Ipswich Investment Management Co. Inc. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,125 shares of the e-commerce giant’s stock after selling 174 shares during the period. Amazon.com comprises about 1.9% of Ipswich Investment Management Co. Inc.’s portfolio, making the stock its 19th largest position. Ipswich Investment Management Co. Inc.’s holdings in Amazon.com were worth $3,993,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. State Street Corp increased its position in shares of Amazon.com by 1.1% in the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock worth $14,667,392,000 after buying an additional 186,756 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Amazon.com by 1.1% in the first quarter. Fisher Asset Management LLC now owns 2,024,756 shares of the e-commerce giant’s stock worth $1,795,028,000 after buying an additional 22,032 shares during the last quarter. American Century Companies Inc. increased its position in shares of Amazon.com by 0.5% in the first quarter. American Century Companies Inc. now owns 1,647,564 shares of the e-commerce giant’s stock worth $1,460,631,000 after buying an additional 8,704 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of 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 during the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Amazon.com by 11.9% in the first quarter. Clearbridge Investments LLC now owns 883,531 shares of the e-commerce giant’s stock worth $783,286,000 after buying an additional 93,757 shares during the last quarter. 61.90% of the stock is currently owned by institutional investors.

Shares of Amazon.com, Inc. (NASDAQ AMZN) traded down 0.75% during midday trading on Friday, reaching $945.26. The company had a trading volume of 3,324,791 shares. The company’s 50 day moving average price is $993.73 and its 200-day moving average price is $935.81. Amazon.com, Inc. has a 52 week low of $710.10 and a 52 week high of $1,083.31. The company has a market capitalization of $454.08 billion, a P/E ratio of 240.40 and a beta of 1.48.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ 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 for the quarter, compared to analysts’ expectations of $37.18 billion. During the same period in the previous year, the firm posted $1.78 earnings per share. The firm’s revenue was up 24.8% compared to the same quarter last year. On average, equities research analysts predict that Amazon.com, Inc. will post $3.82 earnings per share for the current fiscal year.

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A number of brokerages have issued reports on AMZN. UBS AG reissued a “buy” rating and set a $1,100.00 price objective on shares of Amazon.com in a research report on Wednesday, June 21st. TheStreet downgraded shares of Amazon.com from a “b-” rating to a “c+” rating in a research report on Monday, July 10th. Tigress Financial reissued a “buy” rating on shares of Amazon.com in a research report on Wednesday, August 9th. KeyCorp reissued a “hold” rating on shares of Amazon.com in a research report on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $1,275.00 price objective on shares of Amazon.com in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $1,080.08.

In other news, Director Tom A. Alberg sold 800 shares of Amazon.com stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $1,000.00, for a total transaction of $800,000.00. Following the sale, the director now directly owns 20,320 shares of the company’s stock, valued at $20,320,000. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total value of $536,666.88. Following the sale, the vice president now directly owns 6,533 shares in the company, valued at $6,444,935.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,263 shares of company stock worth $15,094,906. Corporate insiders own 17.70% of the company’s stock.

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 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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