment portfolio, making the stock its 5th largest position. Northeast Investment Management’s holdings in Amazon.com were worth $27,753,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Berkeley Capital Partners LLC increased its position in Amazon.com by 5.2% in the third quarter. Berkeley Capital Partners LLC now owns 381 shares of the e-commerce giant’s stock worth $230,000 after buying an additional 19 shares during the last quarter. Nordea Investment Management AB increased its position in Amazon.com by 7.8% in the third quarter. Nordea Investment Management AB now owns 150,221 shares of the e-commerce giant’s stock worth $125,782,000 after buying an additional 10,811 shares during the last quarter. Wellington Shields Capital Management LLC increased its position in Amazon.com by 11.8% in the third quarter. Wellington Shields Capital Management LLC now owns 5,947 shares of the e-commerce giant’s stock worth $4,979,000 after buying an additional 630 shares during the last quarter. Weatherly Asset Management L. P. increased its position in Amazon.com by 6.4% in the third quarter. Weatherly Asset Management L. P. now owns 13,376 shares of the e-commerce giant’s stock worth $11,200,000 after buying an additional 800 shares during the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. increased its position in Amazon.com by 1.1% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 638,814 shares of the e-commerce giant’s stock worth $534,885,000 after buying an additional 7,184 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 0.65% during mid-day trading on Wednesday, reaching $757.60. The company’s stock had a trading volume of 1,133,988 shares. Amazon.com Inc. has a 52 week low of $474.00 and a 52 week high of $847.21. The firm’s 50 day moving average price is $789.54 and its 200 day moving average price is $761.26. The firm has a market capitalization of $359.99 billion, a P/E ratio of 173.56 and a beta of 1.51.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 27th. The e-commerce giant reported $0.52 EPS for the quarter, missing the 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 business earned $32.71 billion during the quarter, compared to analyst estimates of $32.69 billion. During the same quarter in the prior year, the business earned $0.17 earnings per share. The firm’s revenue was up 29.0% compared to the same quarter last year. On average, analysts anticipate 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 analyst reports. Wedbush set a $900.00 price target on shares of Amazon.com and gave the company a “buy” rating in a report on Sunday, October 30th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $900.00 price target on shares of Amazon.com in a report on Tuesday. Vetr raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $800.28 price target on the stock in a report on Tuesday, August 2nd. SunTrust Banks Inc. reaffirmed a “hold” rating on shares of Amazon.com in a report on Tuesday. Finally, Nomura reaffirmed a “buy” rating and set a $950.00 price target on shares of Amazon.com in a report on Monday, October 24th. Six research 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 company. The company has a consensus rating of “Buy” and a consensus price target of $911.75.

In related news, CEO Andrew R. Jassy sold 14,000 shares of the firm’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 directly owns 68,141 shares in the company, valued at approximately $54,512,800. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 17.70% of the stock is owned by corporate 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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