Amazon.com, Inc. (NASDAQ:AMZN) Position Trimmed by International Assets Investment Management LLC

Posted by Defense World Staff on Apr 13th, 2023

International Assets Investment Management LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 84.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,481 shares of the e-commerce giant’s stock after selling 111,259 shares during the quarter. International Assets Investment Management LLC’s holdings in Amazon.com were worth $1,457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Vanguard Group Inc. increased its holdings in shares of Amazon.com by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after purchasing an additional 12,456,995 shares during the period. State Street Corp grew its holdings in shares of Amazon.com by 1.0% in the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after purchasing an additional 3,121,516 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the last quarter. FMR LLC boosted its holdings in shares of Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after acquiring an additional 270,931,640 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Amazon.com by 1,867.0% in the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after buying an additional 90,167,792 shares during the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Insider Activity

In related news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the transaction, the chief executive officer now owns 560,298 shares in the company, valued at $52,555,952.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the transaction, the chief executive officer now owns 560,298 shares in the company, valued at approximately $52,555,952.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Adam Selipsky sold 5,100 shares of the stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the transaction, the chief executive officer now owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,193 shares of company stock worth $7,685,143. 12.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Down 2.1 %

Shares of NASDAQ AMZN opened at $97.83 on Thursday. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $158.65. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $1.00 trillion, a PE ratio of -365.02, a price-to-earnings-growth ratio of 4.22 and a beta of 1.26. The firm’s 50-day moving average is $98.33 and its 200-day moving average is $98.32.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The business had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. During the same period in the prior year, the firm earned $1.39 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts expect that Amazon.com, Inc. will post 1.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AMZN. Morgan Stanley increased their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. Cowen boosted their price target on Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Wolfe Research lifted their price objective on shares of Amazon.com from $115.00 to $130.00 in a report on Friday, February 3rd. Rosenblatt Securities increased their price objective on Amazon.com from $103.00 to $106.00 and gave the company a “neutral” rating in a report on Friday, February 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 target price on shares of Amazon.com in a report on Wednesday, April 5th. Three research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $144.64.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.