Apriem Advisors trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,131 shares of the e-commerce giant’s stock after selling 197 shares during the period. Apriem Advisors’ holdings in Amazon.com were worth $3,031,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Leavell Investment Management Inc. grew its holdings in Amazon.com by 0.3% during the second quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock worth $381,000 after acquiring an additional 1 shares during the period. SeaBridge Investment Advisors LLC grew its holdings in Amazon.com by 0.4% during the second quarter. SeaBridge Investment Advisors LLC now owns 272 shares of the e-commerce giant’s stock worth $263,000 after acquiring an additional 1 shares during the period. Probity Advisors Inc. grew its holdings in Amazon.com by 0.6% during the second quarter. Probity Advisors Inc. now owns 320 shares of the e-commerce giant’s stock worth $310,000 after acquiring an additional 2 shares during the period. Grimes & Company Inc. grew its holdings in Amazon.com by 0.4% during the second quarter. Grimes & Company Inc. now owns 744 shares of the e-commerce giant’s stock worth $720,000 after acquiring an additional 3 shares during the period. Finally, WealthTrust Arizona LLC boosted its position in shares of Amazon.com by 2.7% in the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after purchasing an additional 3 shares during the period. 60.54% of the stock is currently owned by institutional investors.

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In related news, CEO Jeffrey A. Wilke sold 710 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $981.74, for a total transaction of $697,035.40. Following the completion of the transaction, the chief executive officer now directly owns 15,312 shares of the company’s stock, valued at approximately $15,032,402.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total value of $2,674,560.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,552,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 396,480 shares of company stock valued at $437,036,326. 17.00% of the stock is owned by corporate insiders.

A number of research firms recently weighed in on AMZN. Loop Capital set a $1,300.00 price target on Amazon.com and gave the company a “buy” rating in a research report on Monday. Zacks Investment Research lowered Amazon.com from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and issued a $1,275.00 price target on shares of Amazon.com in a research report on Wednesday, August 9th. Cowen and Company reiterated an “outperform” rating and issued a $1,125.00 price target on shares of Amazon.com in a research report on Thursday, August 10th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $1,200.00 price target on shares of Amazon.com in a research report on Thursday, August 10th. Five analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and a consensus target price of $1,142.08.

Shares of Amazon.com, Inc. (AMZN) opened at $1,129.17 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. Amazon.com, Inc. has a twelve month low of $710.10 and a twelve month high of $1,139.90. The firm has a market capitalization of $542,274.88, a price-to-earnings ratio of 285.62, a P/E/G ratio of 14.04 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). The firm had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The company’s revenue was up 33.7% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS. research analysts forecast that Amazon.com, Inc. will post 4.26 earnings per share for the current year.

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.

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

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