Amazon.com, Inc. (NASDAQ:AMZN) Stake Lowered by Highland Capital Management LLC

Highland Capital Management LLC decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the second quarter, Holdings Channel reports. The firm owned 5,944 shares of the e-commerce giant’s stock after selling 48 shares during the period. Highland Capital Management LLC’s holdings in Amazon.com were worth $5,754,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in AMZN. OLD Second National Bank of Aurora increased its stake in Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock valued at $102,000 after buying an additional 15 shares during the period. Ibex Wealth Advisors bought a new stake in Amazon.com during the fourth quarter valued at about $113,000. LeJeune Puetz Investment Counsel LLC bought a new stake in Amazon.com during the second quarter valued at about $116,000. Lipe & Dalton bought a new stake in Amazon.com during the first quarter valued at about $124,000. Finally, Arcadia Investment Management Corp MI increased its stake in Amazon.com by 43.7% in the first quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock valued at $152,000 after buying an additional 52 shares during the period. Institutional investors own 62.17% of the company’s stock.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded down 2.53% during trading on Thursday, hitting $957.20. 3,038,408 shares of the stock traded hands. The firm has a market cap of $459.82 billion, a price-to-earnings ratio of 243.44 and a beta of 1.48. The company has a 50 day moving average price of $1,000.36 and a 200 day moving average price of $924.78. Amazon.com, Inc. has a 12 month low of $710.10 and a 12 month high of $1,083.31.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. The company 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%. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.78 EPS. Analysts anticipate that Amazon.com, Inc. will post $3.83 earnings per share for the current fiscal year.

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Several research firms have recently issued reports on AMZN. MKM Partners reiterated a “buy” rating and set a $1,095.00 price target (up previously from $995.00) on shares of Amazon.com in a research note on Monday, May 8th. Maxim Group reissued a “buy” rating and set a $1,000.00 price objective (up previously from $940.00) on shares of Amazon.com in a research report on Thursday, April 20th. Vetr cut Amazon.com from a “buy” rating to a “hold” rating and set a $948.53 price objective for the company. in a research report on Thursday, April 27th. Instinet reissued a “buy” rating on shares of Amazon.com in a research report on Friday, June 2nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $900.00 price objective on shares of Amazon.com in a research report on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $1,065.61.

In other news, CEO Jeffrey A. Wilke sold 2,670 shares of Amazon.com stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $1,010.64, for a total transaction of $2,698,408.80. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $10,106,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 4,000 shares of Amazon.com stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the sale, the chief executive officer now directly 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 a total of 10,890 shares of company stock worth $10,800,023 in the last ninety days. 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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