First Citizens Bank & Trust Co. decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,488 shares of the e-commerce giant’s stock after selling 1,273 shares during the period. Amazon.com comprises 1.2% of First Citizens Bank & Trust Co.’s portfolio, making the stock its 14th biggest position. First Citizens Bank & Trust Co.’s holdings in Amazon.com were worth $9,184,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Osborn Williams & Donohoe LLC increased its holdings in shares of Amazon.com by 1.1% during the second quarter. Osborn Williams & Donohoe LLC now owns 915 shares of the e-commerce giant’s stock worth $886,000 after buying an additional 10 shares in the last quarter. Reinhart Partners Inc. increased its holdings in shares of Amazon.com by 66.8% during the first quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock worth $699,000 after buying an additional 316 shares in the last quarter. Hengehold Capital Management LLC increased its holdings in shares of Amazon.com by 3.5% during the first quarter. Hengehold Capital Management LLC now owns 384 shares of the e-commerce giant’s stock worth $340,000 after buying an additional 13 shares in the last quarter. Boston Advisors LLC increased its holdings in shares of Amazon.com by 11.8% during the first quarter. Boston Advisors LLC now owns 95,063 shares of the e-commerce giant’s stock worth $84,277,000 after buying an additional 10,014 shares in the last quarter. Finally, CAPROCK Group Inc. increased its holdings in shares of Amazon.com by 9.2% during the first quarter. CAPROCK Group Inc. now owns 3,529 shares of the e-commerce giant’s stock worth $3,129,000 after buying an additional 298 shares in the last quarter. 60.80% of the stock is owned by institutional investors.

Amazon.com, Inc. (AMZN) traded up 0.0637% on Wednesday, hitting $965.8846. 1,262,811 shares of the company’s stock were exchanged. The stock has a market cap of $463.99 billion, a P/E ratio of 245.6472 and a beta of 1.47. The firm has a 50 day moving average price of $987.93 and a 200-day moving average price of $943.93. Amazon.com, Inc. has a 52-week low of $710.10 and a 52-week high of $1,083.31.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by $1.00. The business had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.78 earnings per share. Analysts predict that Amazon.com, Inc. will post $3.95 earnings per share for the current fiscal year.

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In other news, insider Brian T. Olsavsky sold 2,334 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $988.90, for a total value of $2,308,092.60. Following the sale, the insider now directly owns 1,748 shares of the company’s stock, valued at approximately $1,728,597.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $2,674,560.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $9,552,000. The disclosure for this sale can be found here. Insiders sold a total of 9,793 shares of company stock worth $9,574,377 over the last ninety days. Insiders own 17.70% of the company’s stock.

Several research firms have recently weighed in on AMZN. UBS AG reaffirmed a “buy” rating and set a $1,100.00 price objective on shares of Amazon.com in a report on Wednesday, June 21st. Cowen and Company reaffirmed an “outperform” rating and set a $1,125.00 price objective on shares of Amazon.com in a report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and set a $1,275.00 price objective on shares of Amazon.com in a report on Wednesday, August 9th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $1,200.00 price objective on shares of Amazon.com in a report on Thursday, August 10th. Finally, Independent Research GmbH reaffirmed a “buy” rating on shares of Amazon.com in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and a consensus target price of $1,088.16.

Amazon.com Company Profile

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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