Amazon.com, Inc. (AMZN) Holdings Trimmed by Pitcairn Co.

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Pitcairn Co. decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,552 shares of the e-commerce giant’s stock after selling 603 shares during the period. Amazon.com makes up 1.3% of Pitcairn Co.’s holdings, making the stock its 7th biggest position. Pitcairn Co.’s holdings in Amazon.com were worth $12,378,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Palladium Partners LLC boosted its stake in Amazon.com by 6.9% in the first quarter. Palladium Partners LLC now owns 493 shares of the e-commerce giant’s stock valued at $714,000 after buying an additional 32 shares in the last quarter. Cim Investment Mangement Inc. boosted its stake in Amazon.com by 2.1% in the first quarter. Cim Investment Mangement Inc. now owns 1,608 shares of the e-commerce giant’s stock valued at $2,327,000 after buying an additional 33 shares in the last quarter. American Economic Planning Group Inc. ADV boosted its stake in Amazon.com by 5.0% in the first quarter. American Economic Planning Group Inc. ADV now owns 720 shares of the e-commerce giant’s stock valued at $1,042,000 after buying an additional 34 shares in the last quarter. Oxbow Advisors LLC boosted its stake in Amazon.com by 2.3% in the fourth quarter. Oxbow Advisors LLC now owns 1,555 shares of the e-commerce giant’s stock valued at $1,819,000 after buying an additional 35 shares in the last quarter. Finally, Reilly Financial Advisors LLC boosted its stake in Amazon.com by 7.2% in the first quarter. Reilly Financial Advisors LLC now owns 519 shares of the e-commerce giant’s stock valued at $751,000 after buying an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 57.13% of the company’s stock.

In other news, Director Tom A. Alberg sold 2,320 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $1,827.29, for a total transaction of $4,239,312.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 1,230 shares of the firm’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $1,582.11, for a total value of $1,945,995.30. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $15,821,100. The disclosure for this sale can be found here. Insiders have sold 16,785 shares of company stock valued at $30,772,135 over the last 90 days. 16.30% of the stock is owned by corporate insiders.

Shares of AMZN opened at $1,882.22 on Friday. Amazon.com, Inc. has a 1 year low of $931.75 and a 1 year high of $1,925.00. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The stock has a market cap of $920.03 billion, a PE ratio of 413.67, a P/E/G ratio of 4.12 and a beta of 1.60.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.49 by $2.58. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The company had revenue of $52.89 billion during the quarter, compared to the consensus estimate of $53.37 billion. During the same period last year, the company earned $0.40 earnings per share. The firm’s revenue was up 39.3% compared to the same quarter last year. research analysts anticipate that Amazon.com, Inc. will post 17.27 EPS for the current fiscal year.

Several research firms recently weighed in on AMZN. Oppenheimer reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday. Macquarie reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, June 22nd. Zacks Investment Research raised Amazon.com from a “hold” rating to a “buy” rating and set a $1,993.00 price objective on the stock in a research note on Tuesday, July 31st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $2,185.00 price objective on shares of Amazon.com in a research note on Friday. Finally, JMP Securities reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, June 21st. Two equities research analysts have rated the stock with a hold rating, fifty have given a buy rating and one has assigned a strong buy rating to the stock. Amazon.com has a consensus rating of “Buy” and a consensus target price of $1,933.51.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

Further Reading: Fundamental Analysis and Individual Investors

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

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