Majedie Asset Management Ltd lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 588.2% in the third quarter, HoldingsChannel.com reports. The firm owned 3,861 shares of the e-commerce giant’s stock after purchasing an additional 3,300 shares during the period. Majedie Asset Management Ltd’s holdings in Amazon.com were worth $7,734,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AMZN. Spirit of America Management Corp NY purchased a new stake in Amazon.com in the 3rd quarter worth $110,000. Taylor Hoffman Wealth Management grew its stake in Amazon.com by 192.3% in the 3rd quarter. Taylor Hoffman Wealth Management now owns 76 shares of the e-commerce giant’s stock worth $152,000 after acquiring an additional 50 shares in the last quarter. Capital Investment Services of America Inc. bought a new position in shares of Amazon.com during the third quarter valued at approximately $200,000. Chessman Wealth Strategies RIA bought a new position in shares of Amazon.com during the third quarter valued at approximately $200,000. Finally, Armstrong Henry H Associates Inc. acquired a new stake in Amazon.com in the third quarter valued at approximately $200,000. Institutional investors and hedge funds own 77.71% of the company’s stock.

Several analysts recently commented on AMZN shares. Zacks Investment Research upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $1,926.00 price target on the stock in a research report on Monday, October 15th. Robert W. Baird reissued a “buy” rating on shares of Amazon.com in a research note on Wednesday, October 17th. Royal Bank of Canada reissued a “buy” rating and issued a $2,100.00 price target on shares of Amazon.com in a research note on Thursday, October 18th. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Amazon.com in a research note on Friday, October 19th. Finally, Barclays reiterated a “buy” rating on shares of Amazon.com in a report on Friday, October 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $2,107.33.

In other Amazon.com news, VP Shelley Reynolds sold 437 shares of Amazon.com stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $1,573.11, for a total value of $687,449.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Zapolsky sold 1,929 shares of Amazon.com stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,566.09, for a total transaction of $3,020,987.61. The disclosure for this sale can be found here. Insiders have sold 5,503 shares of company stock valued at $8,552,040 in the last three months. Corporate insiders own 16.30% of the company’s stock.

AMZN stock opened at $1,588.22 on Monday. Amazon.com, Inc. has a twelve month low of $1,265.93 and a twelve month high of $2,050.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.85. The company has a market cap of $780.14 billion, a PE ratio of 78.86, a P/E/G ratio of 2.23 and a beta of 1.62.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share for the quarter, topping analysts’ consensus estimates of $5.55 by $0.49. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. The business had revenue of $72.38 billion during the quarter, compared to the consensus estimate of $71.73 billion. During the same quarter last year, the company earned $2.16 earnings per share. On average, analysts anticipate that Amazon.com, Inc. will post 26.47 EPS for the current year.

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Amazon.com Company 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.

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

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