Hosking Partners LLP removes position in Amazon.com, Inc. (NASDAQ:AMZN)


Hosking Partners LLP reduced its stake in Amazon.com, Inc. (NASDAQ: AMZNGet a rating) by 2.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor held 63,082 shares of the e-commerce giant after selling 1,405 shares during the quarter. Amazon.com represents approximately 5.3% of Hosking Partners LLP’s investment portfolio, making it its second largest holding. Hosking Partners LLP’s holdings in Amazon.com were worth $205,644,000 at the end of the last quarter.

A number of other institutional investors also changed their positions in AMZN. State Street Corp increased its position in Amazon.com by 4.3% during the fourth quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant worth $56,755,855,000 after acquiring an additional 698,970 shares last quarter. Geode Capital Management LLC increased its equity stake in Amazon.com by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 7,193,360 shares of the e-commerce giant valued at $23,917,115,000 after buying an additional 195,716 shares in the last quarter. Capital Research Global Investors increased its holdings of Amazon.com stock 14.1% in the fourth quarter. Capital Research Global Investors now owns 4,574,546 shares of the e-commerce giant valued at $15,253,179,000 after buying an additional 564,699 shares in the last quarter. Norges Bank acquired a new stock position in Amazon.com in the fourth quarter worth $14,053,756,000. Finally, Castleview Partners LLC acquired a new stock position in Amazon.com in the fourth quarter worth $1,143,000. Institutional investors hold 72.51% of the company’s shares.

A Wall Street analyst gives his opinion

Several equity analysts have commented on AMZN shares. Cowen raised its price target on Amazon.com shares from $210.00 to $215.00 and gave the company an “outperform” rating in a Friday, July 29 report. MKM Partners reduced its price target on Amazon.com shares from $180.00 to $165.00 in a Monday, July 25 research note. Truist Financial reiterated a “buy” rating and set a price target of $175.00 on Amazon.com stock in a Friday, June 17 research note. Monness Crespi & Hardt cut their price target on Amazon.com shares from $225.00 to $185.00 and set a “buy” rating on the stock in a research note on Friday 29 april. Finally, JMP Securities raised its price target on Amazon.com shares from $172.50 to $180.00 and gave the stock a “market outperforming” rating in a Friday research note. July 29. Two analysts rated the stock with a sell rating, two issued a hold rating and thirty-seven gave the company’s stock a buy rating. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $177.99.

Insider buying and selling on Amazon.com

In other Amazon.com news, CEO David H. Clark sold 2,270 shares of the company in a transaction on Monday, May 23. The stock was sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. As a result of the transaction, the CEO now directly owns 6,695 shares of the company, valued at approximately $14,522,927.90. The sale was disclosed in an SEC filing, which is available via this hyperlink. In other Amazon.com news, CEO David H. Clark sold 2,270 shares of the company in a trade on Monday, May 23. The stock was sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. As a result of the transaction, the CEO now directly owns 6,695 shares of the company, valued at approximately $14,522,927.90. The sale was disclosed in an SEC filing, which is available via this hyperlink. Also, CFO Brian T. Olsavsky sold 761 shares of the company in a transaction on Monday, May 23. The shares were sold at an average price of $2,169.22, for a total value of $1,650,776.42. Following the transaction, the CFO now owns 2,375 shares of the company, valued at $5,151,897.50. Disclosure of this sale can be found here. In the past three months, insiders have sold 3,622 shares of the company worth $7,856,915. Company insiders own 12.70% of the company’s shares.

Amazon.com Stock Performance

NASDAQ AMZN opened at $143.18 on Tuesday. The company has a fifty-day simple moving average of $119.44 and a 200-day simple moving average of $134.19. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.11. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt ratio of 0.44. The company has a market capitalization of $1.46 trillion, a P/E ratio of 128.36, a PEG ratio of 6.54 and a beta of 1.33.

Amazon.com (NASDAQ: AMZNGet a rating) last released its quarterly results on Thursday, July 28. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 per ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The company posted revenue of $121.23 billion in the quarter, versus analyst estimates of $119.16 billion. During the same period a year earlier, the company posted EPS of $0.76. The company’s revenue for the quarter increased by 7.2% compared to the same quarter last year. Sell-side analysts expect Amazon.com, Inc. to post earnings per share of 0.97 for the current fiscal year.

Amazon.com Company Profile

(Get a rating)

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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional ownership by quarter for Amazon.com (NASDAQ:AMZN)



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