Tybourne Capital Management HK Ltd. reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 23.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 317,050 shares of the e-commerce giant’s stock after selling 95,450 shares during the period. Amazon.com accounts for 12.6% of Tybourne Capital Management HK Ltd.’s investment portfolio, making the stock its 4th largest position. Tybourne Capital Management HK Ltd.’s holdings in Amazon.com were worth $281,078,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AMZN. CAMG Solamere Management LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at about $323,000. Cypress Wealth Advisors LLC raised its stake in shares of Amazon.com by 2.3% in the fourth quarter. Cypress Wealth Advisors LLC now owns 1,739 shares of the e-commerce giant’s stock valued at $1,304,000 after buying an additional 39 shares during the period. Shepherd Financial Partners LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at about $1,923,000. Cigna Investments Inc. New bought a new stake in shares of Amazon.com during the fourth quarter valued at about $11,707,000. Finally, D Orazio & Associates Inc. raised its stake in shares of Amazon.com by 8.0% in the fourth quarter. D Orazio & Associates Inc. now owns 215 shares of the e-commerce giant’s stock valued at $161,000 after buying an additional 16 shares during the period. Institutional investors and hedge funds own 62.17% of the company’s stock.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded up 0.94% during midday trading on Friday, reaching $965.94. 1,703,688 shares of the company were exchanged. The firm’s 50 day moving average is $999.07 and its 200-day moving average is $925.01. The company has a market capitalization of $464.02 billion, a PE ratio of 245.66 and a beta of 1.48. Amazon.com, Inc. has a 52-week low of $710.10 and a 52-week high of $1,083.31.

Amazon.com (NASDAQ:AMZN) last issued its quarterly 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. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The business had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. During the same quarter last year, the firm posted $1.78 earnings per share. Amazon.com’s revenue was up 24.8% compared to the same quarter last year. On average, equities analysts forecast that Amazon.com, Inc. will post $3.83 earnings per share for the current fiscal year.

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Several brokerages have recently issued reports on AMZN. Barclays PLC lifted their target price on shares of Amazon.com from $1,120.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $1,275.00 target price on shares of Amazon.com in a research report on Friday, July 28th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, July 28th. Stifel Nicolaus reiterated a “buy” rating and issued a $1,100.00 target price (up previously from $1,075.00) on shares of Amazon.com in a research report on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-three have issued a buy rating and two have assigned a strong buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and an average target price of $1,065.61.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 710 shares of the business’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 owns 10,000 shares in the company, valued at approximately $9,852,500. 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 business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $969.73, for a total value of $3,878,920.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,697,300. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,890 shares of company stock worth $10,800,023. 17.70% of the stock is owned by company insiders.

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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