Truepoint Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 398 shares of the e-commerce giant’s stock after buying an additional 20 shares during the period. Truepoint Inc.’s holdings in Amazon.com were worth $353,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. OLD Second National Bank of Aurora raised its position in Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock valued at $102,000 after buying an additional 15 shares in the last quarter. Ibex Wealth Advisors bought a new position in Amazon.com during the fourth quarter valued at about $113,000. Empirical Finance LLC bought a new position in Amazon.com during the fourth quarter valued at about $152,000. D Orazio & Associates Inc. increased its stake in Amazon.com by 8.0% in the fourth quarter. D Orazio & Associates Inc. now owns 215 shares of the e-commerce giant’s stock valued at $161,000 after buying an additional 16 shares during the last quarter. Finally, First PREMIER Bank increased its stake in Amazon.com by 8.5% in the first quarter. First PREMIER Bank now owns 191 shares of the e-commerce giant’s stock valued at $169,000 after buying an additional 15 shares during the last quarter. 62.47% of the stock is owned by institutional investors.

Amazon.com, Inc. (AMZN) traded up 0.12% during trading on Friday, reaching $1001.81. The company’s stock had a trading volume of 2,102,469 shares. The firm has a 50 day moving average of $983.46 and a 200 day moving average of $880.70. The stock has a market capitalization of $478.84 billion, a price-to-earnings ratio of 188.66 and a beta of 1.48. Amazon.com, Inc. has a 52 week low of $710.10 and a 52 week high of $1,017.00.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.45. The firm had revenue of $35.71 billion for the quarter, compared to analyst estimates of $35.31 billion. Amazon.com had a net margin of 1.81% and a return on equity of 13.72%. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 earnings per share. Analysts expect that Amazon.com, Inc. will post $6.68 EPS for the current year.

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Several equities research analysts recently commented on the company. UBS AG downgraded Amazon.com from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 25th. Credit Suisse Group reiterated an “outperform” rating and issued a $1,100.00 price objective on shares of Amazon.com in a report on Tuesday, July 11th. Vetr downgraded Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,105.24 price target for the company. in a research note on Monday, July 10th. Sanford C. Bernstein restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, July 11th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $1,200.00 price objective on shares of Amazon.com in a research report on Friday. One analyst has rated the stock with a sell rating, four have issued a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $1,020.27.

In related news, CEO Jeffrey P. Bezos sold 1,000,000 shares of Amazon.com stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $940.74, for a total value of $940,740,000.00. Following the completion of the sale, the chief executive officer now owns 80,857,196 shares of the company’s stock, valued at approximately $76,065,598,565.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David Zapolsky sold 505 shares of Amazon.com stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $946.59, for a total transaction of $478,027.95. Following the completion of the sale, the insider now directly owns 2,018 shares of the company’s stock, valued at approximately $1,910,218.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,014,090 shares of company stock worth $954,546,394. Corporate 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.

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

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