First Pacific Advisors LP Reduces Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

First Pacific Advisors LP lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,750 shares of the e-commerce giant’s stock after selling 45 shares during the quarter. First Pacific Advisors LP’s holdings in Amazon.com were worth $6,020,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. MRJ Capital Inc. purchased a new stake in Amazon.com during the 1st quarter worth about $49,000. Cowa LLC increased its position in Amazon.com by 100.0% during the 1st quarter. Cowa LLC now owns 20 shares of the e-commerce giant’s stock worth $68,000 after purchasing an additional 10 shares in the last quarter. Laurel Wealth Planning LLC increased its position in Amazon.com by 57.1% during the 2nd quarter. Laurel Wealth Planning LLC now owns 22 shares of the e-commerce giant’s stock worth $76,000 after purchasing an additional 8 shares in the last quarter. Newfound Research LLC increased its position in Amazon.com by 62.5% during the 2nd quarter. Newfound Research LLC now owns 26 shares of the e-commerce giant’s stock worth $89,000 after purchasing an additional 10 shares in the last quarter. Finally, Horan Securities Inc. increased its position in Amazon.com by 125.0% during the 2nd quarter. Horan Securities Inc. now owns 27 shares of the e-commerce giant’s stock worth $92,000 after purchasing an additional 15 shares in the last quarter. Institutional investors and hedge funds own 57.67% of the company’s stock.

AMZN has been the topic of a number of research analyst reports. Oppenheimer decreased their price target on Amazon.com from $4,400.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday, July 30th. Wedbush reissued a “buy” rating and issued a $4,300.00 price target on shares of Amazon.com in a research note on Monday, July 26th. Benchmark decreased their price target on Amazon.com from $4,400.00 to $4,200.00 and set a “buy” rating on the stock in a research note on Friday, July 30th. Evercore ISI raised their price target on Amazon.com from $4,200.00 to $4,700.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Morgan Stanley decreased their price target on Amazon.com from $4,500.00 to $4,300.00 and set an “overweight” rating on the stock in a research note on Friday, July 30th. One analyst has rated the stock with a hold rating and forty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $4,151.30.

AMZN stock opened at $3,450.00 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.20 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a 52-week low of $2,871.00 and a 52-week high of $3,773.08. The stock’s 50 day moving average is $3,459.88 and its two-hundred day moving average is $3,334.44. The company has a market capitalization of $1.75 trillion, a PE ratio of 60.14, a P/E/G ratio of 2.41 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Wednesday, July 28th. The e-commerce giant reported $15.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.22 by $2.90. Amazon.com had a return on equity of 29.86% and a net margin of 6.64%. The company had revenue of $113.08 billion for the quarter, compared to the consensus estimate of $115.08 billion. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 52.18 EPS for the current year.

In other news, SVP David Zapolsky sold 954 shares of the business’s stock in a transaction that occurred on Monday, August 16th. The stock was sold at an average price of $3,283.00, for a total value of $3,131,982.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 1,356 shares of the company’s stock in a transaction on Monday, August 16th. The stock was sold at an average price of $3,283.00, for a total value of $4,451,748.00. Following the transaction, the chief executive officer now owns 3,082 shares of the company’s stock, valued at $10,118,206. The disclosure for this sale can be found here. Insiders sold a total of 4,463 shares of company stock valued at $14,784,642 over the last quarter. Company insiders own 14.00% of the company’s stock.

About Amazon.com

Amazon.com, Inc 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 America-focused websites such as www.amazon.com and www.amazon.ca.

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

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