Portland Hill Asset Management Ltd lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 16.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,129 shares of the e-commerce giant’s stock after selling 410 shares during the period. Amazon.com accounts for about 2.1% of Portland Hill Asset Management Ltd’s investment portfolio, making the stock its 13th largest holding. Portland Hill Asset Management Ltd’s holdings in Amazon.com were worth $3,168,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AMZN. HC Financial Advisors Inc. boosted its stake in shares of Amazon.com by 22.6% in the third quarter. HC Financial Advisors Inc. now owns 315 shares of the e-commerce giant’s stock valued at $631,000 after purchasing an additional 58 shares during the period. Regent Investment Management LLC boosted its stake in shares of Amazon.com by 7.0% in the third quarter. Regent Investment Management LLC now owns 4,748 shares of the e-commerce giant’s stock valued at $9,510,000 after purchasing an additional 312 shares during the period. Edge Wealth Management LLC boosted its stake in shares of Amazon.com by 3.9% in the third quarter. Edge Wealth Management LLC now owns 2,169 shares of the e-commerce giant’s stock valued at $4,345,000 after purchasing an additional 81 shares during the period. Duncker Streett & Co. Inc. boosted its stake in shares of Amazon.com by 12.3% in the third quarter. Duncker Streett & Co. Inc. now owns 2,002 shares of the e-commerce giant’s stock valued at $4,010,000 after purchasing an additional 220 shares during the period. Finally, Arthur M. Cohen & Associates LLC boosted its stake in shares of Amazon.com by 1.4% in the third quarter. Arthur M. Cohen & Associates LLC now owns 7,250 shares of the e-commerce giant’s stock valued at $14,522,000 after purchasing an additional 99 shares during the period. 56.06% of the stock is owned by hedge funds and other institutional investors.

AMZN stock opened at $1,871.15 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.09. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,050.50. The stock has a market capitalization of $897.36 billion, a P/E ratio of 92.91, a PEG ratio of 2.07 and a beta of 1.62.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.61 by $2.48. Amazon.com had a net margin of 4.97% and a return on equity of 28.91%. The business had revenue of $59.70 billion for the quarter, compared to analysts’ expectations of $59.73 billion. During the same quarter last year, the company earned $3.27 EPS. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, research analysts forecast that Amazon.com, Inc. will post 26.59 earnings per share for the current fiscal year.

In related news, SVP Jeffrey M. Blackburn sold 2,055 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $1,616.34, for a total value of $3,321,578.70. Following the sale, the senior vice president now owns 46,596 shares of the company’s stock, valued at approximately $75,314,978.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,500 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $1,934.42, for a total transaction of $4,836,050.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $19,344,200. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,075 shares of company stock worth $21,454,483. Corporate insiders own 16.10% of the company’s stock.

A number of research analysts have commented on the stock. BidaskClub downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. JMP Securities increased their price objective on shares of Amazon.com from $2,050.00 to $2,275.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, April 29th. Finally, Piper Jaffray Companies increased their price objective on shares of Amazon.com from $2,070.00 to $2,225.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Five investment analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the company. Amazon.com has a consensus rating of “Buy” and an average target price of $2,181.89.

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About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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