Benin Management CORP grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,430 shares of the e-commerce giant’s stock after purchasing an additional 70 shares during the quarter. Benin Management CORP’s holdings in Amazon.com were worth $1,384,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Appropriate Balance Financial Services Inc. purchased a new position in shares of Amazon.com during the 2nd quarter valued at approximately $1,422,000. Axel Capital Management LLC purchased a new position in shares of Amazon.com during the 2nd quarter valued at approximately $9,680,000. OLD Second National Bank of Aurora increased its holdings in shares of Amazon.com by 69.6% during the 2nd quarter. OLD Second National Bank of Aurora now owns 195 shares of the e-commerce giant’s stock valued at $189,000 after purchasing an additional 80 shares in the last quarter. Chase Investment Counsel Corp increased its holdings in shares of Amazon.com by 20.8% during the 2nd quarter. Chase Investment Counsel Corp now owns 7,373 shares of the e-commerce giant’s stock valued at $7,137,000 after purchasing an additional 1,272 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC increased its holdings in shares of Amazon.com by 0.4% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 272 shares of the e-commerce giant’s stock valued at $263,000 after purchasing an additional 1 shares in the last quarter. 60.80% of the stock is owned by hedge funds and other institutional investors.

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Shares of Amazon.com, Inc. (AMZN) traded up 1.3876% on Monday, hitting $979.3032. The stock had a trading volume of 1,341,589 shares. The firm has a market cap of $470.44 billion, a P/E ratio of 249.0598 and a beta of 1.47. The company’s 50-day moving average price is $981.92 and its 200 day moving average price is $945.80. Amazon.com, Inc. has a 12-month low of $710.10 and a 12-month 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 earnings per share for the quarter, missing the 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 firm had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. During the same period in the previous year, the company earned $1.78 earnings per share. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com, Inc. will post $3.99 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on AMZN shares. Instinet cut their target price on shares of Amazon.com from $1,100.00 to $975.00 and set a “buy” rating for the company in a report on Friday, June 16th. Loop Capital reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, June 8th. Vetr lowered shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,132.46 target price for the company. in a report on Tuesday, July 18th. KeyCorp reaffirmed a “hold” rating on shares of Amazon.com in a report on Monday, August 28th. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-six have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $1,092.58.

In other news, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,552,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 710 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $987.39, for a total value of $701,046.90. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,873,900. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,793 shares of company stock worth $9,574,377. Insiders own 17.70% of the company’s stock.

Amazon.com 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.

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

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