Brooktree Capital Management reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 79.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,160 shares of the e-commerce giant’s stock after selling 15,818 shares during the quarter. Amazon.com makes up approximately 0.3% of Brooktree Capital Management’s investment portfolio, making the stock its 25th largest position. Brooktree Capital Management’s holdings in Amazon.com were worth $430,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in AMZN. State Street Corp grew its holdings in Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after buying an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Amazon.com by 1,838.8% during 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 period. FMR LLC grew its holdings in shares of Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in shares of Amazon.com by 120,235.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock worth $9,784,345,000 after purchasing an additional 116,383,502 shares during the period. Finally, Norges Bank purchased a new position in shares of Amazon.com during the 4th quarter worth $8,263,591,000. 56.67% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Amazon.com
In related news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $133.87, for a total value of $414,997.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $16,034,948.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $16,034,948.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total value of $22,951,500.00. Following the transaction, the insider now directly owns 12,741,445 shares of the company’s stock, valued at $248,458,177.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,366,329 shares of company stock worth $48,990,512 over the last three months. 12.30% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on AMZN
Amazon.com Trading Up 1.1 %
Shares of AMZN stock opened at $133.26 on Friday. The business’s 50 day moving average is $132.03 and its two-hundred day moving average is $114.78. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $143.63. The company has a market capitalization of $1.37 trillion, a P/E ratio of 104.93, a price-to-earnings-growth ratio of 1.79 and a beta of 1.26. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The company had revenue of $134.38 billion for the quarter, compared to the consensus estimate of $131.54 billion. Equities analysts forecast that Amazon.com, Inc. will post 2.23 EPS for the current year.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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