Beacon Financial Group trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 553 shares of the e-commerce giant’s stock after selling 35 shares during the quarter. Beacon Financial Group’s holdings in Amazon.com were worth $540,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Carlton Hofferkamp & Jenks Wealth Management LLC raised its stake in shares of Amazon.com by 14.0% during the 2nd quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 1,028 shares of the e-commerce giant’s stock worth $995,000 after buying an additional 126 shares during the period. Burns J W & Co. Inc. NY raised its stake in shares of Amazon.com by 6.4% during the 2nd quarter. Burns J W & Co. Inc. NY now owns 3,596 shares of the e-commerce giant’s stock worth $3,481,000 after buying an additional 217 shares during the period. Stillwater Capital Advisors LLC raised its stake in shares of Amazon.com by 6.8% during the 2nd quarter. Stillwater Capital Advisors LLC now owns 562 shares of the e-commerce giant’s stock worth $544,000 after buying an additional 36 shares during the period. Trust Co raised its stake in shares of Amazon.com by 37.7% during the 1st quarter. Trust Co now owns 1,239 shares of the e-commerce giant’s stock worth $1,099,000 after buying an additional 339 shares during the period. Finally, Centre Asset Management LLC raised its stake in shares of Amazon.com by 6.0% during the 2nd quarter. Centre Asset Management LLC now owns 19,360 shares of the e-commerce giant’s stock worth $18,740,000 after buying an additional 1,090 shares during the period. 60.80% of the stock is owned by institutional investors and hedge funds.

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In other news, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total transaction of $536,666.88. Following the completion of the sale, the vice president now directly owns 6,533 shares of the company’s stock, valued at approximately $6,444,935.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction on 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 directly owns 10,000 shares of the company’s stock, valued at $9,552,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,793 shares of company stock valued at $9,574,377. Corporate insiders own 17.70% of the company’s stock.

Amazon.com, Inc. (AMZN) traded down 0.55% during trading on Friday, hitting $986.79. The stock had a trading volume of 3,760,183 shares. Amazon.com, Inc. has a 1-year low of $710.10 and a 1-year high of $1,083.31. The stock has a market cap of $474.03 billion, a PE ratio of 250.96 and a beta of 1.47. The firm’s 50-day moving average price is $975.62 and its 200-day moving average price is $949.38.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($1.00). The company had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The business’s revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.78 earnings per share. On average, equities research analysts predict that Amazon.com, Inc. will post $3.89 earnings per share for the current fiscal year.

Several research analysts recently commented on AMZN shares. UBS AG reissued a “buy” rating and issued a $1,100.00 price objective on shares of Amazon.com in a research note on Wednesday, June 21st. TheStreet downgraded Amazon.com from a “b-” rating to a “c+” rating in a research note on Monday, July 10th. Tigress Financial reissued a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 9th. KeyCorp reissued a “hold” rating on shares of Amazon.com in a research note on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $1,275.00 price objective on shares of Amazon.com in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-six have given a buy rating and two have given a strong buy rating to the stock. Amazon.com has an average rating of “Buy” and a consensus target price of $1,096.67.

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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