Bessemer Group Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 482,643 shares of the e-commerce giant’s stock after purchasing an additional 3,383 shares during the period. Amazon.com makes up approximately 1.9% of Bessemer Group Inc.’s investment portfolio, making the stock its 6th largest position. Bessemer Group Inc. owned 0.10% of Amazon.com worth $467,199,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Grandfield & Dodd LLC boosted its position in Amazon.com by 7.5% in the 2nd quarter. Grandfield & Dodd LLC now owns 530 shares of the e-commerce giant’s stock valued at $513,000 after buying an additional 37 shares during the period. Lyell Wealth Management LP boosted its position in Amazon.com by 0.7% in the 2nd quarter. Lyell Wealth Management LP now owns 3,805 shares of the e-commerce giant’s stock valued at $3,683,000 after buying an additional 26 shares during the period. CAPROCK Group Inc. boosted its position in Amazon.com by 7.8% in the 2nd quarter. CAPROCK Group Inc. now owns 3,803 shares of the e-commerce giant’s stock valued at $3,681,000 after buying an additional 274 shares during the period. Lourd Capital LLC boosted its position in Amazon.com by 11.8% in the 2nd quarter. Lourd Capital LLC now owns 2,834 shares of the e-commerce giant’s stock valued at $2,743,000 after buying an additional 299 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in Amazon.com by 6.2% in the 2nd quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,517 shares of the e-commerce giant’s stock valued at $15,988,000 after buying an additional 957 shares during the period. 60.77% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have commented on AMZN. UBS AG reissued a “buy” rating and issued a $1,100.00 price target on shares of Amazon.com in a research report on Wednesday, June 21st. TheStreet cut 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. SunTrust Banks, Inc. reissued a “buy” rating and issued a $1,190.00 price target on shares of Amazon.com in a research report on Monday, October 2nd. Finally, KeyCorp reissued a “hold” rating on shares of Amazon.com in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, forty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $1,121.04.

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In other news, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now owns 6,533 shares in the company, valued at approximately $6,444,935.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $981.74, for a total value of $697,035.40. Following the sale, the chief executive officer now owns 15,312 shares in the company, valued at approximately $15,032,402.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,083 shares of company stock worth $8,874,850. Company insiders own 17.70% of the company’s stock.

Amazon.com, Inc. (NASDAQ:AMZN) opened at 1000.93 on Friday. Amazon.com, Inc. has a 12 month low of $710.10 and a 12 month high of $1,083.31. The company has a market cap of $480.83 billion, a price-to-earnings ratio of 254.56 and a beta of 1.47. The company’s 50-day moving average is $970.06 and its 200 day moving average is $965.51.

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 analysts’ consensus estimates of $1.40 by ($1.00). Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The company had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. During the same quarter in the prior year, the company earned $1.78 EPS. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post $3.59 earnings per share for the current fiscal year.

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.

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

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