Beaton Management Co. Inc. bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 996 shares of the e-commerce giant’s stock, valued at approximately $964,000. Amazon.com accounts for about 1.0% of Beaton Management Co. Inc.’s portfolio, making the stock its 29th largest holding.

A number of other hedge funds also recently modified their holdings of the business. SeaBridge Investment Advisors LLC raised its holdings in shares of Amazon.com by 0.4% during the second quarter. SeaBridge Investment Advisors LLC now owns 272 shares of the e-commerce giant’s stock valued at $263,000 after buying an additional 1 shares during the last quarter. Leavell Investment Management Inc. raised its holdings in shares of Amazon.com by 0.3% during the second quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock valued at $381,000 after buying an additional 1 shares during the last quarter. Probity Advisors Inc. raised its holdings in shares of Amazon.com by 0.6% during the second quarter. Probity Advisors Inc. now owns 320 shares of the e-commerce giant’s stock valued at $310,000 after buying an additional 2 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Amazon.com by 0.3% during the second quarter. Venturi Wealth Management LLC now owns 632 shares of the e-commerce giant’s stock valued at $612,000 after buying an additional 2 shares during the last quarter. Finally, Regis Management CO LLC raised its holdings in shares of Amazon.com by 0.9% during the second quarter. Regis Management CO LLC now owns 231 shares of the e-commerce giant’s stock valued at $224,000 after buying an additional 2 shares during the last quarter. Institutional investors own 59.94% of the company’s stock.

In other Amazon.com news, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,126.27, for a total transaction of $612,690.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the transaction, the chief executive officer now owns 79,891,433 shares in the company, valued at $88,162,593,058.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 402,338 shares of company stock worth $444,391,701. Corporate insiders own 17.00% of the company’s stock.

Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,164.13 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74. The stock has a market cap of $563,270.06, a P/E ratio of 296.68, a price-to-earnings-growth ratio of 13.22 and a beta of 1.47. Amazon.com, Inc. has a 12-month low of $747.70 and a 12-month high of $1,213.41.

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

A number of equities research analysts have recently weighed in on AMZN shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $1,100.00 price target on shares of Amazon.com in a report on Tuesday, October 24th. Loop Capital set a $1,200.00 price target on Amazon.com and gave the company a “buy” rating in a report on Friday, October 20th. Royal Bank of Canada set a $1,100.00 price target on Amazon.com and gave the company a “buy” rating in a report on Monday, September 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $1,250.00 price target (up previously from $1,150.00) on shares of Amazon.com in a report on Friday, October 27th. Finally, Cantor Fitzgerald lifted their price target on Amazon.com to $1,360.00 and gave the company an “overweight” rating in a report on Friday, October 27th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and fifty have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $1,219.02.

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Amazon.com Profile

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.

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

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