Oakbrook Investments LLC Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Oakbrook Investments LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,929 shares of the e-commerce giant’s stock after selling 675 shares during the period. Amazon.com makes up about 1.9% of Oakbrook Investments LLC’s investment portfolio, making the stock its 14th largest holding. Oakbrook Investments LLC’s holdings in Amazon.com were worth $33,909,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Neville Rodie & Shaw Inc. raised its position in Amazon.com by 30.2% during the second quarter. Neville Rodie & Shaw Inc. now owns 1,624 shares of the e-commerce giant’s stock valued at $2,761,000 after acquiring an additional 377 shares in the last quarter. Cibc Bank USA raised its position in Amazon.com by 2.9% during the second quarter. Cibc Bank USA now owns 3,758 shares of the e-commerce giant’s stock valued at $6,388,000 after acquiring an additional 106 shares in the last quarter. Norman Fields Gottscho Capital Management LLC bought a new position in Amazon.com during the second quarter valued at approximately $223,000. Gulf International Bank UK Ltd raised its position in Amazon.com by 2.5% during the second quarter. Gulf International Bank UK Ltd now owns 132,296 shares of the e-commerce giant’s stock valued at $224,876,000 after acquiring an additional 3,198 shares in the last quarter. Finally, Indiana Trust & Investment Management CO bought a new position in Amazon.com during the second quarter valued at approximately $214,000. Institutional investors and hedge funds own 55.72% of the company’s stock.

Shares of AMZN traded down $92.50 during mid-day trading on Friday, reaching $1,626.23. 11,488,347 shares of the company were exchanged, compared to its average volume of 6,613,679. Amazon.com, Inc. has a 52 week low of $1,265.93 and a 52 week high of $2,050.50. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.08 and a quick ratio of 0.80. The company has a market capitalization of $816.79 billion, a price-to-earnings ratio of 357.41, a price-to-earnings-growth ratio of 2.36 and a beta of 1.66.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.55 by $0.49. The company had revenue of $72.38 billion during the quarter, compared to the consensus estimate of $71.73 billion. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. During the same period last year, the company earned $2.16 earnings per share. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 19.7 EPS for the current year.

In other Amazon.com news, VP Shelley Reynolds sold 437 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $1,573.11, for a total value of $687,449.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel P. Huttenlocher sold 181 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $1,579.89, for a total value of $285,960.09. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,503 shares of company stock valued at $8,552,040. 16.30% of the stock is currently owned by corporate insiders.

Several equities analysts recently weighed in on AMZN shares. JMP Securities reaffirmed a “buy” rating and set a $2,075.00 price objective on shares of Amazon.com in a research report on Friday, October 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a $2,525.00 price objective on shares of Amazon.com in a research report on Friday, October 12th. Morningstar restated a “buy” rating on shares of Amazon.com in a research note on Thursday, October 11th. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, October 8th. Finally, Macquarie reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, October 8th. Four investment analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $2,098.70.

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About Amazon.com

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) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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

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