Reynders McVeigh Capital Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 42.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,902 shares of the e-commerce giant’s stock after buying an additional 864 shares during the period. Reynders McVeigh Capital Management LLC’s holdings in Amazon.com were worth $2,573,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new position in Amazon.com during the fourth quarter valued at approximately $2,736,365,000. Asset Management One Co. Ltd. increased its position in Amazon.com by 728.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 696,134 shares of the e-commerce giant’s stock valued at $522,899,000 after buying an additional 612,153 shares during the last quarter. Ruane Cunniff & Goldfarb Inc. purchased a new position in Amazon.com during the fourth quarter valued at approximately $335,571,000. Discovery Capital Management LLC CT increased its position in Amazon.com by 117.8% in the fourth quarter. Discovery Capital Management LLC CT now owns 478,182 shares of the e-commerce giant’s stock valued at $358,574,000 after buying an additional 258,595 shares during the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in Amazon.com by 80,761.8% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 175,470 shares of the e-commerce giant’s stock valued at $175,000 after buying an additional 175,253 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Amazon.com, Inc. (NASDAQ AMZN) traded down 0.19% during mid-day trading on Friday, hitting $985.01. 2,334,911 shares of the stock were exchanged. The company’s 50-day moving average price is $999.29 and its 200 day moving average price is $918.57. The firm has a market capitalization of $473.18 billion, a price-to-earnings ratio of 250.51 and a beta of 1.48. Amazon.com, Inc. has a 52 week low of $710.10 and a 52 week high of $1,083.31.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $1.40 by $1.00. The company had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. Amazon.com’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post $3.84 EPS for the current year.

WARNING: This article was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://www.thecerbatgem.com/2017/08/04/amazon-com-inc-nasdaqamzn-stake-boosted-by-reynders-mcveigh-capital-management-llc-updated-updated-updated.html.

Several equities research analysts have issued reports on AMZN shares. Robert W. Baird upgraded Amazon.com from an “outperform” rating to a “neutral” rating in a research report on Monday, May 15th. Royal Bank Of Canada dropped their target price on Amazon.com from $1,100.00 to $900.00 and set an “outperform” rating on the stock in a research report on Monday, May 1st. Vetr upgraded Amazon.com from a “buy” rating to a “strong-buy” rating and set a $1,095.08 target price on the stock in a research report on Monday, July 3rd. Citigroup Inc. restated a “buy” rating and set a $1,200.00 target price (down previously from $1,220.00) on shares of Amazon.com in a research report on Sunday, July 30th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Amazon.com in a research report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $1,058.27.

In other news, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $949.49, for a total value of $1,898,980.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,494,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,670 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $1,010.64, for a total transaction of $2,698,408.80. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $10,106,400. The disclosure for this sale can be found here. Insiders sold a total of 12,915 shares of company stock worth $12,698,264 over the last 90 days. 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 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)

Receive News & Stock Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related stocks with our FREE daily email newsletter.