Amazon.com, Inc. (AMZN) Stake Boosted by Regent Investment Management LLC

Regent Investment Management LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,445 shares of the e-commerce giant’s stock after buying an additional 263 shares during the period. Regent Investment Management LLC’s holdings in Amazon.com were worth $2,168,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in AMZN. Ibex Wealth Advisors acquired a new position in shares of Amazon.com during the fourth quarter worth $113,000. Empirical Finance LLC acquired a new position in shares of Amazon.com during the fourth quarter worth $152,000. D Orazio & Associates Inc. raised its position in shares of Amazon.com by 8.0% in the fourth quarter. D Orazio & Associates Inc. now owns 215 shares of the e-commerce giant’s stock worth $161,000 after buying an additional 16 shares in the last quarter. First PREMIER Bank raised its position in shares of Amazon.com by 8.5% in the first quarter. First PREMIER Bank now owns 191 shares of the e-commerce giant’s stock worth $169,000 after buying an additional 15 shares in the last quarter. Finally, Cable Hill Partners LLC raised its position in shares of Amazon.com by 75.2% in the third quarter. Cable Hill Partners LLC now owns 205 shares of the e-commerce giant’s stock worth $173,000 after buying an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 63.45% of the company’s stock.

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

Amazon.com, Inc. (NASDAQ:AMZN) traded up 0.76% on Monday, reaching $995.17. 5,039,970 shares of the company’s stock were exchanged. Amazon.com, Inc. has a 12 month low of $682.11 and a 12 month high of $1,017.00. The firm has a market cap of $475.67 billion, a PE ratio of 187.41 and a beta of 1.47. The firm’s 50-day moving average is $970.64 and its 200-day moving average is $865.45.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.45. The firm had revenue of $35.71 billion during the quarter, compared to analysts’ expectations of $35.31 billion. Amazon.com had a net margin of 1.81% and a return on equity of 13.72%. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.07 earnings per share. On average, equities analysts forecast that Amazon.com, Inc. will post $6.68 earnings per share for the current year.

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AMZN has been the topic of a number of recent analyst reports. SunTrust Banks, Inc. reissued a “hold” rating and set a $850.00 price target on shares of Amazon.com in a research note on Tuesday, February 21st. Citigroup Inc. reaffirmed a “buy” rating on shares of Amazon.com in a research report on Wednesday, February 22nd. CLSA reaffirmed an “outperform” rating and issued a $950.00 target price on shares of Amazon.com in a research report on Wednesday, February 22nd. Evercore ISI reaffirmed an “overweight” rating on shares of Amazon.com in a research report on Monday, February 27th. Finally, Vetr raised Amazon.com from a “hold” rating to a “buy” rating and set a $884.00 target price on the stock in a research report on Tuesday, February 28th. Five equities research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $1,020.96.

In other Amazon.com news, insider David Zapolsky sold 505 shares of the stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $946.59, for a total value of $478,027.95. Following the completion of the sale, the insider now owns 2,018 shares in the company, valued at $1,910,218.62. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction on Monday, June 5th. The shares were sold at an average price of $1,011.06, for a total transaction of $2,022,120.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $10,110,600. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,013,380 shares of company stock valued at $953,846,866. Corporate 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.

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