Amazon.com, Inc. (AMZN) Shares Sold by SeaTown Holdings Pte. Ltd.

SeaTown Holdings Pte. Ltd. lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 53.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 35,601 shares of the e-commerce giant’s stock after selling 40,100 shares during the quarter. Amazon.com comprises about 6.9% of SeaTown Holdings Pte. Ltd.’s holdings, making the stock its largest position. SeaTown Holdings Pte. Ltd.’s holdings in Amazon.com were worth $60,515,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Summit Trail Advisors LLC grew its stake in Amazon.com by 180,406.1% during the 1st quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after purchasing an additional 9,842,959 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in Amazon.com by 198,956.6% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock valued at $1,949,000 after purchasing an additional 3,338,491 shares in the last quarter. Fisher Asset Management LLC grew its stake in Amazon.com by 3.3% during the 1st quarter. Fisher Asset Management LLC now owns 1,853,073 shares of the e-commerce giant’s stock valued at $2,682,027,000 after purchasing an additional 59,516 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Amazon.com by 4.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,519,232 shares of the e-commerce giant’s stock valued at $2,582,390,000 after purchasing an additional 69,312 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Amazon.com by 4.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,431,303 shares of the e-commerce giant’s stock valued at $2,071,583,000 after purchasing an additional 58,070 shares in the last quarter. Institutional investors and hedge funds own 56.73% of the company’s stock.

A number of equities research analysts have weighed in on AMZN shares. Royal Bank of Canada restated a “$1,842.92” rating on shares of Amazon.com in a research note on Wednesday, July 18th. JPMorgan Chase & Co. restated a “buy” rating on shares of Amazon.com in a research note on Thursday, July 19th. Morgan Stanley restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, July 17th. Credit Suisse Group restated a “buy” rating and set a $2,000.00 price objective (up previously from $1,950.00) on shares of Amazon.com in a research note on Monday, July 16th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a research note on Monday, July 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $2,091.53.

In related news, CEO Andrew R. Jassy sold 1,726 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 88,801 shares of the company’s stock, valued at approximately $168,721,900. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 2,028 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $1,909.55, for a total value of $3,872,567.40. Following the completion of the sale, the chief financial officer now directly owns 1,781 shares in the company, valued at approximately $3,400,908.55. The disclosure for this sale can be found here. In the last three months, insiders sold 37,272 shares of company stock worth $66,675,598. Company insiders own 16.30% of the company’s stock.

Shares of NASDAQ AMZN opened at $1,665.53 on Friday. The company has a market capitalization of $748.33 billion, a P/E ratio of 366.05, a P/E/G ratio of 2.95 and a beta of 1.58. Amazon.com, Inc. has a 12-month low of $1,086.87 and a 12-month high of $2,050.50. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.80 and a current ratio of 1.08.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.29 by $2.46. The business had revenue of $56.58 billion for the quarter, compared to the consensus estimate of $57.05 billion. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. On average, research analysts forecast that Amazon.com, Inc. will post 19.19 earnings per share for the current year.

Amazon.com 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) 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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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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