Culbertson A N & Co. Inc. Lowers Position in Amazon.com, Inc. (AMZN)

Culbertson A N & Co. Inc. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 409 shares of the e-commerce giant’s stock after selling 31 shares during the period. Culbertson A N & Co. Inc.’s holdings in Amazon.com were worth $396,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Amazon.com during the fourth quarter valued at $2,736,365,000. Discovery Capital Management LLC CT raised its stake in Amazon.com by 117.8% in the fourth quarter. Discovery Capital Management LLC CT now owns 478,182 shares of the e-commerce giant’s stock valued at $358,574,000 after buying an additional 258,595 shares in the last quarter. State Street Corp raised its stake in Amazon.com by 1.1% in the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock valued at $14,667,392,000 after buying an additional 186,756 shares in the last quarter. Karp Capital Management Corp purchased a new stake in Amazon.com during the first quarter valued at about $157,189,000. Finally, Canada Pension Plan Investment Board raised its stake in Amazon.com by 401.7% in the first quarter. Canada Pension Plan Investment Board now owns 158,030 shares of the e-commerce giant’s stock valued at $140,100,000 after buying an additional 126,534 shares in the last quarter. Hedge funds and other institutional investors own 61.90% of the company’s stock.

Shares of Amazon.com, Inc. (NASDAQ AMZN) traded down 0.22% during trading on Friday, hitting $958.47. The stock had a trading volume of 3,284,821 shares. The stock’s 50 day moving average is $995.90 and its 200-day moving average is $931.08. Amazon.com, Inc. has a 12-month low of $710.10 and a 12-month high of $1,083.31. The company has a market cap of $460.43 billion, a PE ratio of 243.76 and a beta of 1.48.

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

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Several equities research analysts recently issued reports on AMZN shares. Wedbush reissued an “outperform” rating and issued a $1,250.00 target price (up from $900.00) on shares of Amazon.com in a report on Monday, April 24th. Nomura reissued a “buy” rating and issued a $975.00 target price on shares of Amazon.com in a report on Monday, April 24th. Instinet increased their target price on shares of Amazon.com from $925.00 to $975.00 and gave the stock a “buy” rating in a report on Monday, April 24th. Stifel Nicolaus reissued a “buy” rating and issued a $1,025.00 target price on shares of Amazon.com in a report on Monday, April 24th. Finally, Cowen and Company reissued an “outperform” rating and issued a $1,050.00 target price on shares of Amazon.com in a report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $1,078.80.

In other news, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total value of $536,666.88. Following the completion of the sale, the vice president now owns 6,533 shares of the company’s stock, valued at $6,444,935.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 1,985 shares of Amazon.com stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $986.12, for a total value of $1,957,448.20. Following the completion of the sale, the chief executive officer now directly owns 81,479 shares of the company’s stock, valued at approximately $80,348,071.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,463 shares of company stock valued at $16,299,266. Company 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.

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

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