Logan Capital Management Inc. cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,077 shares of the e-commerce giant’s stock after selling 1,545 shares during the period. Amazon.com makes up approximately 2.7% of Logan Capital Management Inc.’s holdings, making the stock its 3rd largest position. Logan Capital Management Inc.’s holdings in Amazon.com were worth $35,530,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter valued at about $2,736,365,000. Fisher Asset Management LLC increased its stake in shares of Amazon.com by 1.1% in the first quarter. Fisher Asset Management LLC now owns 2,024,756 shares of the e-commerce giant’s stock valued at $1,795,028,000 after buying an additional 22,032 shares during the period. American Century Companies Inc. increased its stake in shares of Amazon.com by 0.5% in the first quarter. American Century Companies Inc. now owns 1,647,564 shares of the e-commerce giant’s stock valued at $1,460,631,000 after buying an additional 8,704 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Amazon.com by 2.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,264,887 shares of the e-commerce giant’s stock valued at $1,121,373,000 after buying an additional 29,920 shares during the period. Finally, APG Asset Management N.V. increased its stake in shares of Amazon.com by 3.7% in the first quarter. APG Asset Management N.V. now owns 810,292 shares of the e-commerce giant’s stock valued at $718,356,000 after buying an additional 28,703 shares during the period. Institutional investors and hedge funds own 62.17% of the company’s stock.

Amazon.com, Inc. (AMZN) traded up 0.9004% during trading on Friday, reaching $965.5359. The company’s stock had a trading volume of 1,700,358 shares. The company has a 50-day moving average of $999.07 and a 200 day moving average of $925.01. Amazon.com, Inc. has a one year low of $710.10 and a one year high of $1,083.31. The firm has a market cap of $463.82 billion, a PE ratio of 245.5585 and a beta of 1.48.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by $1.00. The firm had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. Amazon.com’s revenue was up 24.8% on a year-over-year basis. During the same period last year, the business earned $1.78 EPS. Analysts expect that Amazon.com, Inc. will post $3.83 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This article was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.watchlistnews.com/amazon-com-inc-nasdaqamzn-shares-sold-by-logan-capital-management-inc/1475332.html.

Several equities research analysts have issued reports on AMZN shares. Deutsche Bank AG increased their price target on Amazon.com from $1,050.00 to $1,125.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Robert W. Baird restated an “outperform” rating and issued a $850.00 price target on shares of Amazon.com in a report on Monday, May 1st. Cowen and Company restated an “outperform” rating and issued a $1,125.00 price target on shares of Amazon.com in a report on Thursday. Raymond James Financial, Inc. downgraded Amazon.com from an “outperform” rating to a “mkt perform” rating in a report on Wednesday, April 26th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Amazon.com in a report on Monday, May 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, forty-three have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $1,065.61.

In related news, CEO Jeffrey A. Wilke sold 710 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $985.25, for a total value of $699,527.50. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at $9,852,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,697,300. The disclosure for this sale can be found here. Insiders have sold 10,890 shares of company stock valued at $10,800,023 in the last three months. 17.70% of the stock is owned by insiders.

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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).

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

Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.