Altfest L J & Co. Inc. lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,841 shares of the e-commerce giant’s stock after selling 40 shares during the period. Altfest L J & Co. Inc.’s holdings in Amazon.com were worth $1,632,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AMZN. OLD Second National Bank of Aurora increased its stake in shares of 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 in the last quarter. Arcadia Investment Management Corp MI increased its stake in shares of 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 in the last quarter. First PREMIER Bank increased its stake in shares of Amazon.com by 8.5% in the first quarter. First PREMIER Bank now owns 191 shares of the e-commerce giant’s stock valued at $169,000 after buying an additional 15 shares in the last quarter. Feltz Wealth PLAN Inc. bought a new stake in shares of Amazon.com during the first quarter valued at about $180,000. Finally, Tompkins Financial Corp increased its stake in shares of Amazon.com by 94.4% in the first quarter. Tompkins Financial Corp now owns 315 shares of the e-commerce giant’s stock valued at $187,000 after buying an additional 153 shares in the last quarter. 60.79% of the stock is owned by institutional investors.

Shares of Amazon.com, Inc. (AMZN) traded up 0.40% during mid-day trading on Monday, reaching $949.07. 1,029,940 shares of the company’s stock were exchanged. 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 capitalization of $455.91 billion, a P/E ratio of 241.37 and a beta of 1.48. The stock has a 50-day moving average of $993.73 and a 200 day moving average of $935.81.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. During the same quarter last year, the business posted $1.78 earnings per share. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. On average, analysts forecast that Amazon.com, Inc. will post $3.82 EPS for the current fiscal year.

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A number of research analysts recently weighed in on AMZN shares. Robert W. Baird reaffirmed an “outperform” rating and issued a $850.00 target price on shares of Amazon.com in a research report on Monday, May 1st. Cowen and Company reaffirmed an “outperform” rating and issued a $1,125.00 target price on shares of Amazon.com in a research report on Thursday, August 10th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Amazon.com in a research report on Tuesday, May 2nd. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, May 1st. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, June 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company. Amazon.com has an average rating of “Buy” and a consensus price target of $1,080.08.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $1,011.06, for a total value of $2,022,120.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $10,110,600. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Tom A. Alberg sold 800 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $1,000.00, for a total value of $800,000.00. Following the completion of the sale, 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. Over the last quarter, insiders sold 15,263 shares of company stock valued at $15,094,906. 17.70% of the stock is currently owned by company 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.

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

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