Thompson Siegel & Walmsley LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 58.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 925 shares of the e-commerce giant’s stock after selling 1,284 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Amazon.com were worth $895,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Leavell Investment Management Inc. increased its stake in shares of Amazon.com by 0.3% during the second quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock valued at $381,000 after purchasing an additional 1 shares in the last quarter. SeaBridge Investment Advisors LLC increased its stake in shares of Amazon.com by 0.4% during the second quarter. SeaBridge Investment Advisors LLC now owns 272 shares of the e-commerce giant’s stock valued at $263,000 after purchasing an additional 1 shares in the last quarter. Probity Advisors Inc. increased its stake in shares of Amazon.com by 0.6% during the second quarter. Probity Advisors Inc. now owns 320 shares of the e-commerce giant’s stock valued at $310,000 after purchasing an additional 2 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Amazon.com by 0.3% during the second quarter. Venturi Wealth Management LLC now owns 632 shares of the e-commerce giant’s stock valued at $612,000 after purchasing an additional 2 shares in the last quarter. Finally, WealthTrust Arizona LLC increased its stake in shares of Amazon.com by 2.7% during the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after purchasing an additional 3 shares in the last quarter. 59.70% of the stock is owned by institutional investors.

A number of brokerages have weighed in on AMZN. UBS reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday. JMP Securities reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday. Oppenheimer raised their target price on shares of Amazon.com to $1,330.00 and gave the company an “outperform” rating in a research note on Friday. MKM Partners raised their target price on shares of Amazon.com from $1,275.00 to $1,350.00 and gave the company a “buy” rating in a research note on Friday. Finally, Wells Fargo & Company raised their target price on shares of Amazon.com to $1,525.00 and gave the company an “outperform” rating in a research note on Friday. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $1,207.37.

In other news, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the transaction, the chief executive officer now owns 79,891,433 shares in the company, valued at approximately $88,162,593,058.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,126.27, for a total transaction of $612,690.88. The disclosure for this sale can be found here. Insiders have sold a total of 399,538 shares of company stock worth $441,142,749 in the last quarter. Corporate insiders own 17.70% of the company’s stock.

Shares of Amazon.com, Inc. (NASDAQ AMZN) opened at $1,162.35 on Friday. Amazon.com, Inc. has a fifty-two week low of $736.70 and a fifty-two week high of $1,213.41. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74. The stock has a market cap of $567,043.13, a P/E ratio of 298.67, a P/E/G ratio of 14.74 and a beta of 1.47.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). The company had revenue of $43.74 billion during the quarter, compared to analysts’ expectations of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The company’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 EPS. analysts expect that Amazon.com, Inc. will post 4.24 EPS for the current fiscal year.

WARNING: This story was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.dailypolitical.com/2017/12/02/thompson-siegel-walmsley-llc-decreases-position-in-amazon-com-inc-amzn.html.

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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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

Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.