International Assets Investment Management LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 6.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 135,525 shares of the e-commerce giant’s stock after selling 9,817 shares during the quarter. Amazon.com makes up about 2.4% of International Assets Investment Management LLC’s investment portfolio, making the stock its 6th largest holding. International Assets Investment Management LLC’s holdings in Amazon.com were worth $17,667,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in AMZN. Kavar Capital Partners Group LLC increased its holdings in shares of Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares during the period. IFM Investors Pty Ltd grew its holdings in Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after acquiring an additional 13,060 shares during the period. Ironwood Wealth Management LLC. grew its holdings in Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after acquiring an additional 15 shares during the period. Markel Corp grew its holdings in Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after acquiring an additional 550 shares during the period. Finally, Leelyn Smith LLC grew its holdings in Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after acquiring an additional 540 shares during the period. 57.96% of the stock is currently owned by institutional investors.
Amazon.com Stock Performance
AMZN opened at $129.79 on Friday. The stock has a market cap of $1.34 trillion, a PE ratio of 102.20, a P/E/G ratio of 1.70 and a beta of 1.24. 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, Inc. has a 1 year low of $81.43 and a 1 year high of $145.86. The stock’s 50 day simple moving average is $134.44 and its 200-day simple moving average is $123.80.
Insider Activity at Amazon.com
In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $129.48, for a total value of $64,740.00. Following the sale, the chief executive officer now owns 149,780 shares of the company’s stock, valued at approximately $19,393,514.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $129.48, for a total value of $64,740.00. Following the transaction, the chief executive officer now owns 149,780 shares of the company’s stock, valued at $19,393,514.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the business’s 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 completion of the transaction, the insider now directly owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,408,645 shares of company stock valued at $55,207,763 in the last 90 days. 12.70% of the stock is owned by corporate insiders.
Analyst Ratings Changes
AMZN has been the topic of a number of research analyst reports. Mizuho reaffirmed a “buy” rating and set a $180.00 target price on shares of Amazon.com in a report on Wednesday, September 27th. Needham & Company LLC reissued a “buy” rating and issued a $160.00 price target on shares of Amazon.com in a research note on Thursday, September 28th. JPMorgan Chase & Co. lifted their price target on Amazon.com from $145.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, August 4th. Bank of America reissued a “buy” rating and issued a $174.00 price target on shares of Amazon.com in a research note on Tuesday, September 26th. Finally, Redburn Partners lifted their price target on Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. Two analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $161.94.
Read Our Latest Report on AMZN
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.
Read More
- Five stocks we like better than Amazon.com
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- What BlackRock’s Earnings Tell You About The Stock Market Tide
- Industrial Products Stocks Investing
- Sociedad Quimica y Minera de Chile Well Positioned Lithium Stock
- What is the Australian Securities Exchange (ASX)
- SMART Global Holdings Now Positioned for Upside
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
