Majedie Asset Management Ltd bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter, according to its most recent filing with the SEC. The institutional investor bought 580 shares of the e-commerce giant’s stock, valued at approximately $514,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Caxton Associates LP increased its position in shares of Amazon.com by 152.2% in the fourth quarter. Caxton Associates LP now owns 11,350 shares of the e-commerce giant’s stock valued at $8,511,000 after buying an additional 6,850 shares during the period. Ancora Advisors LLC increased its position in shares of Amazon.com by 468.9% in the fourth quarter. Ancora Advisors LLC now owns 2,941 shares of the e-commerce giant’s stock valued at $2,205,000 after buying an additional 2,424 shares during the period. Chescapmanager LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $10,498,000. Trafelet Brokaw Capital Management L.P. purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $225,000. Finally, Scge Management L.P. purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $32,244,000. Hedge funds and other institutional investors own 62.17% of the company’s stock.

Shares of Amazon.com, Inc. (NASDAQ AMZN) opened at 992.27 on Tuesday. Amazon.com, Inc. has a 52-week low of $710.10 and a 52-week high of $1,083.31. The firm has a market cap of $476.67 billion, a P/E ratio of 252.36 and a beta of 1.48. The company has a 50-day moving average of $999.29 and a 200 day moving average of $918.57.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. The business had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. Amazon.com’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 EPS. On average, equities analysts expect that Amazon.com, Inc. will post $3.84 earnings per share for the current year.

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AMZN has been the topic of several recent analyst reports. Vetr upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $931.83 target price on the stock in a report on Monday, April 10th. Needham & Company LLC upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $1,000.00 target price on the stock in a report on Monday, April 10th. Cowen and Company restated an “outperform” rating and issued a $1,050.00 price target on shares of Amazon.com in a research report on Monday, April 10th. Credit Suisse Group restated a “buy” rating and issued a $900.00 price target on shares of Amazon.com in a research report on Monday, April 10th. Finally, Piper Jaffray Companies decreased their price target on shares of Amazon.com from $1,000.00 to $900.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and a consensus target price of $1,065.61.

In other Amazon.com news, Director Tom A. Alberg sold 800 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $1,000.00, for a total value of $800,000.00. Following the completion of the transaction, the director now owns 20,320 shares in the company, valued at $20,320,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $987.39, for a total value of $701,046.90. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,873,900. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,890 shares of company stock valued at $12,699,003. 17.70% of the stock is owned by corporate insiders.

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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

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

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