Centre Asset Management LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,360 shares of the e-commerce giant’s stock after acquiring an additional 1,090 shares during the period. Amazon.com comprises approximately 5.0% of Centre Asset Management LLC’s portfolio, making the stock its 3rd biggest holding. Centre Asset Management LLC’s holdings in Amazon.com were worth $18,740,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Beese Fulmer Investment Management Inc. grew its position in Amazon.com by 0.7% during the first quarter. Beese Fulmer Investment Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $256,000 after acquiring an additional 2 shares during the last quarter. Round Table Services LLC grew its position in Amazon.com by 0.3% during the first quarter. Round Table Services LLC now owns 701 shares of the e-commerce giant’s stock valued at $621,000 after acquiring an additional 2 shares during the last quarter. Naples Global Advisors LLC grew its position in Amazon.com by 0.3% during the first quarter. Naples Global Advisors LLC now owns 1,078 shares of the e-commerce giant’s stock valued at $956,000 after acquiring an additional 3 shares during the last quarter. Beaumont Financial Partners LLC grew its position in Amazon.com by 0.6% during the first quarter. Beaumont Financial Partners LLC now owns 545 shares of the e-commerce giant’s stock valued at $483,000 after acquiring an additional 3 shares during the last quarter. Finally, Cadence Bank NA grew its position in Amazon.com by 0.8% during the first quarter. Cadence Bank NA now owns 658 shares of the e-commerce giant’s stock valued at $584,000 after acquiring an additional 5 shares during the last quarter. Institutional investors and hedge funds own 60.80% of the company’s stock.

Shares of Amazon.com, Inc. (NASDAQ AMZN) traded down 0.55% during trading on Friday, reaching $986.79. The company’s stock had a trading volume of 3,760,183 shares. The stock has a 50 day moving average of $975.62 and a 200-day moving average of $949.38. The company has a market capitalization of $474.03 billion, a PE ratio of 250.96 and a beta of 1.47. Amazon.com, Inc. has a 1-year low of $710.10 and a 1-year high of $1,083.31.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate 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 analysts’ expectations of $37.18 billion. During the same quarter in the previous year, the business posted $1.78 EPS. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. On average, analysts expect that Amazon.com, Inc. will post $3.89 earnings per share for the current year.

In other Amazon.com news, insider Brian T. Olsavsky sold 2,334 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $988.90, for a total transaction of $2,308,092.60. Following the completion of the sale, the insider now owns 1,748 shares of the company’s stock, valued at $1,728,597.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 710 shares of the firm’s 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 sale, the chief executive officer now directly 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 have sold 9,793 shares of company stock worth $9,574,377. 17.70% of the stock is currently owned by company insiders.

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AMZN has been the topic of a number of recent research reports. Deutsche Bank AG reiterated a “buy” rating on shares of Amazon.com in a research report on Monday, June 12th. Loop Capital reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, June 8th. Instinet reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, June 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $1,150.00 price target on shares of Amazon.com in a research report on Thursday, June 1st. Finally, Aegis reiterated a “buy” rating on shares of Amazon.com in a research report on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, forty-six have given a buy rating and two have 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 $1,094.66.

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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