TRB Advisors LP trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 42.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,500 shares of the e-commerce giant’s stock after selling 2,600 shares during the period. Amazon.com comprises about 5.4% of TRB Advisors LP’s portfolio, making the stock its 7th largest holding. TRB Advisors LP’s holdings in Amazon.com were worth $6,628,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Thoroughbred Financial Services LLC raised its stake in shares of Amazon.com by 191,406.0% in the second quarter. Thoroughbred Financial Services LLC now owns 9,307,191 shares of the e-commerce giant’s stock valued at $930,719,000 after acquiring an additional 9,302,331 shares in the last quarter. Northern Trust Corp increased its holdings in Amazon.com by 1.2% during the 2nd quarter. Northern Trust Corp now owns 4,997,392 shares of the e-commerce giant’s stock worth $9,463,210,000 after purchasing an additional 57,712 shares during the period. Baillie Gifford & Co. increased its holdings in Amazon.com by 0.9% during the 2nd quarter. Baillie Gifford & Co. now owns 4,449,842 shares of the e-commerce giant’s stock worth $8,426,354,000 after purchasing an additional 41,699 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Amazon.com by 3.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,764,835 shares of the e-commerce giant’s stock worth $3,341,945,000 after purchasing an additional 52,338 shares during the period. Finally, Fisher Asset Management LLC raised its position in Amazon.com by 3.2% in the 2nd quarter. Fisher Asset Management LLC now owns 1,721,602 shares of the e-commerce giant’s stock valued at $3,260,079,000 after purchasing an additional 53,132 shares in the last quarter. Institutional investors own 55.92% of the company’s stock.

Amazon.com stock traded down $0.60 during midday trading on Wednesday, reaching $1,819.95. The company’s stock had a trading volume of 178,551 shares, compared to its average volume of 2,993,507. The firm has a market capitalization of $905.89 billion, a PE ratio of 90.39, a P/E/G ratio of 2.37 and a beta of 1.57. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,035.80. The stock’s 50 day simple moving average is $1,823.48 and its 200 day simple moving average is $1,835.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.29 by ($0.07). The company had revenue of $63.40 billion for the quarter, compared to analyst estimates of $62.59 billion. Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period last year, the company earned $5.07 earnings per share. Equities analysts predict that Amazon.com, Inc. will post 24.01 earnings per share for the current year.

A number of equities analysts have recently commented on the company. MKM Partners reissued a “buy” rating and set a $2,350.00 price objective (up from $2,240.00) on shares of Amazon.com in a research report on Friday, August 2nd. BidaskClub downgraded shares of Amazon.com from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th. Benchmark reiterated a “buy” rating and set a $2,300.00 price target on shares of Amazon.com in a report on Friday, July 26th. Raymond James set a $2,080.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Oppenheimer set a $2,100.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $2,259.84.

In related news, insider David Zapolsky sold 763 shares of Amazon.com stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total transaction of $1,526,000.00. Following the completion of the transaction, the insider now directly owns 2,698 shares of the company’s stock, valued at $5,396,000. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 7,308 shares of Amazon.com stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total value of $14,616,000.00. Following the transaction, the chief executive officer now directly owns 92,614 shares of the company’s stock, valued at $185,228,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,714 shares of company stock worth $51,174,807. 16.10% of the stock is owned by insiders.

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 third-party sellers through physical stores and online stores.

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

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