Allen Investment Management LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.9% during the first quarter, Holdings Channel reports. The institutional investor owned 7,733 shares of the e-commerce giant’s stock after selling 1,047 shares during the period. Amazon.com accounts for 0.4% of Allen Investment Management LLC’s holdings, making the stock its 29th largest position. Allen Investment Management LLC’s holdings in Amazon.com were worth $6,856,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. HighVista Strategies LLC purchased a new stake in Amazon.com during the first quarter worth $3,812,000. Schwab Charles Investment Management Inc. raised its stake in Amazon.com by 2.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,264,887 shares of the e-commerce giant’s stock worth $1,121,373,000 after buying an additional 29,920 shares in the last quarter. Nicholas Investment Partners LP raised its stake in Amazon.com by 47.0% in the first quarter. Nicholas Investment Partners LP now owns 5,344 shares of the e-commerce giant’s stock worth $4,738,000 after buying an additional 1,709 shares in the last quarter. Brown Advisory Securities LLC raised its stake in Amazon.com by 2.5% in the first quarter. Brown Advisory Securities LLC now owns 12,818 shares of the e-commerce giant’s stock worth $11,359,000 after buying an additional 312 shares in the last quarter. Finally, Investec Asset Management PTY Ltd purchased a new stake in Amazon.com during the first quarter worth $539,000. Institutional investors and hedge funds own 62.17% of the company’s stock.

Shares of Amazon.com, Inc. (NASDAQ AMZN) traded down 1.4275% during trading on Thursday, hitting $967.9921. The company had a trading volume of 1,464,805 shares. Amazon.com, Inc. has a 12-month low of $710.10 and a 12-month high of $1,083.31. The stock has a market cap of $465.00 billion, a PE ratio of 246.1832 and a beta of 1.48. The firm has a 50 day moving average of $1,000.36 and a 200 day moving average of $924.78.

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

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A number of analysts have weighed in on the stock. Piper Jaffray Companies restated an “overweight” rating and set a $1,200.00 price objective on shares of Amazon.com in a research note on Thursday. Tigress Financial restated a “buy” rating on shares of Amazon.com in a research note on Wednesday. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Amazon.com in a research note on Wednesday. Mizuho restated a “buy” rating and set a $1,250.00 price objective on shares of Amazon.com in a research note on Monday. Finally, BidaskClub lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $1,065.61.

In related news, Director Tom A. Alberg sold 800 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $1,000.00, for a total value of $800,000.00. Following the completion of the sale, the director now owns 20,320 shares in the company, valued at approximately $20,320,000. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeffrey A. Wilke sold 4,000 shares of the company’s stock in a transaction 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 owns 10,000 shares of the company’s stock, valued at approximately $9,697,300. The disclosure for this sale can be found here. Insiders have sold a total of 10,890 shares of company stock valued at $10,800,023 in the last quarter. Corporate 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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