Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Omega Advisors Inc.

Omega Advisors Inc. reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% during the first quarter, Holdings Channel reports. The institutional investor owned 19,400 shares of the e-commerce giant’s stock after selling 600 shares during the period. Omega Advisors Inc.’s holdings in Amazon.com were worth $17,199,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Stillwater Capital Advisors LLC raised its stake in shares of Amazon.com by 0.4% in the first quarter. Stillwater Capital Advisors LLC now owns 526 shares of the e-commerce giant’s stock worth $466,000 after buying an additional 2 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its stake in shares of Amazon.com by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $256,000 after buying an additional 2 shares in the last quarter. Round Table Services LLC raised its stake in shares of Amazon.com by 0.3% in the first quarter. Round Table Services LLC now owns 701 shares of the e-commerce giant’s stock worth $621,000 after buying an additional 2 shares in the last quarter. Naples Global Advisors LLC raised its stake in shares of Amazon.com by 0.3% in the first quarter. Naples Global Advisors LLC now owns 1,078 shares of the e-commerce giant’s stock worth $956,000 after buying an additional 3 shares in the last quarter. Finally, Beaumont Financial Partners LLC raised its stake in shares of Amazon.com by 0.6% in the first quarter. Beaumont Financial Partners LLC now owns 545 shares of the e-commerce giant’s stock worth $483,000 after buying an additional 3 shares in the last quarter. 62.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Amazon.com, Inc. (AMZN) traded up 1.041% during midday trading on Friday, reaching $966.883. The company’s stock had a trading volume of 1,439,404 shares. The stock has a market capitalization of $464.47 billion, a PE ratio of 245.901 and a beta of 1.48. The stock’s 50 day moving average is $999.07 and its 200 day moving average is $925.01. Amazon.com, Inc. has a 12 month low of $710.10 and a 12 month high of $1,083.31.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by $1.00. The firm had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. Amazon.com’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 earnings per share. On average, analysts forecast that Amazon.com, Inc. will post $3.83 EPS for the current fiscal year.

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A number of research firms have weighed in on AMZN. UBS AG lowered Amazon.com from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 25th. TheStreet lowered Amazon.com from a “b-” rating to a “c+” rating in a research note on Monday, July 10th. Tigress Financial reissued a “buy” rating on shares of Amazon.com in a research note on Wednesday. Piper Jaffray Companies reissued an “overweight” rating and set a $1,200.00 price objective on shares of Amazon.com in a research note on Thursday. Finally, Cowen and Company reissued an “outperform” rating and set a $1,125.00 price objective on shares of Amazon.com in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating, forty-three have issued a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $1,065.61.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 4,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,697,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey A. Wilke sold 710 shares of the company’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $985.25, for a total transaction of $699,527.50. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $9,852,500. The disclosure for this sale can be found here. Insiders have sold 10,890 shares of company stock worth $10,800,023 over the last ninety days. Insiders own 17.70% of the company’s stock.

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

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