Carleon Capital Partners LLC reduced its stake in shares of Amazon.com Inc. (NASDAQ:AMZN) by 36.3% during the second quarter, Holdings Channel reports. The institutional investor owned 2,550 shares of the e-commerce giant’s stock after selling 1,450 shares during the period. Amazon.com accounts for approximately 0.9% of Carleon Capital Partners LLC’s investment portfolio, making the stock its 26th largest position. Carleon Capital Partners LLC’s holdings in Amazon.com were worth $1,825,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. LPL Financial LLC raised its position in Amazon.com by 24.5% in the first quarter. LPL Financial LLC now owns 105,035 shares of the e-commerce giant’s stock valued at $61,567,000 after buying an additional 20,700 shares in the last quarter. Acadian Asset Management LLC raised its position in Amazon.com by 9.0% in the second quarter. Acadian Asset Management LLC now owns 117,216 shares of the e-commerce giant’s stock valued at $83,882,000 after buying an additional 9,640 shares in the last quarter. Prudential PLC raised its position in Amazon.com by 5.7% in the first quarter. Prudential PLC now owns 105,738 shares of the e-commerce giant’s stock valued at $62,771,000 after buying an additional 5,657 shares in the last quarter. British Columbia Investment Management Corp raised its position in Amazon.com by 1.3% in the second quarter. British Columbia Investment Management Corp now owns 204,723 shares of the e-commerce giant’s stock valued at $146,504,000 after buying an additional 2,602 shares in the last quarter. Finally, Suvretta Capital Management LLC bought a new position in Amazon.com during the first quarter valued at $147,407,000. Hedge funds and other institutional investors own 65.44% of the company’s stock.

Amazon.com Inc. (NASDAQ:AMZN) traded up 0.57% during trading on Tuesday, hitting $779.50. The company’s stock had a trading volume of 1,180,607 shares. The firm has a 50 day moving average of $767.68 and a 200 day moving average of $694.54. Amazon.com Inc. has a 12 month low of $474.00 and a 12 month high of $790.79. The firm has a market cap of $369.54 billion, a P/E ratio of 193.86 and a beta of 1.11.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.67. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The firm had revenue of $30.40 billion for the quarter, compared to analysts’ expectations of $29.54 billion. During the same period in the prior year, the firm posted $0.19 earnings per share. The firm’s quarterly revenue was up 31.1% on a year-over-year basis. Equities research analysts predict that Amazon.com Inc. will post $5.76 earnings per share for the current year.

AMZN has been the topic of several research reports. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $920.00 price objective on shares of Amazon.com in a research note on Thursday, September 8th. Evercore ISI reiterated a “buy” rating and issued a $1,015.00 price objective (up previously from $930.00) on shares of Amazon.com in a research note on Friday. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $900.00 price objective on shares of Amazon.com in a research note on Wednesday, September 7th. JPMorgan Chase & Co. restated an “overweight” rating and set a $925.00 price target on shares of Amazon.com in a research note on Friday, September 9th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $1,000.00 price target on shares of Amazon.com in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $864.64.

In related news, VP Shelley Reynolds sold 625 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $770.10, for a total value of $481,312.50. Following the transaction, the vice president now directly owns 6,519 shares in the company, valued at $5,020,281.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 2,305 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $769.75, for a total value of $1,774,273.75. Following the completion of the transaction, the chief executive officer now owns 84,446 shares in the company, valued at $65,002,308.50. The disclosure for this sale can be found here. 17.70% of the stock is owned by corporate insiders.

About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).

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