Amazon.com, Inc. (NASDAQ:AMZN) Position Raised by Regent Investment Management LLC

Regent Investment Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,609 shares of the e-commerce giant’s stock after buying an additional 164 shares during the period. Amazon.com accounts for approximately 0.9% of Regent Investment Management LLC’s holdings, making the stock its 29th largest position. Regent Investment Management LLC’s holdings in Amazon.com were worth $2,526,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in Amazon.com during the fourth quarter worth approximately $2,736,365,000. Ruane Cunniff & Goldfarb Inc. bought a new position in Amazon.com during the fourth quarter worth approximately $335,571,000. Discovery Capital Management LLC CT raised its position in Amazon.com by 117.8% in the fourth quarter. Discovery Capital Management LLC CT now owns 478,182 shares of the e-commerce giant’s stock worth $358,574,000 after buying an additional 258,595 shares in the last quarter. State Street Corp raised its position in Amazon.com by 1.1% in the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock worth $14,667,392,000 after buying an additional 186,756 shares in the last quarter. Finally, Karp Capital Management Corp bought a new position in Amazon.com during the first quarter worth approximately $157,189,000. 62.17% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com, Inc. (AMZN) opened at 967.99 on Friday. Amazon.com, Inc. has a 52-week low of $710.10 and a 52-week high of $1,083.31. The company has a market capitalization of $465.00 billion, a price-to-earnings ratio of 246.18 and a beta of 1.48. The company’s 50-day moving average is $998.12 and its 200-day moving average is $926.08.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by $1.00. The business had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. Amazon.com’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period last year, the company earned $1.78 earnings per share. On average, analysts expect that Amazon.com, Inc. will post $3.83 earnings per share for the current fiscal year.

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AMZN has been the topic of several recent research reports. JPMorgan Chase & Co. restated a “buy” rating on shares of Amazon.com in a research report on Friday, July 28th. Robert W. Baird upgraded shares of Amazon.com from an “outperform” rating to a “neutral” rating in a research report on Monday, May 15th. Royal Bank Of Canada decreased their price objective on shares of Amazon.com from $1,100.00 to $900.00 and set an “outperform” rating for the company in a research note on Monday, May 1st. Vetr raised shares of Amazon.com from a “buy” rating to a “strong-buy” rating and set a $1,095.08 price objective for the company in a research note on Monday, July 3rd. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $1,200.00 price objective (down previously from $1,220.00) on shares of Amazon.com in a research note on Sunday, July 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating, forty-three have issued a buy rating and two have given a strong buy rating to the company. Amazon.com presently has an average rating of “Buy” and a consensus target price of $1,065.61.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 4,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,697,300. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $985.25, for a total transaction of $699,527.50. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $9,852,500. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,890 shares of company stock worth $10,800,023. 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.

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

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