Slow Capital Inc. Has $12.41 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Slow Capital Inc. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,862 shares of the e-commerce giant’s stock after selling 1,439 shares during the period. Amazon.com comprises about 2.7% of Slow Capital Inc.’s holdings, making the stock its 7th largest holding. Slow Capital Inc.’s holdings in Amazon.com were worth $12,414,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp raised its position in Amazon.com by 1,869.1% during 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 purchasing an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in 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 valued at $33,134,481,000 after purchasing an additional 295,880,050 shares during the last quarter. FMR LLC raised its position in 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 valued at $30,381,089,000 after purchasing an additional 270,931,640 shares during the last quarter. Northern Trust Corp raised its position in Amazon.com by 1,867.0% during the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after purchasing an additional 90,167,792 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Amazon.com by 1,944.4% during the 2nd quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock valued at $6,370,223,000 after purchasing an additional 57,043,701 shares during the last quarter. Institutional investors own 57.64% of the company’s stock.

Amazon.com Trading Down 1.2 %

Shares of Amazon.com stock opened at $96.32 on Wednesday. The firm has a market cap of $982.62 billion, a price-to-earnings ratio of 88.41, a PEG ratio of 3.06 and a beta of 1.22. The business has a 50-day moving average price of $90.65 and a 200-day moving average price of $109.96. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $127.10 billion for the quarter, compared to analysts’ expectations of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 0.68 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on AMZN. Citigroup lowered their price target on Amazon.com from $185.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Telsey Advisory Group reduced their target price on Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday. Evercore ISI reduced their target price on Amazon.com from $170.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, December 19th. Raymond James reduced their target price on Amazon.com from $164.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Finally, Atlantic Securities reduced their target price on Amazon.com from $160.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.56.

Insider Activity

In other news, CEO Douglas J. Herrington sold 15,787 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the completion of the transaction, the chief executive officer now owns 522,251 shares in the company, valued at $53,844,078.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Brian T. Olsavsky sold 15,240 shares of Amazon.com stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $1,432,560.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $4,606,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 15,787 shares of Amazon.com stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value of $1,627,639.70. Following the completion of the transaction, the chief executive officer now owns 522,251 shares of the company’s stock, valued at approximately $53,844,078.10. The disclosure for this sale can be found here. Insiders sold a total of 52,428 shares of company stock worth $5,077,578 over the last 90 days. Corporate insiders own 12.70% of the company’s stock.

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 business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.