Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 144,255 shares of the e-commerce giant’s stock after selling 14,621 shares during the period. Amazon.com makes up about 1.3% of Zurcher Kantonalbank Zurich Cantonalbank’s holdings, making the stock its 6th largest position. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Amazon.com were worth $127,888,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Canada Pension Plan Investment Board boosted its position in Amazon.com by 401.7% in the first quarter. Canada Pension Plan Investment Board now owns 158,030 shares of the e-commerce giant’s stock worth $140,100,000 after buying an additional 126,534 shares during the last quarter. Hermes Investment Management Ltd. boosted its position in Amazon.com by 384.0% in the first quarter. Hermes Investment Management Ltd. now owns 95,472 shares of the e-commerce giant’s stock worth $84,640,000 after buying an additional 75,746 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Amazon.com by 13.0% in the first quarter. Russell Investments Group Ltd. now owns 551,483 shares of the e-commerce giant’s stock worth $488,905,000 after buying an additional 63,638 shares during the last quarter. Swedbank boosted its position in Amazon.com by 6.2% in the first quarter. Swedbank now owns 506,231 shares of the e-commerce giant’s stock worth $448,794,000 after buying an additional 29,496 shares during the last quarter. Finally, CTC LLC boosted its position in Amazon.com by 112.0% in the first quarter. CTC LLC now owns 55,335 shares of the e-commerce giant’s stock worth $48,492,000 after buying an additional 29,239 shares during the last quarter. 60.79% of the stock is currently owned by institutional investors.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded up 0.92% during mid-day trading on Thursday, hitting $976.45. The stock had a trading volume of 1,467,005 shares. The company has a 50-day moving average of $993.73 and a 200 day moving average of $935.81. The firm has a market cap of $469.07 billion, a price-to-earnings ratio of 248.33 and a beta of 1.48. Amazon.com, Inc. has a one year low of $710.10 and a one year 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 analysts’ consensus estimates of $1.40 by $1.00. The firm had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.78 earnings per share. On average, equities research analysts forecast that Amazon.com, Inc. will post $3.82 earnings per share for the current year.

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A number of research analysts have commented on AMZN shares. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, July 28th. Robert W. Baird raised shares of Amazon.com from an “outperform” rating to a “neutral” rating in a research report on Monday, May 15th. Vetr raised shares of Amazon.com from a “buy” rating to a “strong-buy” rating and set a $1,095.08 target price on the stock in a research report on Monday, July 3rd. Citigroup Inc. reaffirmed a “buy” rating and issued a $1,200.00 target price (down previously from $1,220.00) on shares of Amazon.com in a research report on Sunday, July 30th. Finally, BidaskClub cut shares of Amazon.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $1,080.08.

In related news, CEO Andrew R. Jassy sold 1,985 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total transaction of $1,957,448.20. Following the sale, the chief executive officer now owns 81,479 shares in the company, valued at $80,348,071.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total value of $2,674,560.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,552,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,463 shares of company stock worth $14,294,906. 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 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)

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