Amazon.com, Inc. (AMZN) Shares Bought by Tortoise Investment Management LLC

Tortoise Investment Management LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 446.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 536 shares of the e-commerce giant’s stock after acquiring an additional 438 shares during the quarter. Tortoise Investment Management LLC’s holdings in Amazon.com were worth $519,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in AMZN. Clear Investment Research LLC lifted its position in Amazon.com by 73,100.0% during the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after buying an additional 731 shares during the period. WealthTrust Arizona LLC lifted its position in Amazon.com by 2.7% during the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after buying an additional 3 shares during the period. LeJeune Puetz Investment Counsel LLC purchased a new position in Amazon.com during the second quarter valued at $116,000. Lipe & Dalton purchased a new position in Amazon.com during the first quarter valued at $124,000. Finally, Farmers & Merchants Investments Inc. lifted its position in Amazon.com by 560.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock valued at $128,000 after buying an additional 112 shares during the period. 60.77% of the stock is owned by institutional investors.

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In other Amazon.com news, CEO Andrew R. Jassy sold 1,985 shares of Amazon.com stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total transaction of $1,957,448.20. Following the completion of the sale, the chief executive officer now directly owns 81,479 shares of the company’s stock, valued at approximately $80,348,071.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total value of $2,674,560.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,552,000. The disclosure for this sale can be found here. Insiders have sold a total of 9,083 shares of company stock valued at $8,874,850 over the last ninety days. 17.70% of the stock is owned by company insiders.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). The business had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share.

AMZN has been the subject of several recent research reports. Vetr lowered Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,105.24 price objective for the company. in a research report on Monday, July 10th. Royal Bank Of Canada reissued an “outperform” rating and set a $1,100.00 price objective on shares of Amazon.com in a research report on Tuesday, July 11th. Credit Suisse Group reissued an “outperform” rating and set a $1,100.00 price objective on shares of Amazon.com in a research report on Tuesday, July 11th. Sanford C. Bernstein reissued a “buy” rating on shares of Amazon.com in a research report on Tuesday, July 11th. Finally, BidaskClub raised Amazon.com from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Five analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,142.08.

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 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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