DT Investment Partners LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 61.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 138 shares of the e-commerce giant’s stock after selling 217 shares during the quarter. DT Investment Partners LLC’s holdings in Amazon.com were worth $235,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in AMZN. HC Financial Advisors Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth $315,000. Archford Capital Strategies LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $229,000. Banco de Sabadell S.A acquired a new stake in shares of Amazon.com during the fourth quarter worth $3,688,000. Slow Capital Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth $5,136,000. Finally, Alkeon Capital Management LLC raised its position in shares of Amazon.com by 95.2% during the fourth quarter. Alkeon Capital Management LLC now owns 226,917 shares of the e-commerce giant’s stock worth $265,373,000 after purchasing an additional 110,691 shares during the period. 57.36% of the stock is currently owned by institutional investors and hedge funds.
In other Amazon.com news, Director Thomas O. Ryder sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $1,783.81, for a total value of $8,919,050.00. Following the completion of the sale, the director now owns 10,752 shares of the company’s stock, valued at $19,179,525.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 1,726 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $1,900.00, for a total value of $3,279,400.00. Following the completion of the sale, the chief executive officer now directly owns 88,801 shares of the company’s stock, valued at approximately $168,721,900. The disclosure for this sale can be found here. Insiders sold 25,308 shares of company stock valued at $47,905,498 in the last ninety days. Insiders own 16.30% of the company’s stock.
A number of research analysts have recently weighed in on AMZN shares. BidaskClub upgraded Amazon.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 16th. Stifel Nicolaus reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, June 21st. JMP Securities reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, June 21st. Macquarie reiterated a “buy” rating on shares of Amazon.com in a report on Friday, June 22nd. Finally, Zacks Investment Research downgraded Amazon.com from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. Four research analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company’s stock. Amazon.com presently has a consensus rating of “Buy” and an average target price of $2,005.64.
Shares of NASDAQ AMZN opened at $1,788.61 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70. Amazon.com, Inc. has a one year low of $962.50 and a one year high of $2,050.50. The stock has a market capitalization of $976.95 billion, a price-to-earnings ratio of 393.10, a PEG ratio of 4.17 and a beta of 1.58.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $2.58. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The company had revenue of $52.89 billion during the quarter, compared to analysts’ expectations of $53.37 billion. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The business’s quarterly revenue was up 39.3% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com, Inc. will post 17.78 EPS for the current fiscal year.
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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