Wrapmanager Inc. Lowers Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Wrapmanager Inc. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,634 shares of the e-commerce giant’s stock after selling 219 shares during the quarter. Amazon.com comprises approximately 2.3% of Wrapmanager Inc.’s investment portfolio, making the stock its 6th biggest position. Wrapmanager Inc.’s holdings in Amazon.com were worth $7,693,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Amazon.com by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after acquiring an additional 32,038,029 shares in the last quarter. FMR LLC lifted its position in shares of Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after acquiring an additional 21,649,871 shares in the last quarter. Northern Trust Corp raised its position in shares of Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock worth $11,736,905,000 after buying an additional 3,260,411 shares in the last quarter. Jennison Associates LLC raised its position in shares of Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after buying an additional 1,389,503 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Amazon.com by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock valued at $7,888,870,000 after purchasing an additional 1,525,922 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 50,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction of $9,000,000.00. Following the transaction, the chief executive officer now directly owns 1,994,182 shares in the company, valued at $358,952,760. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Jonathan Rubinstein sold 5,264 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the completion of the sale, the director now owns 104,400 shares of the company’s stock, valued at $19,836,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 50,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction of $9,000,000.00. Following the sale, the chief executive officer now directly owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The disclosure for this sale can be found here. Insiders have sold 117,894 shares of company stock worth $21,363,909 in the last three months. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $179.32 on Friday. The company has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 50.23, a PEG ratio of 1.30 and a beta of 1.15. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $191.70. The firm’s 50-day moving average is $182.39 and its 200 day moving average is $167.14. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS. Research analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent research reports. Loop Capital raised their price objective on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Morgan Stanley lifted their target price on shares of Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Raymond James boosted their price objective on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 1st. Tigress Financial boosted their price objective on shares of Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Susquehanna boosted their price objective on shares of Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $212.40.

Check Out Our Latest Stock Analysis on Amazon.com

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

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

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