Kings Point Capital Management grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,267 shares of the e-commerce giant’s stock after purchasing an additional 94 shares during the quarter. Kings Point Capital Management’s holdings in Amazon.com were worth $5,098,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. State Street Corp increased its position in shares of Amazon.com by 1.1% during the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock worth $14,667,392,000 after acquiring an additional 186,756 shares during the last quarter. Harbour Capital Advisors LLC increased its holdings in Amazon.com by 100,947.5% in the second quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock valued at $2,379,000 after buying an additional 2,300,593 shares during the last quarter. Legal & General Group Plc increased its holdings in Amazon.com by 3.8% in the second quarter. Legal & General Group Plc now owns 1,790,451 shares of the e-commerce giant’s stock valued at $1,733,174,000 after buying an additional 66,086 shares during the last quarter. American Century Companies Inc. increased its holdings in Amazon.com by 0.5% in the first quarter. American Century Companies Inc. now owns 1,647,564 shares of the e-commerce giant’s stock valued at $1,460,631,000 after buying an additional 8,704 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Amazon.com by 1.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,280,034 shares of the e-commerce giant’s stock valued at $1,239,073,000 after buying an additional 15,147 shares during the last quarter. Institutional investors own 59.83% of the company’s stock.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,156.16 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00. The stock has a market cap of $549,088.56, a PE ratio of 289.21, a price-to-earnings-growth ratio of 14.28 and a beta of 1.45. Amazon.com, Inc. has a twelve month low of $736.70 and a twelve month high of $1,160.27.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). The business had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The business’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. equities research analysts expect that Amazon.com, Inc. will post 4.24 earnings per share for the current fiscal year.

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Several equities analysts have recently commented on the company. Nomura reaffirmed a “buy” rating and set a $1,360.00 target price on shares of Amazon.com in a report on Monday. Citigroup Inc. reaffirmed a “buy” rating on shares of Amazon.com in a report on Sunday. KeyCorp reaffirmed a “hold” rating on shares of Amazon.com in a report on Wednesday, November 15th. Loop Capital set a $1,300.00 target price on Amazon.com and gave the company a “buy” rating in a report on Monday, November 13th. Finally, TheStreet raised Amazon.com from a “c+” rating to a “b-” rating in a report on Tuesday, November 7th. Five investment analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $1,160.04.

In other news, CEO Jeffrey P. Bezos sold 391,110 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the completion of the transaction, the chief executive officer now directly owns 79,891,433 shares in the company, valued at approximately $88,162,593,058.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Tom A. Alberg sold 1,860 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the completion of the transaction, the director now owns 18,460 shares of the company’s stock, valued at $20,475,832. The disclosure for this sale can be found here. Insiders sold a total of 397,833 shares of company stock valued at $439,137,961 over the last 90 days. 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)

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