Brighton Jones LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 167,098 shares of the e-commerce giant’s stock after selling 4,915 shares during the period. Amazon.com makes up approximately 20.7% of Brighton Jones LLC’s portfolio, making the stock its biggest holding. Brighton Jones LLC’s holdings in Amazon.com were worth $160,640,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Amazon.com by 2.9% during the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after acquiring an additional 764,115 shares during the last quarter. BlackRock Inc. grew its position in Amazon.com by 2.4% during the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after acquiring an additional 554,990 shares during the last quarter. Capital Research Global Investors grew its position in Amazon.com by 0.4% during the second quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock valued at $10,368,995,000 after acquiring an additional 40,068 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in Amazon.com by 1.7% during the second quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock valued at $2,737,796,000 after acquiring an additional 46,800 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Amazon.com by 2.7% during the second quarter. Ameriprise Financial Inc. now owns 2,071,370 shares of the e-commerce giant’s stock valued at $2,005,838,000 after acquiring an additional 53,792 shares during the last quarter. Institutional investors own 59.49% of the company’s stock.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,416.78 on Thursday. Amazon.com, Inc. has a 52 week low of $812.50 and a 52 week high of $1,498.00. The company has a market capitalization of $682,710.00, a price-to-earnings ratio of 229.62, a P/E/G ratio of 6.19 and a beta of 1.63. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.89.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.31. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The company had revenue of $60.45 billion during the quarter, compared to analyst estimates of $59.85 billion. During the same quarter last year, the firm posted $1.54 earnings per share. The firm’s revenue was up 38.2% on a year-over-year basis. analysts expect that Amazon.com, Inc. will post 8.5 EPS for the current fiscal year.

A number of research analysts have commented on the stock. Cantor Fitzgerald reiterated a “buy” rating and set a $1,150.00 price target on shares of Amazon.com in a research report on Tuesday, October 24th. They noted that the move was a valuation call. Bank of America reiterated a “buy” rating and set a $1,460.00 price target (up from $1,220.00) on shares of Amazon.com in a research report on Tuesday, January 16th. They noted that the move was a valuation call. Vetr cut shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,079.96 price target on the stock. in a research report on Monday, October 23rd. Canaccord Genuity reiterated a “buy” rating and set a $1,250.00 price target (up from $1,200.00) on shares of Amazon.com in a research report on Friday, October 27th. Finally, Jefferies Group reiterated a “buy” rating and set a $1,350.00 price target on shares of Amazon.com in a research report on Friday, October 27th. Six investment analysts have rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $1,436.23.

In other Amazon.com news, CEO Andrew R. Jassy sold 1,985 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,125.38, for a total transaction of $2,233,879.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tom A. Alberg sold 835 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the transaction, the director now directly owns 17,114 shares of the company’s stock, valued at approximately $20,583,692.36. The disclosure for this sale can be found here. Insiders sold 9,368 shares of company stock valued at $10,726,970 in the last ninety days. 17.00% of the stock is currently owned by insiders.

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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.

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

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