Kessler Investment Group LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 200 shares of the e-commerce giant’s stock, valued at approximately $194,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Baltimore Washington Financial Advisors Inc. bought a new position in shares of Amazon.com during the fourth quarter worth about $23,951,000. OLD Second National Bank of Aurora increased its position in shares of Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after buying an additional 15 shares during the last quarter. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Amazon.com during the second quarter worth about $116,000. Ibex Wealth Advisors bought a new position in shares of Amazon.com during the fourth quarter worth about $113,000. Finally, Lipe & Dalton bought a new position in shares of Amazon.com during the first quarter worth about $124,000. 62.17% of the stock is owned by institutional investors.

Shares of Amazon.com, Inc. (AMZN) traded down 0.62% during trading on Wednesday, reaching $983.71. The company had a trading volume of 1,604,090 shares. Amazon.com, Inc. has a 12 month low of $710.10 and a 12 month high of $1,083.31. The stock has a market capitalization of $472.55 billion, a PE ratio of 250.18 and a beta of 1.48. The stock’s 50-day moving average price is $1,000.69 and its 200-day moving average price is $920.11.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. The firm had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter last year, the company earned $1.78 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post $3.83 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Kessler Investment Group LLC Invests $194,000 in Amazon.com, Inc. (AMZN)” was originally reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.dailypolitical.com/2017/08/09/kessler-investment-group-llc-invests-194000-in-amazon-com-inc-amzn.html.

A number of brokerages have issued reports on AMZN. UBS AG downgraded Amazon.com from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Amazon.com in a research report on Wednesday. Mizuho restated a “buy” rating and issued a $1,250.00 price objective on shares of Amazon.com in a research report on Monday. Wedbush restated a “buy” rating and issued a $1,250.00 price objective on shares of Amazon.com in a research report on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Amazon.com in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $1,065.61.

In other news, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $985.25, for a total transaction of $699,527.50. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,852,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction on Monday, June 5th. The shares were sold at an average price of $1,011.06, for a total value of $2,022,120.00. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $10,110,600. The disclosure for this sale can be found here. Insiders have sold a total of 10,890 shares of company stock valued at $10,800,023 in the last quarter. 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 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.

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.