Cypress Asset Management Inc. TX Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Cypress Asset Management Inc. TX cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,475 shares of the e-commerce giant’s stock after selling 75 shares during the period. Cypress Asset Management Inc. TX’s holdings in Amazon.com were worth $1,428,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp lifted its position in Amazon.com by 1.1% during the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock worth $14,667,392,000 after purchasing an additional 186,756 shares during the period. Fisher Asset Management LLC lifted its position in Amazon.com by 1.1% during the first quarter. Fisher Asset Management LLC now owns 2,024,756 shares of the e-commerce giant’s stock worth $1,795,028,000 after purchasing an additional 22,032 shares during the period. American Century Companies Inc. lifted its position in Amazon.com by 0.5% during the first quarter. American Century Companies Inc. now owns 1,647,564 shares of the e-commerce giant’s stock worth $1,460,631,000 after purchasing an additional 8,704 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Amazon.com by 2.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,264,887 shares of the e-commerce giant’s stock worth $1,121,373,000 after purchasing an additional 29,920 shares during the period. Finally, Clearbridge Investments LLC lifted its position in Amazon.com by 11.9% during the first quarter. Clearbridge Investments LLC now owns 883,531 shares of the e-commerce giant’s stock worth $783,286,000 after purchasing an additional 93,757 shares during the period. 60.80% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently commented on AMZN. Loop Capital began coverage on shares of Amazon.com in a report on Tuesday. They issued a “buy” rating and a $1,200.00 target price for the company. Barclays PLC reissued an “overweight” rating and issued a $1,150.00 target price on shares of Amazon.com in a report on Tuesday. Royal Bank Of Canada set a $1,100.00 target price on shares of Amazon.com and gave the stock a “buy” rating in a report on Monday. MKM Partners reissued a “buy” rating and issued a $1,275.00 target price on shares of Amazon.com in a report on Thursday, September 7th. Finally, DA Davidson began coverage on shares of Amazon.com in a report on Wednesday, September 6th. They issued a “buy” rating and a $1,300.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-six have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $1,094.66.

Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.31% during mid-day trading on Friday, hitting $989.09. The company had a trading volume of 2,562,225 shares. The company has a 50-day moving average price of $977.31 and a 200 day moving average price of $948.39. Amazon.com, Inc. has a 12 month low of $710.10 and a 12 month high of $1,083.31. The firm has a market capitalization of $475.14 billion, a P/E ratio of 251.55 and a beta of 1.47.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($1.00). The business had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.78 EPS. Equities analysts forecast that Amazon.com, Inc. will post $3.89 EPS for the current fiscal year.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,552,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 544 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total value of $536,666.88. Following the sale, the vice president now owns 6,533 shares of the company’s stock, valued at $6,444,935.16. The disclosure for this sale can be found here. Insiders sold a total of 9,793 shares of company stock valued at $9,574,377 in the last ninety days. 17.70% of the stock is currently owned by insiders.

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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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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

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