Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Fairview Capital Investment Management LLC

Fairview Capital Investment Management LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 197,825 shares of the e-commerce giant’s stock after selling 8,880 shares during the quarter. Amazon.com makes up about 1.6% of Fairview Capital Investment Management LLC’s investment portfolio, making the stock its 18th largest holding. Fairview Capital Investment Management LLC’s holdings in Amazon.com were worth $22,354,000 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. State Street Corp lifted its stake in Amazon.com by 1,869.1% in the second 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 during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Amazon.com by 1,838.8% in the second 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 buying an additional 295,880,050 shares during the last quarter. FMR LLC lifted its stake in Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after buying an additional 270,931,640 shares during the last quarter. Northern Trust Corp raised its stake in shares of Amazon.com by 1,867.0% during 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 purchasing an additional 90,167,792 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Amazon.com by 1,944.4% during the second 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 in the last quarter. 57.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The disclosure for this sale can be found here. Insiders sold 71,394 shares of company stock valued at $6,994,626 over the last 90 days. 12.70% of the stock is currently owned by company insiders.

Amazon.com Trading Up 1.9 %

NASDAQ:AMZN opened at $92.43 on Tuesday. The company has a market capitalization of $947.15 billion, a P/E ratio of -344.88, a P/E/G ratio of 3.74 and a beta of 1.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. The stock’s 50 day moving average price is $96.01 and its 200 day moving average price is $102.24. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $170.83.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $149.20 billion for the quarter, compared to the consensus estimate of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 EPS. On average, research analysts forecast that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. JMP Securities restated a “market outperform” rating and set a $140.00 price objective on shares of Amazon.com in a research note on Friday, February 3rd. Robert W. Baird lifted their price objective on shares of Amazon.com from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Wedbush cut their price objective on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, February 3rd. Truist Financial cut their price objective on shares of Amazon.com from $160.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, February 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $120.00 price objective on shares of Amazon.com in a research note on Friday, February 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $144.87.

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.

See Also

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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