Atlantic Union Bankshares Corp lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,074 shares of the e-commerce giant's stock after selling 6,079 shares during the period. Amazon.com comprises about 1.6% of Atlantic Union Bankshares Corp's portfolio, making the stock its 11th largest holding. Atlantic Union Bankshares Corp's holdings in Amazon.com were worth $13,681,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Bellecapital International Ltd. boosted its stake in shares of Amazon.com by 1,993.8% during the second quarter. Bellecapital International Ltd. now owns 70,644 shares of the e-commerce giant's stock worth $7,503,000 after buying an additional 67,270 shares during the period. Bouchey Financial Group Ltd grew its stake in Amazon.com by 2,027.5% in the 2nd quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant's stock worth $17,028,000 after acquiring an additional 152,790 shares during the period. Gulf International Bank UK Ltd grew its stake in Amazon.com by 1.0% in the 3rd quarter. Gulf International Bank UK Ltd now owns 1,526,940 shares of the e-commerce giant's stock worth $172,544,000 after acquiring an additional 15,640 shares during the period. Ervin Investment Management LLC grew its stake in Amazon.com by 1,900.0% in the 2nd quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant's stock worth $320,000 after acquiring an additional 2,793 shares during the period. Finally, Csenge Advisory Group grew its stake in Amazon.com by 2,077.0% in the 2nd quarter. Csenge Advisory Group now owns 68,119 shares of the e-commerce giant's stock worth $7,235,000 after acquiring an additional 64,990 shares during the period. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 345 shares of the company's stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the sale, the chief executive officer now directly owns 112,795 shares of the company's stock, valued at approximately $11,505,090. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Adam Selipsky sold 345 shares of the company's stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the sale, the chief executive officer now directly owns 112,795 shares of the company's stock, valued at approximately $11,505,090. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 15,787 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the sale, the chief executive officer now directly owns 522,251 shares of the company's stock, valued at $53,844,078.10. The disclosure for this sale can be found here. In the last three months, insiders sold 52,428 shares of company stock valued at $5,077,578. Company insiders own 12.70% of the company's stock.

Wall Street Analyst Weigh In

Amazon.com Trading Down 0.6 %

Shares of NASDAQ:AMZN opened at $95.46 on Thursday. The company has a 50 day moving average of $90.67 and a 200-day moving average of $110.59. The firm has a market cap of $973.85 billion, a P/E ratio of 87.62, a P/E/G ratio of 3.09 and a beta of 1.22. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.02). The company had revenue of $127.10 billion during the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The company's revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 earnings per share. As a group, analysts anticipate that Amazon.com, Inc. will post 0.68 earnings per share for the current fiscal year.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as and .

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