Amazon.com, Inc. (NASDAQ:AMZN) is Deltec Asset Management LLC’s 2nd Largest Position

Deltec Asset Management LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 191,824 shares of the e-commerce giant’s stock after selling 3,871 shares during the quarter. Amazon.com accounts for approximately 7.1% of Deltec Asset Management LLC’s holdings, making the stock its 2nd biggest holding. Deltec Asset Management LLC’s holdings in Amazon.com were worth $37,070,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in AMZN. International Assets Investment Management LLC increased its holdings in Amazon.com by 6.2% during the 4th quarter. International Assets Investment Management LLC now owns 157,070 shares of the e-commerce giant’s stock worth $23,865,000 after purchasing an additional 9,108 shares during the last quarter. RPG Investment Advisory LLC grew its position in shares of Amazon.com by 1.7% in the 4th quarter. RPG Investment Advisory LLC now owns 99,055 shares of the e-commerce giant’s stock worth $15,050,000 after acquiring an additional 1,701 shares in the last quarter. Harvey Capital Management Inc. grew its position in shares of Amazon.com by 9.6% in the 4th quarter. Harvey Capital Management Inc. now owns 131,678 shares of the e-commerce giant’s stock worth $20,007,000 after acquiring an additional 11,558 shares in the last quarter. Ellis Investment Partners LLC grew its stake in Amazon.com by 0.8% during the 4th quarter. Ellis Investment Partners LLC now owns 14,384 shares of the e-commerce giant’s stock worth $2,186,000 after buying an additional 118 shares during the last quarter. Finally, Highview Capital Management LLC DE grew its stake in Amazon.com by 2.1% during the 4th quarter. Highview Capital Management LLC DE now owns 23,151 shares of the e-commerce giant’s stock worth $3,518,000 after buying an additional 483 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The disclosure for this sale can be found here. Insiders sold 6,107,817 shares of company stock valued at $1,221,241,837 in the last quarter. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $172.12 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The company has a market capitalization of $1.79 trillion, a P/E ratio of 48.21, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15. The company’s 50 day moving average price is $183.17 and its two-hundred day moving average price is $181.01. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 22.35%. The company had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. On average, analysts expect that Amazon.com, Inc. will post 4.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Royal Bank of Canada restated an “outperform” rating and set a $215.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd. UBS Group raised their target price on Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. JMP Securities reaffirmed a “market outperform” rating and set a $225.00 target price on shares of Amazon.com in a research note on Wednesday, July 31st. Tigress Financial increased their price objective on Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Finally, Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com has a consensus rating of “Buy” and an average target price of $221.36.

About Amazon.com

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.