Horizon Investment Services LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 255 shares of the e-commerce giant’s stock, valued at approximately $226,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. OLD Second National Bank of Aurora boosted its stake in Amazon.com by 15.0% during 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. Lipe & Dalton acquired a new stake in Amazon.com during the first quarter worth $124,000. Arcadia Investment Management Corp MI boosted its stake in Amazon.com by 43.7% during the first quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock worth $152,000 after buying an additional 52 shares in the last quarter. First PREMIER Bank boosted its stake in Amazon.com by 8.5% during 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. Finally, Feltz Wealth PLAN Inc. acquired a new stake in Amazon.com during the first quarter worth $180,000. Hedge funds and other institutional investors own 60.80% of the company’s stock.

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Several equities research analysts have recently commented on AMZN shares. Royal Bank Of Canada set a $1,100.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research note on Monday. MKM Partners restated a “buy” rating and issued a $1,275.00 target price on shares of Amazon.com in a research note on Thursday, September 7th. DA Davidson started coverage on shares of Amazon.com in a research note on Wednesday, September 6th. They issued a “buy” rating and a $1,300.00 target price on the stock. Cantor Fitzgerald restated a “buy” rating and issued a $1,150.00 target price on shares of Amazon.com in a research note on Friday, September 1st. Finally, Jefferies Group LLC restated a “buy” rating and issued a $1,250.00 target price on shares of Amazon.com in a research note on Thursday, August 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, forty-six have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $1,092.58.

Shares of Amazon.com, Inc. (AMZN) traded up 0.33% during trading on Tuesday, hitting $981.22. The stock had a trading volume of 1,348,655 shares. The firm has a 50-day moving average price of $981.92 and a 200 day moving average price of $946.48. The company has a market capitalization of $471.36 billion, a PE ratio of 249.55 and a beta of 1.47. 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 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($1.00). The company had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The company’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.78 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post $3.99 earnings per share for the current year.

In related news, CEO Andrew R. Jassy sold 1,985 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total transaction of $1,957,448.20. Following the completion of the sale, the chief executive officer now directly owns 81,479 shares in the company, valued at approximately $80,348,071.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $985.25, for a total value of $699,527.50. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,852,500. The disclosure for this sale can be found here. Insiders have sold a total of 9,793 shares of company stock valued at $9,574,377 over the last 90 days. 17.70% of the stock is currently owned by company insiders.

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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