Perennial Advisors LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 82.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,272 shares of the e-commerce giant’s stock after buying an additional 1,028 shares during the period. Amazon.com accounts for approximately 1.6% of Perennial Advisors LLC’s portfolio, making the stock its 28th largest position. Perennial Advisors LLC’s holdings in Amazon.com were worth $2,014,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. OLD Second National Bank of Aurora increased its position in shares of 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 worth $102,000 after buying an additional 15 shares in the last quarter. Ibex Wealth Advisors purchased a new position in shares of Amazon.com during the fourth quarter worth $113,000. Empirical Finance LLC purchased a new position in shares of Amazon.com during the fourth quarter worth $152,000. D Orazio & Associates Inc. increased its position in shares of Amazon.com by 8.0% in the fourth quarter. D Orazio & Associates Inc. now owns 215 shares of the e-commerce giant’s stock worth $161,000 after buying an additional 16 shares in the last quarter. Finally, First PREMIER Bank increased its position in shares of Amazon.com by 8.5% in the first quarter. First PREMIER Bank now owns 191 shares of the e-commerce giant’s stock worth $169,000 after buying an additional 15 shares in the last quarter. 62.17% of the stock is owned by institutional investors and hedge funds.

Amazon.com, Inc. (NASDAQ:AMZN) opened at 992.27 on Tuesday. Amazon.com, Inc. has a 52 week low of $710.10 and a 52 week high of $1,083.31. The company has a market cap of $476.67 billion, a PE ratio of 252.36 and a beta of 1.48. The stock has a 50 day moving average of $999.29 and a 200 day moving average of $918.57.

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

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A number of equities research analysts have commented on the stock. MKM Partners restated a “buy” rating and issued a $1,095.00 price target (up from $995.00) on shares of Amazon.com in a report on Monday, May 8th. Cowen and Company restated an “outperform” rating and issued a $1,050.00 price target on shares of Amazon.com in a report on Monday, April 10th. Maxim Group restated a “buy” rating and issued a $1,000.00 price target (up from $940.00) on shares of Amazon.com in a report on Thursday, April 20th. Vetr cut shares of Amazon.com from a “buy” rating to a “hold” rating and set a $948.53 price target for the company. in a report on Thursday, April 27th. Finally, Instinet restated a “buy” rating on shares of Amazon.com in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $1,058.27.

In related news, 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 value of $2,698,408.80. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at $10,106,400. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 in the company, valued at approximately $9,494,900. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,890 shares of company stock worth $12,699,003. 17.70% of the stock is owned by insiders.

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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