Reliance Trust Co. of Delaware reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,361 shares of the e-commerce giant’s stock after selling 164 shares during the quarter. Reliance Trust Co. of Delaware’s holdings in Amazon.com were worth $2,285,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. State Street Corp lifted its position in Amazon.com by 1.1% during the 1st 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 in the last quarter. Fisher Asset Management LLC lifted its position in Amazon.com by 1.1% during the 1st 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 in the last quarter. American Century Companies Inc. lifted its position in Amazon.com by 0.5% during the 1st 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 in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Amazon.com by 2.4% during the 1st 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 in the last quarter. Finally, Clearbridge Investments LLC lifted its position in Amazon.com by 11.9% during the 1st 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 in the last quarter. 60.77% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on AMZN. BidaskClub cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. SunTrust Banks, Inc. began coverage on shares of Amazon.com in a research report on Tuesday, August 15th. They set a “buy” rating and a $1,220.00 price target on the stock. JMP Securities reissued an “outperform” rating and set a $1,125.00 price target on shares of Amazon.com in a research report on Friday, August 25th. Mizuho reissued a “buy” rating and set a $1,250.00 price target on shares of Amazon.com in a research report on Monday, August 7th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $1,400.00 price target on shares of Amazon.com in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $1,109.80.

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Amazon.com, Inc. (NASDAQ AMZN) opened at 965.45 on Thursday. Amazon.com, Inc. has a 52 week low of $710.10 and a 52 week high of $1,083.31. The stock has a market cap of $463.78 billion, a PE ratio of 245.54 and a beta of 1.47. The company’s 50-day moving average is $965.23 and its 200 day moving average is $960.20.

Amazon.com (NASDAQ:AMZN) last released its 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). Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. During the same quarter in the previous year, the business posted $1.78 EPS. Amazon.com’s revenue was up 24.8% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post $3.66 earnings per share for the current fiscal year.

In other Amazon.com news, insider Brian T. Olsavsky sold 2,334 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $988.90, for a total transaction of $2,308,092.60. Following the sale, the insider now owns 1,748 shares in the company, valued at approximately $1,728,597.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction that occurred on 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 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. In the last 90 days, insiders have sold 9,083 shares of company stock worth $8,874,850. 17.70% of the stock is owned by company insiders.

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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