Klingenstein Fields & Co. LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,465 shares of the e-commerce giant’s stock after purchasing an additional 549 shares during the period. Klingenstein Fields & Co. LLC’s holdings in Amazon.com were worth $28,522,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Leavell Investment Management Inc. increased its stake in Amazon.com by 0.3% during the 2nd quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock worth $381,000 after acquiring an additional 1 shares during the period. SeaBridge Investment Advisors LLC increased its stake in Amazon.com by 0.4% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 272 shares of the e-commerce giant’s stock worth $263,000 after acquiring an additional 1 shares during the period. Probity Advisors Inc. increased its stake in Amazon.com by 0.6% during the 2nd quarter. Probity Advisors Inc. now owns 320 shares of the e-commerce giant’s stock worth $310,000 after acquiring an additional 2 shares during the period. Naples Global Advisors LLC increased its stake in Amazon.com by 0.3% during the 1st quarter. Naples Global Advisors LLC now owns 1,078 shares of the e-commerce giant’s stock worth $956,000 after acquiring an additional 3 shares during the period. Finally, Beaumont Financial Partners LLC increased its stake in Amazon.com by 0.6% during the 1st quarter. Beaumont Financial Partners LLC now owns 545 shares of the e-commerce giant’s stock worth $483,000 after acquiring an additional 3 shares during the period. Institutional investors own 60.77% of the company’s stock.

Shares of Amazon.com, Inc. (AMZN) opened at 990.99 on Tuesday. The stock has a market cap of $476.05 billion, a P/E ratio of 252.03 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. The firm’s 50 day moving average price is $967.06 and its 200 day moving average price is $964.01.

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 Thomson Reuters’ consensus estimate of $1.40 by ($1.00). The business had revenue of $37.96 billion for 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 company’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.78 EPS. On average, analysts expect that Amazon.com, Inc. will post $3.66 EPS for the current year.

WARNING: This story was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.thecerbatgem.com/2017/10/10/klingenstein-fields-co-llc-purchases-549-shares-of-amazon-com-inc-amzn.html.

A number of equities analysts have commented on the company. BidaskClub lowered Amazon.com from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. SunTrust Banks, Inc. assumed coverage on Amazon.com in a research note on Tuesday, August 15th. They set a “buy” rating and a $1,220.00 price objective on the stock. JMP Securities restated an “outperform” rating and set a $1,125.00 price objective on shares of Amazon.com in a research note on Friday, August 25th. Mizuho restated a “buy” rating and set a $1,250.00 price objective on shares of Amazon.com in a research note on Monday, August 7th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $1,400.00 price objective on shares of Amazon.com in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $1,109.80.

In other news, CEO Jeffrey A. Wilke sold 710 shares of Amazon.com stock in a transaction on Friday, August 4th. The shares were sold at an average price of $987.39, for a total transaction of $701,046.90. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,873,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total transaction of $536,666.88. Following the transaction, the vice president now owns 6,533 shares in the company, valued at approximately $6,444,935.16. The disclosure for this sale can be found here. Insiders have sold a total of 9,083 shares of company stock worth $8,874,850 in the last quarter. Corporate 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 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)

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.