DF Dent & Co. Inc. Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

DF Dent & Co. Inc. decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,502 shares of the e-commerce giant’s stock after selling 3,415 shares during the period. DF Dent & Co. Inc.’s holdings in Amazon.com were worth $53,637,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AMZN. Stillwater Capital Advisors LLC boosted its position 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. boosted 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 valued at $256,000 after buying an additional 2 shares during the last quarter. Round Table Services LLC boosted 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 valued at $621,000 after buying an additional 2 shares during the last quarter. Naples Global Advisors LLC boosted 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 valued at $956,000 after buying an additional 3 shares during the last quarter. Finally, Beaumont Financial Partners LLC boosted 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 valued at $483,000 after buying an additional 3 shares during the last quarter. 62.17% of the stock is owned by hedge funds and other institutional investors.

Amazon.com, Inc. (NASDAQ:AMZN) traded up 1.08% on Friday, reaching $967.26. The company had a trading volume of 1,443,276 shares. The stock has a 50 day moving average of $999.07 and a 200 day moving average of $925.01. The firm has a market capitalization of $464.65 billion, a PE ratio of 246.00 and a beta of 1.48. 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 announced its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) 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 analysts’ expectations of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. Amazon.com’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.78 earnings per share. On average, analysts anticipate that Amazon.com, Inc. will post $3.83 EPS for the current year.

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AMZN has been the subject of a number of recent research reports. MKM Partners reiterated a “buy” rating and set a $1,095.00 price objective (up previously from $995.00) on shares of Amazon.com in a research report on Monday, May 8th. Maxim Group reaffirmed a “buy” rating and issued a $1,000.00 price target (up from $940.00) on shares of Amazon.com in a research note on Thursday, April 20th. Vetr downgraded shares of Amazon.com from a “buy” rating to a “hold” rating and set a $948.53 price target on the stock. in a research note on Thursday, April 27th. Instinet reissued a “buy” rating on shares of Amazon.com in a research report on Friday, June 2nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $900.00 target price on shares of Amazon.com in a research report on Monday, April 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating, forty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $1,065.61.

In related news, CEO Jeffrey A. Wilke sold 2,670 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $1,010.64, for a total value of $2,698,408.80. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $10,106,400. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $9,697,300. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,890 shares of company stock worth $10,800,023. 17.70% of the stock is currently owned by company insiders.

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

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