Ossiam reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 73.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,791 shares of the e-commerce giant’s stock after selling 19,275 shares during the quarter. Amazon.com comprises 1.0% of Ossiam’s portfolio, making the stock its 21st biggest holding. Ossiam’s holdings in Amazon.com were worth $12,860,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. Pachira Investments Inc. boosted its stake in Amazon.com by 4.3% in the 2nd quarter. Pachira Investments Inc. now owns 120 shares of the e-commerce giant’s stock valued at $227,000 after buying an additional 5 shares in the last quarter. West Oak Capital LLC raised its stake in Amazon.com by 0.3% during the second quarter. West Oak Capital LLC now owns 1,455 shares of the e-commerce giant’s stock worth $2,755,000 after acquiring an additional 5 shares in the last quarter. Dorsey Wright & Associates lifted its holdings in shares of Amazon.com by 0.4% during the second quarter. Dorsey Wright & Associates now owns 1,476 shares of the e-commerce giant’s stock valued at $2,795,000 after acquiring an additional 6 shares during the period. RDA Financial Network lifted its holdings in shares of Amazon.com by 0.8% during the second quarter. RDA Financial Network now owns 806 shares of the e-commerce giant’s stock valued at $1,574,000 after acquiring an additional 6 shares during the period. Finally, Altman Advisors Inc. boosted its stake in shares of Amazon.com by 0.3% in the 2nd quarter. Altman Advisors Inc. now owns 1,962 shares of the e-commerce giant’s stock valued at $3,715,000 after purchasing an additional 6 shares in the last quarter. 55.92% of the stock is currently owned by institutional investors.
In related news, CEO Jeffrey A. Wilke sold 3,475 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,773.99, for a total value of $6,164,615.25. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $17,739,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 7,308 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the sale, the chief executive officer now directly owns 92,614 shares in the company, valued at $185,228,000. The disclosure for this sale can be found here. Insiders sold 27,714 shares of company stock worth $51,174,807 over the last 90 days. 16.10% of the stock is currently owned by company insiders.
Several equities research analysts have recently weighed in on AMZN shares. William Blair reaffirmed an “outperform” rating on shares of Amazon.com in a report on Friday, July 26th. Wedbush reissued a “buy” rating and set a $2,350.00 price target on shares of Amazon.com in a report on Monday, July 22nd. KeyCorp restated an “overweight” rating and issued a $2,200.00 price target (up from $2,100.00) on shares of Amazon.com in a research report on Monday, July 22nd. Monness Crespi & Hardt set a $2,300.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $2,300.00 price objective on shares of Amazon.com in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $2,259.84.
AMZN stock traded up $5.75 during midday trading on Wednesday, reaching $1,826.30. The stock had a trading volume of 761,096 shares, compared to its average volume of 2,993,507. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a twelve month low of $1,307.00 and a twelve month high of $2,035.80. The firm has a market cap of $905.89 billion, a price-to-earnings ratio of 90.68, a PEG ratio of 2.37 and a beta of 1.57. The business has a fifty day simple moving average of $1,823.48 and a two-hundred day simple moving average of $1,835.08.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.29 by ($0.07). Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The business had revenue of $63.40 billion during the quarter, compared to the consensus estimate of $62.59 billion. During the same period last year, the business posted $5.07 EPS. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 24.01 earnings per share for the current fiscal year.
Amazon.com Company 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 third-party sellers through physical stores and online stores.
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