Barton Investment Management Lowers Position in Amazon.com, Inc. (AMZN)

Barton Investment Management lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,826 shares of the e-commerce giant’s stock after selling 81 shares during the period. Amazon.com comprises approximately 13.8% of Barton Investment Management’s holdings, making the stock its 2nd largest position. Barton Investment Management’s holdings in Amazon.com were worth $40,882,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Amazon.com by 2.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 10,317,381 shares of the e-commerce giant’s stock valued at $8,638,846,000 after buying an additional 237,004 shares in the last quarter. BlackRock Group LTD raised its position in Amazon.com by 3.3% in the third quarter. BlackRock Group LTD now owns 3,208,709 shares of the e-commerce giant’s stock valued at $2,686,683,000 after buying an additional 102,720 shares during the last quarter. Baldwin Brothers Inc. MA raised its position in Amazon.com by 6.3% in the third quarter. Baldwin Brothers Inc. MA now owns 37,146 shares of the e-commerce giant’s stock valued at $31,103,000 after buying an additional 2,198 shares during the last quarter. Palisade Capital Management LLC NJ raised its position in Amazon.com by 9.8% in the third quarter. Palisade Capital Management LLC NJ now owns 3,259 shares of the e-commerce giant’s stock valued at $2,729,000 after buying an additional 290 shares during the last quarter. Finally, Cambridge Trust Co. raised its position in Amazon.com by 2.0% in the third quarter. Cambridge Trust Co. now owns 32,318 shares of the e-commerce giant’s stock valued at $27,060,000 after buying an additional 634 shares during the last quarter. 64.47% of the stock is owned by institutional investors.

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

Shares of Amazon.com, Inc. (NASDAQ:AMZN) opened at 795.90 on Wednesday. Amazon.com, Inc. has a 12 month low of $474.00 and a 12 month high of $847.21. The stock has a 50 day moving average of $766.15 and a 200-day moving average of $770.70. The company has a market cap of $378.18 billion, a PE ratio of 182.34 and a beta of 1.42.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.80 by $0.28. Amazon.com had a net margin of 1.64% and a return on equity of 13.47%. The company had revenue of $32.71 billion for the quarter, compared to the consensus estimate of $32.69 billion. During the same quarter last year, the business posted $0.17 earnings per share. Amazon.com’s revenue was up 29.0% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post $4.76 earnings per share for the current year.

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AMZN has been the topic of several recent research reports. Robert W. Baird restated an “outperform” rating on shares of Amazon.com in a report on Tuesday, October 18th. Wedbush reiterated an “outperform” rating and issued a $900.00 price objective on shares of Amazon.com in a report on Friday, September 30th. Evercore ISI reiterated a “buy” rating and issued a $990.00 price objective on shares of Amazon.com in a report on Monday, November 28th. Cantor Fitzgerald reiterated a “buy” rating and issued a $1,000.00 price objective on shares of Amazon.com in a report on Saturday, December 10th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Amazon.com in a report on Friday, December 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $924.85.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 4,890 shares of the firm’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $767.15, for a total transaction of $3,751,363.50. Following the transaction, the chief executive officer now directly owns 58,139 shares in the company, valued at approximately $44,601,333.85. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).

5 Day Chart for NASDAQ:AMZN

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