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Amazon.com, Inc. (AMZN) Shares Bought by Rainier Group Investment Advisory LLC

Amazon.com logoRainier Group Investment Advisory LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 31.3% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 420 shares of the e-commerce giant’s stock after buying an additional 100 shares during the period. Rainier Group Investment Advisory LLC’s holdings in Amazon.com were worth $372,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Stillwater Capital Advisors LLC boosted its position in Amazon.com by 0.4% in the first quarter. Stillwater Capital Advisors LLC now owns 526 shares of the e-commerce giant’s stock valued at $466,000 after buying an additional 2 shares during the last quarter. Beese Fulmer Investment Management Inc. raised its stake in shares of Amazon.com by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $256,000 after buying an additional 2 shares during the period. Round Table Services LLC raised its stake in shares of Amazon.com by 0.3% in the first quarter. Round Table Services LLC now owns 701 shares of the e-commerce giant’s stock valued at $621,000 after buying an additional 2 shares during the period. Naples Global Advisors LLC raised its stake in shares of Amazon.com by 0.3% in the first quarter. Naples Global Advisors LLC now owns 1,078 shares of the e-commerce giant’s stock valued at $956,000 after buying an additional 3 shares during the period. Finally, Beaumont Financial Partners LLC raised its stake in shares of Amazon.com by 0.6% in the first quarter. Beaumont Financial Partners LLC now owns 545 shares of the e-commerce giant’s stock valued at $483,000 after buying an additional 3 shares during the period. Institutional investors and hedge funds own 62.17% of the company’s stock.

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Shares of Amazon.com, Inc. (AMZN) traded up 1.16% during midday trading on Friday, reaching $967.99. The company’s stock had a trading volume of 3,465,237 shares. The company has a 50 day moving average of $999.07 and a 200-day moving average of $925.01. Amazon.com, Inc. has a 52 week low of $710.10 and a 52 week high of $1,083.31. The stock has a market capitalization of $465.00 billion, a price-to-earnings ratio of 246.18 and a beta of 1.48.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (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 firm had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. During the same quarter last year, the business posted $1.78 EPS. The firm’s revenue was up 24.8% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post $3.83 earnings per share for the current year.

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Several brokerages have issued reports on AMZN. UBS AG lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 25th. Cowen and Company reaffirmed an “outperform” rating and issued a $1,125.00 target price on shares of Amazon.com in a report on Thursday. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and issued a $1,275.00 target price on shares of Amazon.com in a report on Wednesday. Mizuho reiterated a “buy” rating and set a $1,250.00 price target on shares of Amazon.com in a research report on Monday. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $1,200.00 price target on shares of Amazon.com in a research report on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-three have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,065.61.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $987.39, for a total transaction of $701,046.90. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,873,900. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 4,000 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,697,300. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,890 shares of company stock worth $10,800,023. 17.70% of the stock is owned by company insiders.

Amazon.com Company 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 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.

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

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