Bristlecone Advisors LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the first quarter, Holdings Channel reports. The fund owned 2,759 shares of the e-commerce giant’s stock after selling 97 shares during the period. Bristlecone Advisors LLC’s holdings in Amazon.com were worth $2,446,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of AMZN. Stillwater Capital Advisors LLC increased its position in shares of Amazon.com by 0.4% in the first quarter. Stillwater Capital Advisors LLC now owns 526 shares of the e-commerce giant’s stock worth $466,000 after buying an additional 2 shares during the last quarter. Beese Fulmer Investment Management Inc. increased its position in shares of Amazon.com by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $256,000 after buying an additional 2 shares during the last quarter. Round Table Services LLC increased its position in shares of Amazon.com by 0.3% in the first quarter. Round Table Services LLC now owns 701 shares of the e-commerce giant’s stock worth $621,000 after buying an additional 2 shares during the last quarter. Naples Global Advisors LLC increased its position in shares of Amazon.com by 0.3% in the first quarter. Naples Global Advisors LLC now owns 1,078 shares of the e-commerce giant’s stock worth $956,000 after buying an additional 3 shares during the last quarter. Finally, Beaumont Financial Partners LLC increased its position in shares of Amazon.com by 0.6% in the first quarter. Beaumont Financial Partners LLC now owns 545 shares of the e-commerce giant’s stock worth $483,000 after buying an additional 3 shares during the last quarter. Institutional investors own 61.90% of the company’s stock.

Shares of Amazon.com, Inc. (AMZN) traded down 0.306% during mid-day trading on Wednesday, reaching $979.731. 1,254,951 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $997.21 and a 200-day moving average price of $929.59. Amazon.com, Inc. has a 12 month low of $710.10 and a 12 month high of $1,083.31. The stock has a market cap of $470.64 billion, a PE ratio of 249.169 and a beta of 1.48.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the consensus estimate of $1.40 by $1.00. The firm had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. Amazon.com’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.78 earnings per share. On average, analysts predict that Amazon.com, Inc. will post $3.83 earnings per share for the current fiscal year.

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A number of equities analysts have commented on the company. UBS AG downgraded Amazon.com from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 25th. TheStreet downgraded Amazon.com from a “b-” rating to a “c+” rating in a research note on Monday, July 10th. Tigress Financial restated a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 9th. KeyCorp restated a “hold” rating on shares of Amazon.com in a research note on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $1,275.00 target price on shares of Amazon.com in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-four have given a buy rating and two have issued a strong buy rating to the stock. Amazon.com currently has an average rating of “Buy” and an average price target of $1,073.48.

In other news, CEO Jeffrey A. Wilke sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total value of $3,878,920.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,697,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Tom A. Alberg sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $1,000.00, for a total transaction of $800,000.00. Following the completion of the transaction, the director now owns 20,320 shares of the company’s stock, valued at $20,320,000. The disclosure for this sale can be found here. Insiders sold a total of 10,890 shares of company stock valued at $10,800,023 over the last 90 days. Corporate insiders own 17.70% of the company’s stock.

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.

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

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