Brighton Jones LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,013 shares of the e-commerce giant’s stock after selling 1,958 shares during the period. Amazon.com makes up approximately 23.5% of Brighton Jones LLC’s investment portfolio, making the stock its biggest position. Brighton Jones LLC’s holdings in Amazon.com were worth $166,509,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Leavell Investment Management Inc. boosted its position in shares of Amazon.com by 0.3% during the second quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock valued at $381,000 after buying an additional 1 shares during the period. SeaBridge Investment Advisors LLC boosted its position in shares of Amazon.com by 0.4% during the second quarter. SeaBridge Investment Advisors LLC now owns 272 shares of the e-commerce giant’s stock valued at $263,000 after buying an additional 1 shares during the period. Probity Advisors Inc. boosted its position in shares of Amazon.com by 0.6% during the second quarter. Probity Advisors Inc. now owns 320 shares of the e-commerce giant’s stock valued at $310,000 after buying an additional 2 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Amazon.com by 0.3% during the second quarter. Venturi Wealth Management LLC now owns 632 shares of the e-commerce giant’s stock valued at $612,000 after buying an additional 2 shares during the period. Finally, Grimes & Company Inc. boosted its position in shares of Amazon.com by 0.4% during the second quarter. Grimes & Company Inc. now owns 744 shares of the e-commerce giant’s stock valued at $720,000 after buying an additional 3 shares during the period. Institutional investors own 59.83% of the company’s stock.

AMZN has been the subject of several recent analyst reports. Credit Suisse Group restated an “outperform” rating on shares of Amazon.com in a research report on Thursday, August 31st. Monness Crespi & Hardt upgraded Amazon.com from a “neutral” rating to a “buy” rating and set a $1,250.00 target price for the company in a research report on Friday, October 27th. Cowen Inc restated an “outperform” rating and set a $1,125.00 target price on shares of Amazon.com in a research report on Thursday, August 10th. Barclays PLC boosted their target price on Amazon.com from $1,120.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Finally, Leerink Swann restated a “buy” rating on shares of Amazon.com in a research report on Monday, October 30th. Five research analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $1,160.04.

Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,186.00 on Friday. The company has a market cap of $557,121.38, a P/E ratio of 293.44, a P/E/G ratio of 14.49 and a beta of 1.45. Amazon.com, Inc. has a 12 month low of $736.70 and a 12 month high of $1,186.84. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). The business had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period last year, the firm earned $0.52 EPS. analysts forecast that Amazon.com, Inc. will post 4.24 EPS for the current fiscal year.

In other news, Director Tom A. Alberg sold 870 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $1,150.00, for a total transaction of $1,000,500.00. Following the transaction, the director now directly owns 17,949 shares of the company’s stock, valued at $20,641,350. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the transaction, the chief executive officer now directly owns 79,891,433 shares in the company, valued at $88,162,593,058.49. The disclosure for this sale can be found here. Insiders sold 398,703 shares of company stock valued at $440,138,461 in the last three months. 17.70% of the stock is currently owned by insiders.

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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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