Hosking Partners LLP reduced its stake in Amazon.com, Inc. (NASDAQ: AMZN – Get 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: AMZN – Get 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
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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