Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lessened by Crow s Nest Holdings LP

Crow s Nest Holdings LP lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 550,000 shares of the e-commerce giant’s stock after selling 20,000 shares during the period. Amazon.com makes up approximately 23.9% of Crow s Nest Holdings LP’s investment portfolio, making the stock its largest position. Crow s Nest Holdings LP’s holdings in Amazon.com were worth $106,288,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Mountain Pacific Investment Advisers Inc. ID grew its stake in shares of Amazon.com by 19.3% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 1,856 shares of the e-commerce giant’s stock worth $335,000 after acquiring an additional 300 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Amazon.com by 13.8% in the first quarter. International Assets Investment Management LLC now owns 178,708 shares of the e-commerce giant’s stock valued at $32,341,000 after purchasing an additional 21,638 shares during the period. Unique Wealth LLC grew its stake in Amazon.com by 5.3% during the 1st quarter. Unique Wealth LLC now owns 5,977 shares of the e-commerce giant’s stock worth $1,074,000 after purchasing an additional 303 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in Amazon.com by 1.2% during the 1st quarter. Salem Investment Counselors Inc. now owns 474,053 shares of the e-commerce giant’s stock worth $85,510,000 after purchasing an additional 5,610 shares during the period. Finally, Cooper Financial Group raised its position in Amazon.com by 9.9% in the 1st quarter. Cooper Financial Group now owns 97,122 shares of the e-commerce giant’s stock valued at $17,519,000 after purchasing an additional 8,724 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $184.71 on Thursday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average is $183.11 and its two-hundred day moving average is $183.54. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The firm has a market capitalization of $1.92 trillion, a PE ratio of 51.74, a P/E/G ratio of 1.38 and a beta of 1.14.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Piper Sandler lowered their price objective on Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. JPMorgan Chase & Co. lowered their price target on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Scotiabank started coverage on shares of Amazon.com in a report on Friday, October 11th. They issued a “sector outperform” rating and a $245.00 price objective on the stock. Bank of America lowered their target price on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group cut their price target on Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $236.78.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,355 shares of company stock valued at $9,877,423 in the last ninety days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Company Profile

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.