Columbia Asset Management Sells 3,916 Shares of Amazon.com, Inc. $AMZN

Columbia Asset Management lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 80,573 shares of the e-commerce giant’s stock after selling 3,916 shares during the period. Amazon.com makes up approximately 3.3% of Columbia Asset Management’s investment portfolio, making the stock its 4th largest position. Columbia Asset Management’s holdings in Amazon.com were worth $19,204,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. lifted its position in shares of Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after purchasing an additional 8,913,959 shares in the last quarter. State Street Corp grew its holdings in shares of Amazon.com by 1.8% in the fourth quarter. State Street Corp now owns 388,653,121 shares of the e-commerce giant’s stock valued at $89,708,913,000 after purchasing an additional 6,971,680 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Amazon.com by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 225,120,994 shares of the e-commerce giant’s stock valued at $51,753,622,000 after purchasing an additional 2,479,324 shares in the last quarter. Norges Bank purchased a new stake in Amazon.com during the 4th quarter worth approximately $32,868,735,000. Finally, Auto Owners Insurance Co grew its stake in Amazon.com by 27,376.7% during the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock worth $2,272,397,000 after purchasing an additional 98,090,585 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com makes up approximately 3.3% of Columbia Asset Management’s investment portfolio, making the stock its 4th largest position. Columbia Asset Management’s holdings in Amazon.com were worth $19,204,000 at the end of the most recent reporting period.

Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The business’s 50-day moving average price is $251.62 and its 200 day moving average price is $240.45. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The business had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. During the same quarter in the previous year, the company posted $1.68 earnings per share. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. On average, equities research analysts expect that Amazon.com, Inc. will post 8.05 earnings per share for the current year.

CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the completion of the transaction, the chief executive officer directly owned 2,235,766 shares of the company’s stock, valued at $579,085,751.66. This represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.