Bellevue Asset Management LLC Sells 2,243 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bellevue Asset Management LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,957 shares of the e-commerce giant's stock after selling 2,243 shares during the quarter. Amazon.com accounts for approximately 2.2% of Bellevue Asset Management LLC's holdings, making the stock its 10th biggest holding. Bellevue Asset Management LLC's holdings in Amazon.com were worth $3,987,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Amazon.com in the 4th quarter worth about $27,266,582,000. GAMMA Investing LLC boosted its stake in Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares in the last quarter. Capital World Investors boosted its stake in Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. boosted its stake in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares in the last quarter. Finally, Capital International Investors boosted its stake in Amazon.com by 26.5% in the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after purchasing an additional 12,000,745 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 7.7%

NASDAQ:AMZN traded down $18.04 during trading hours on Friday, hitting $216.07. The company had a trading volume of 65,807,773 shares, compared to its average volume of 44,434,758. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average of $217.93 and a 200 day moving average of $209.23. The company has a market cap of $2.29 trillion, a P/E ratio of 35.17, a P/E/G ratio of 1.71 and a beta of 1.33. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company's revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.26 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of analyst reports. Tigress Financial upped their price target on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. UBS Group reiterated a "buy" rating and issued a $271.00 price target (up previously from $249.00) on shares of Amazon.com in a research note on Monday. Wells Fargo & Company upped their price target on shares of Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Morgan Stanley restated an "overweight" rating on shares of Amazon.com in a research note on Monday. Finally, BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Three research analysts have rated the stock with a hold rating, forty-six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $260.65.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 25,099,537 shares of company stock worth $5,674,394,548. Company insiders own 9.70% of the company's stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.