Amazon.com, Inc. (AMZN) Position Cut by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,833 shares of the e-commerce giant’s stock after selling 114 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Amazon.com were worth $3,313,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Amazon.com by 2.9% in the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after purchasing an additional 764,115 shares during the period. BlackRock Inc. grew its holdings in Amazon.com by 2.4% in the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after purchasing an additional 554,990 shares during the period. Capital Research Global Investors grew its holdings in Amazon.com by 0.4% in the second quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock valued at $10,368,995,000 after purchasing an additional 40,068 shares during the period. TIAA CREF Investment Management LLC grew its holdings in Amazon.com by 1.7% in the second quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock valued at $2,737,796,000 after purchasing an additional 46,800 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Amazon.com by 2.7% in the second quarter. Ameriprise Financial Inc. now owns 2,071,370 shares of the e-commerce giant’s stock valued at $2,005,838,000 after purchasing an additional 53,792 shares during the period. Hedge funds and other institutional investors own 60.21% of the company’s stock.

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A number of equities research analysts recently issued reports on AMZN shares. Vetr downgraded shares of Amazon.com from a “hold” rating to a “sell” rating and set a $1,346.44 target price for the company. in a report on Monday, January 29th. BidaskClub downgraded shares of Amazon.com from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 30th. Goldman Sachs reiterated a “conviction-buy” rating on shares of Amazon.com in a research note on Friday, February 2nd. UBS boosted their price objective on shares of Amazon.com to $1,760.00 and gave the stock a “buy” rating in a research note on Friday, March 9th. They noted that the move was a valuation call. Finally, Citigroup reiterated a “buy” rating and set a $1,400.00 price objective (up from $1,250.00) on shares of Amazon.com in a research note on Friday, January 5th. Four investment analysts have rated the stock with a hold rating, forty-eight have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $1,494.78.

Shares of AMZN stock opened at $1,405.23 on Friday. The firm has a market capitalization of $682,867.06, a PE ratio of 308.84, a PEG ratio of 6.20 and a beta of 1.59. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.89. Amazon.com, Inc. has a twelve month low of $884.49 and a twelve month high of $1,617.54.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.31. The firm had revenue of $60.45 billion for the quarter, compared to analysts’ expectations of $59.85 billion. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The firm’s quarterly revenue was up 38.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.54 earnings per share. research analysts predict that Amazon.com, Inc. will post 8.49 EPS for the current year.

In related news, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $1,462.32, for a total value of $795,502.08. Following the sale, the vice president now directly owns 6,533 shares of the company’s stock, valued at $9,553,336.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tom A. Alberg sold 670 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $1,500.00, for a total transaction of $1,005,000.00. Following the completion of the sale, the director now directly owns 14,159 shares in the company, valued at $21,238,500. The disclosure for this sale can be found here. Insiders sold 6,214 shares of company stock worth $9,251,120 over the last ninety days. 17.70% of the stock is currently owned by corporate insiders.

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Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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

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