Amazon.com, Inc. (AMZN) Holdings Boosted by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 15.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,381 shares of the e-commerce giant’s stock after buying an additional 187 shares during the quarter. Gerber Kawasaki Wealth & Investment Management’s holdings in Amazon.com were worth $1,376,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Clear Investment Research LLC raised its position in shares of 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 worth $107,000 after purchasing an additional 731 shares during the period. WealthTrust Arizona LLC raised its position in shares of Amazon.com by 2.7% during the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after purchasing an additional 3 shares during the period. LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Amazon.com during the second quarter worth approximately $116,000. Lipe & Dalton acquired a new position in shares of Amazon.com during the first quarter worth approximately $124,000. Finally, Farmers & Merchants Investments Inc. raised its position in shares of Amazon.com by 560.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock worth $128,000 after purchasing an additional 112 shares during the period. 59.79% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com, Inc. (AMZN) opened at $1,162.35 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03. The firm has a market capitalization of $560,104.13, a price-to-earnings ratio of 295.01, a PEG ratio of 14.56 and a beta of 1.47. Amazon.com, Inc. has a 12 month low of $736.70 and a 12 month high of $1,213.41.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.57). The firm had revenue of $43.74 billion for the quarter, compared to the consensus estimate of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The firm’s revenue was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS. research analysts forecast that Amazon.com, Inc. will post 4.24 earnings per share for the current fiscal year.

AMZN has been the subject of several recent research reports. Tigress Financial reiterated a “buy” rating on shares of Amazon.com in a report on Wednesday, August 9th. Vetr upgraded Amazon.com from a “sell” rating to a “hold” rating and set a $1,155.74 price target for the company in a report on Wednesday, November 29th. Wells Fargo & Company reiterated a “buy” rating on shares of Amazon.com in a report on Monday. Oppenheimer reiterated a “buy” rating on shares of Amazon.com in a report on Monday. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a report on Monday. Five research analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $1,207.37.

In other news, Director Tom A. Alberg sold 835 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total transaction of $1,004,287.90. Following the completion of the transaction, the director now owns 17,114 shares in the company, valued at approximately $20,583,692.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 544 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,126.27, for a total value of $612,690.88. The disclosure for this sale can be found here. Insiders have sold a total of 399,538 shares of company stock valued at $441,142,749 in the last quarter. 17.00% of the stock is owned by corporate insiders.

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Amazon.com 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.

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

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