Donaldson Capital Management LLC Continues to Hold Stake in Amazon.com, Inc. (AMZN)

Donaldson Capital Management LLC held its position in Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 391 shares of the e-commerce giant’s stock at the end of the second quarter. Donaldson Capital Management LLC’s holdings in Amazon.com were worth $379,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp raised its position in shares of Amazon.com by 1.1% in the 1st quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock worth $14,667,392,000 after acquiring an additional 186,756 shares in the last quarter. Harbour Capital Advisors LLC raised its position in shares of Amazon.com by 100,947.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock worth $2,379,000 after acquiring an additional 2,300,593 shares in the last quarter. American Century Companies Inc. raised its position in shares of Amazon.com by 0.5% in the 1st quarter. American Century Companies Inc. now owns 1,647,564 shares of the e-commerce giant’s stock worth $1,460,631,000 after acquiring an additional 8,704 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Amazon.com by 1.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,280,034 shares of the e-commerce giant’s stock worth $1,239,073,000 after acquiring an additional 15,147 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of Amazon.com by 11.9% in the 1st quarter. Clearbridge Investments LLC now owns 883,531 shares of the e-commerce giant’s stock worth $783,286,000 after acquiring an additional 93,757 shares in the last quarter. 60.77% of the stock is owned by institutional investors and hedge funds.

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Several research analysts have recently issued reports on AMZN shares. Canaccord Genuity reissued a “buy” rating and issued a $1,200.00 target price on shares of Amazon.com in a research report on Wednesday, October 11th. J P Morgan Chase & Co reissued a “buy” rating on shares of Amazon.com in a research report on Friday, July 28th. Citigroup Inc. restated a “buy” rating and issued a $1,200.00 price target (down previously from $1,220.00) on shares of Amazon.com in a research note on Sunday, July 30th. Royal Bank Of Canada set a $1,100.00 price target on Amazon.com and gave the stock a “buy” rating in a research note on Monday, September 11th. Finally, Morgan Stanley restated a “buy” rating and issued a $1,150.00 price target on shares of Amazon.com in a research note on Tuesday, October 10th. Five equities research analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $1,142.08.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $981.74, for a total transaction of $697,035.40. Following the sale, the chief executive officer now directly owns 15,312 shares in the company, valued at approximately $15,032,402.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at $9,552,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,373 shares of company stock worth $8,173,803. 17.70% of the stock is owned by company insiders.

Amazon.com (NASDAQ:AMZN) last released its 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 analyst estimates of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. Amazon.com’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 earnings per share.

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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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

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