Holderness Investments Co. acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,133 shares of the e-commerce giant’s stock, valued at approximately $4,551,000. Amazon.com comprises 2.3% of Holderness Investments Co.’s investment portfolio, making the stock its 2nd largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. 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 during the period. Arcadia Investment Management Corp MI raised its position in Amazon.com by 43.7% in the first quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock valued at $152,000 after buying an additional 52 shares during the period. 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 in the last quarter. Feltz Wealth PLAN Inc. bought a new stake in Amazon.com during the first quarter valued at $180,000. Finally, Tompkins Financial Corp increased its stake in Amazon.com by 94.4% in the first quarter. Tompkins Financial Corp now owns 315 shares of the e-commerce giant’s stock valued at $187,000 after buying an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 60.79% of the company’s stock.

Amazon.com, Inc. (AMZN) traded down 0.24% on Friday, hitting $978.25. 2,535,917 shares of the stock were exchanged. 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 $469.93 billion, a PE ratio of 248.79 and a beta of 1.48. The company’s 50-day moving average is $989.56 and its 200-day moving average is $940.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by $1.00. The business had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm’s revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.78 earnings per share. On average, analysts predict that Amazon.com, Inc. will post $4.01 earnings per share for the current year.

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Several analysts have weighed in on the stock. UBS AG reissued a “buy” rating and set a $1,100.00 target price on shares of Amazon.com in a research report on Wednesday, June 21st. TheStreet downgraded shares of Amazon.com from a “b-” rating to a “c+” rating in a research report on Monday, July 10th. Tigress Financial reissued a “buy” rating on shares of Amazon.com in a research report on Wednesday, August 9th. Cantor Fitzgerald reissued a “buy” rating and set a $1,150.00 target price on shares of Amazon.com in a research report on Friday. Finally, KeyCorp reissued a “hold” rating on shares of Amazon.com in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $1,088.16.

In other news, CEO Jeffrey A. Wilke sold 2,000 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $1,011.06, for a total transaction of $2,022,120.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $10,110,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total value of $536,666.88. Following the sale, the vice president now directly owns 6,533 shares of the company’s stock, valued at $6,444,935.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,463 shares of company stock valued at $14,294,906. Company 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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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

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