Telemark Asset Management LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 14.3% during the fourth quarter, Holdings Channel reports. The fund owned 60,000 shares of the e-commerce giant’s stock after selling 10,000 shares during the period. Amazon.com comprises about 9.8% of Telemark Asset Management LLC’s portfolio, making the stock its largest position. Telemark Asset Management LLC’s holdings in Amazon.com were worth $44,992,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Bartlett & Co. LLC boosted its stake in Amazon.com by 7.1% in the third quarter. Bartlett & Co. LLC now owns 120 shares of the e-commerce giant’s stock valued at $100,000 after buying an additional 8 shares during the last quarter. D. Scott Neal Inc. boosted its stake in Amazon.com by 3,000.0% in the third quarter. D. Scott Neal Inc. now owns 155 shares of the e-commerce giant’s stock valued at $130,000 after buying an additional 150 shares during the last quarter. Cable Hill Partners LLC boosted its stake in Amazon.com by 75.2% in the third quarter. Cable Hill Partners LLC now owns 205 shares of the e-commerce giant’s stock valued at $173,000 after buying an additional 88 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in Amazon.com by 12.6% in the third quarter. Blue Bell Private Wealth Management LLC now owns 223 shares of the e-commerce giant’s stock valued at $187,000 after buying an additional 25 shares during the last quarter. Finally, Tarbox Group Inc. boosted its stake in Amazon.com by 4.5% in the third quarter. Tarbox Group Inc. now owns 232 shares of the e-commerce giant’s stock valued at $194,000 after buying an additional 10 shares during the last quarter. Institutional investors own 65.08% of the company’s stock.

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

Amazon.com, Inc. (NASDAQ:AMZN) opened at 856.97 on Tuesday. Amazon.com, Inc. has a 1-year low of $538.58 and a 1-year high of $860.86. The firm has a 50 day moving average of $841.00 and a 200 day moving average of $801.26. The firm has a market cap of $408.92 billion, a P/E ratio of 174.89 and a beta of 1.40.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 2nd. The e-commerce giant reported $1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.19. Amazon.com had a net margin of 1.74% and a return on equity of 13.87%. The firm had revenue of $43.74 billion for the quarter, compared to analyst estimates of $44.66 billion. During the same quarter last year, the business earned $1.00 earnings per share. Amazon.com’s revenue was up 22.4% compared to the same quarter last year. On average, equities research analysts expect that Amazon.com, Inc. will post $7.18 EPS for the current year.

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Several research firms recently issued reports on AMZN. Bank of America Corp reiterated a “buy” rating and issued a $960.00 price objective on shares of Amazon.com in a report on Sunday, December 4th. Robert W. Baird reiterated an “outperform” rating and issued a $850.00 price objective on shares of Amazon.com in a report on Sunday, January 8th. Vetr upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $884.00 price objective on the stock in a report on Tuesday, February 28th. William Blair reiterated a “buy” rating on shares of Amazon.com in a report on Saturday, March 11th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Amazon.com in a research note on Tuesday, January 31st. Six investment analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. Amazon.com currently has an average rating of “Buy” and an average price target of $939.08.

In related news, insider David Zapolsky sold 503 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $850.00, for a total transaction of $427,550.00. Following the sale, the insider now owns 2,523 shares in the company, valued at $2,144,550. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tom A. Alberg sold 590 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total transaction of $501,500.00. Following the sale, the director now owns 22,525 shares in the company, valued at approximately $19,146,250. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by company 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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