Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 923,571 shares of the e-commerce giant’s stock after selling 7,714 shares during the quarter. Amazon.com accounts for 1.9% of Burgundy Asset Management Ltd.’s investment portfolio, making the stock its 16th biggest position. Burgundy Asset Management Ltd.’s holdings in Amazon.com were worth $178,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of AMZN. PayPay Securities Corp increased its position in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Christopher J. Hasenberg Inc increased its position in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares during the last quarter. Steph & Co. purchased a new stake in shares of Amazon.com during the first quarter worth about $65,000. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Amazon.com during the first quarter worth about $69,000. Finally, Innealta Capital LLC purchased a new stake in shares of Amazon.com during the second quarter worth about $77,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $188.99 on Friday. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The stock has a fifty day moving average of $181.98 and a 200-day moving average of $183.42. The company has a market capitalization of $1.97 trillion, a PE ratio of 52.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. As a group, equities analysts anticipate that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,355 shares of company stock worth $9,877,423. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Rosenblatt Securities boosted their price objective on Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Loop Capital boosted their price objective on Amazon.com from $750.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday. TD Cowen boosted their price objective on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Wolfe Research assumed coverage on Amazon.com in a report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price objective for the company. Finally, Sanford C. Bernstein upped their target price on Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $236.78.

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.