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Amazon.com, Inc. (NASDAQ:AMZN) Position Reduced by Jupiter Wealth Management LLC

Jupiter Wealth Management LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 29.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,598 shares of the e-commerce giant’s stock after selling 658 shares during the quarter. Amazon.com makes up 3.3% of Jupiter Wealth Management LLC’s portfolio, making the stock its 7th biggest holding. Jupiter Wealth Management LLC’s holdings in Amazon.com were worth $5,209,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AMZN. State Street Corp raised its holdings in shares of Amazon.com by 4.3% in the fourth quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock worth $56,755,855,000 after acquiring an additional 698,970 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Amazon.com by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 7,193,360 shares of the e-commerce giant’s stock worth $23,917,115,000 after acquiring an additional 195,716 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Amazon.com by 14.1% in the fourth quarter. Capital Research Global Investors now owns 4,574,546 shares of the e-commerce giant’s stock worth $15,253,179,000 after acquiring an additional 564,699 shares during the last quarter. Norges Bank acquired a new position in shares of Amazon.com in the fourth quarter worth $14,053,756,000. Finally, Castleview Partners LLC acquired a new position in shares of Amazon.com in the fourth quarter worth $1,143,000. 57.15% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Down 0.2 %

Shares of AMZN opened at $127.51 on Monday. The stock has a 50-day moving average price of $125.52 and a 200 day moving average price of $132.89. Amazon.com, Inc. has a one year low of $101.26 and a one year high of $188.11. The company has a market capitalization of $1.30 trillion, a P/E ratio of 114.31, a P/E/G ratio of 5.83 and a beta of 1.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The firm had revenue of $121.23 billion for the quarter, compared to analyst estimates of $119.16 billion. During the same quarter in the previous year, the company earned $0.76 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Sell-side analysts forecast that Amazon.com, Inc. will post 0.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of analyst reports. Evercore ISI cut their price target on Amazon.com from $205.00 to $180.00 and set an “outperform” rating for the company in a report on Friday, June 24th. Deutsche Bank Aktiengesellschaft dropped their target price on Amazon.com from $174.00 to $155.00 in a research note on Thursday, July 21st. StockNews.com upgraded Amazon.com from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Barclays upped their target price on Amazon.com from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. Finally, DA Davidson reiterated a “buy” rating and issued a $151.00 target price on shares of Amazon.com in a research note on Friday, August 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and thirty-seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $177.99.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,480 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $134.23, for a total transaction of $467,120.40. Following the sale, the vice president now owns 119,780 shares in the company, valued at $16,078,069.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Andrew R. Jassy sold 23,620 shares of the stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the sale, the chief executive officer now directly owns 1,892,000 shares in the company, valued at approximately $269,212,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,480 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $134.23, for a total value of $467,120.40. Following the sale, the vice president now owns 119,780 shares in the company, valued at $16,078,069.40. The disclosure for this sale can be found here. Insiders have sold 70,108 shares of company stock worth $9,736,335 over the last quarter. 12.70% of the stock is owned by corporate insiders.

About Amazon.com

(Get Rating)

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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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