GW Henssler & Associates Ltd. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 511 shares of the e-commerce giant’s stock after purchasing an additional 52 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Amazon.com were worth $869,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. BKD Wealth Advisors LLC increased its position in Amazon.com by 3.1% during the second quarter. BKD Wealth Advisors LLC now owns 943 shares of the e-commerce giant’s stock valued at $1,603,000 after acquiring an additional 28 shares during the last quarter. SignalPoint Asset Management LLC increased its position in Amazon.com by 2.0% during the second quarter. SignalPoint Asset Management LLC now owns 1,453 shares of the e-commerce giant’s stock valued at $2,470,000 after acquiring an additional 29 shares during the last quarter. Granite Springs Asset Management LLC increased its position in Amazon.com by 6.1% during the second quarter. Granite Springs Asset Management LLC now owns 518 shares of the e-commerce giant’s stock valued at $880,000 after acquiring an additional 30 shares during the last quarter. Cornerstone Advisors Inc. increased its position in Amazon.com by 3.9% during the second quarter. Cornerstone Advisors Inc. now owns 802 shares of the e-commerce giant’s stock valued at $1,363,000 after acquiring an additional 30 shares during the last quarter. Finally, Private Trust Co. NA increased its position in Amazon.com by 0.7% during the second quarter. Private Trust Co. NA now owns 4,504 shares of the e-commerce giant’s stock valued at $7,655,000 after acquiring an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 56.12% of the company’s stock.

In other news, CEO Jeffrey P. Bezos sold 16,964 shares of the stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $1,632.23, for a total transaction of $27,689,149.72. Following the transaction, the chief executive officer now owns 78,884,539 shares in the company, valued at approximately $128,757,711,091.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Patricia Q. Stonesifer sold 1,375 shares of the stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $1,678.99, for a total value of $2,308,611.25. Following the transaction, the director now owns 9,127 shares in the company, valued at approximately $15,324,141.73. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,447 shares of company stock worth $45,988,928. Insiders own 16.30% of the company’s stock.

A number of research analysts have weighed in on the stock. Wedbush set a $2,100.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research report on Tuesday, October 23rd. UBS Group reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, October 26th. Piper Jaffray Companies reiterated an “overweight” rating and set a $2,100.00 price objective (up previously from $2,075.00) on shares of Amazon.com in a research report on Friday, July 27th. Macquarie reiterated a “buy” rating on shares of Amazon.com in a research report on Wednesday, August 15th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, August 23rd. Three investment analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $2,085.14.

Amazon.com stock opened at $1,593.41 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.80 and a current ratio of 1.08. Amazon.com, Inc. has a 12 month low of $1,122.55 and a 12 month high of $2,050.50. The company has a market capitalization of $779.13 billion, a price-to-earnings ratio of 98.06, a P/E/G ratio of 3.05 and a beta of 1.70.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.29 by $2.46. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. The business had revenue of $56.58 billion for the quarter, compared to analyst estimates of $57.05 billion. Sell-side analysts expect that Amazon.com, Inc. will post 19.37 earnings per share for the current year.

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Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

Further Reading: Average Daily Trade Volume – What You Need to Know

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

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