Gofen & Glossberg LLC IL increased its stake in shares of Amazon.com Inc. (NASDAQ:AMZN) by 1.1% during the third quarter, Holdings Channel reports. The institutional investor owned 5,605 shares of the e-commerce giant’s stock after buying an additional 63 shares during the period. Gofen & Glossberg LLC IL’s holdings in Amazon.com were worth $4,693,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pathstone Family Office LLC increased its stake in Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock valued at $105,000 after buying an additional 70 shares in the last quarter. Kistler Tiffany Companies LLC increased its stake in Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock valued at $108,000 after buying an additional 136 shares in the last quarter. Kings Point Capital Management acquired a new stake in Amazon.com during the second quarter valued at approximately $109,000. Krilogy Financial LLC increased its stake in Amazon.com by 157.1% in the second quarter. Krilogy Financial LLC now owns 198 shares of the e-commerce giant’s stock valued at $142,000 after buying an additional 121 shares in the last quarter. Finally, West Oak Capital LLC increased its stake in Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock valued at $155,000 after buying an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 64.77% of the company’s stock.

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

Shares of Amazon.com Inc. (NASDAQ:AMZN) traded down 0.55% during midday trading on Tuesday, hitting $762.52. The stock had a trading volume of 3,267,204 shares. Amazon.com Inc. has a 12 month low of $474.00 and a 12 month high of $847.21. The stock’s 50-day moving average is $789.54 and its 200-day moving average is $761.26. The stock has a market cap of $362.32 billion, a PE ratio of 174.69 and a beta of 1.51.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.28. Amazon.com had a net margin of 1.64% and a return on equity of 13.47%. The firm had revenue of $32.71 billion for the quarter, compared to the consensus estimate of $32.69 billion. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The company’s revenue for the quarter was up 29.0% compared to the same quarter last year. Equities analysts anticipate that Amazon.com Inc. will post $4.78 EPS for the current year.

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Several research firms recently issued reports on AMZN. Vetr raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $880.16 price objective for the company in a report on Thursday, October 6th. Zacks Investment Research raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating and set a $968.00 price objective for the company in a report on Friday, October 7th. Canaccord Genuity reaffirmed a “buy” rating and set a $900.00 price objective (up from $825.00) on shares of Amazon.com in a report on Monday, October 24th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $1,000.00 price objective on shares of Amazon.com in a report on Monday, October 24th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and issued a $900.00 price target on shares of Amazon.com in a report on Tuesday, October 4th. Six analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $911.75.

In related news, CEO Andrew R. Jassy sold 14,000 shares of Amazon.com stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the sale, the chief executive officer now directly owns 68,141 shares in the company, valued at $54,512,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).

5 Day Chart for NASDAQ:AMZN

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