Allred Capital Management LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 786 shares of the e-commerce giant’s stock after selling 134 shares during the quarter. Amazon.com accounts for approximately 1.5% of Allred Capital Management LLC’s holdings, making the stock its 11th biggest position. Allred Capital Management LLC’s holdings in Amazon.com were worth $2,474,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AMZN. Full Sail Capital LLC grew its stake in shares of Amazon.com by 88.8% during the 1st quarter. Full Sail Capital LLC now owns 504 shares of the e-commerce giant’s stock valued at $1,200,000 after purchasing an additional 237 shares during the period. Public Employees Retirement Association of Colorado lifted its position in shares of Amazon.com by 2.1% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 354,574 shares of the e-commerce giant’s stock valued at $691,320,000 after buying an additional 7,430 shares in the last quarter. Tredje AP fonden lifted its position in shares of Amazon.com by 134.9% during the 1st quarter. Tredje AP fonden now owns 59,410 shares of the e-commerce giant’s stock valued at $115,833,000 after buying an additional 34,122 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Amazon.com by 1.2% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 111,602 shares of the e-commerce giant’s stock valued at $217,593,000 after buying an additional 1,370 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new position in shares of Amazon.com during the 1st quarter valued at about $70,788,000. Institutional investors and hedge funds own 57.32% of the company’s stock.

Shares of Amazon.com stock opened at $3,272.71 on Friday. The stock’s fifty day moving average is $3,207.58 and its two-hundred day moving average is $2,802.40. The company has a market capitalization of $1,639.27 billion, a PE ratio of 125.83, a price-to-earnings-growth ratio of 3.59 and a beta of 1.35. The company has a quick ratio of 0.97, a current ratio of 1.18 and a debt-to-equity ratio of 0.45. Amazon.com, Inc. has a 52 week low of $1,626.03 and a 52 week high of $3,552.25.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $10.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $8.56. The company had revenue of $88.91 billion for the quarter, compared to the consensus estimate of $81.56 billion. Amazon.com had a return on equity of 20.47% and a net margin of 4.10%. As a group, research analysts anticipate that Amazon.com, Inc. will post 31.61 earnings per share for the current year.

A number of research analysts have recently weighed in on AMZN shares. Societe Generale lifted their price objective on Amazon.com from $2,730.00 to $3,660.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. Cowen lifted their price objective on Amazon.com from $2,750.00 to $3,700.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on Amazon.com from $3,333.00 to $4,000.00 and gave the company a “buy” rating in a research report on Friday, July 31st. William Blair reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, June 22nd. Finally, SVB Leerink started coverage on Amazon.com in a report on Friday, July 24th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-nine have given a buy rating to the stock. Amazon.com has a consensus rating of “Buy” and an average price target of $3,438.90.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 1,200 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $3,174.18, for a total value of $3,809,016.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $31,741,800. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jeffrey P. Bezos sold 97,654 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $3,150.09, for a total value of $307,618,888.86. Following the completion of the sale, the chief executive officer now owns 54,583,923 shares of the company’s stock, valued at $171,944,270,003.07. The disclosure for this sale can be found here. Insiders sold a total of 102,815 shares of company stock worth $324,095,003 in the last ninety days. 16.10% of the stock is currently owned by corporate insiders.

Amazon.com Profile

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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