The Manufacturers Life Insurance Company Lowers Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

The Manufacturers Life Insurance Company lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,509,361 shares of the e-commerce giant’s stock after selling 404,812 shares during the quarter. Amazon.com accounts for about 3.3% of The Manufacturers Life Insurance Company’s holdings, making the stock its 3rd largest position. The Manufacturers Life Insurance Company owned 0.18% of Amazon.com worth $3,577,008,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Maverick Capital Ltd. increased its stake in Amazon.com by 15.2% in the second quarter. Maverick Capital Ltd. now owns 1,436,931 shares of the e-commerce giant’s stock valued at $277,687,000 after acquiring an additional 189,613 shares during the period. Daymark Wealth Partners LLC raised its holdings in shares of Amazon.com by 18.5% in the 2nd quarter. Daymark Wealth Partners LLC now owns 295,501 shares of the e-commerce giant’s stock worth $57,106,000 after buying an additional 46,202 shares in the last quarter. DE Burlo Group Inc. lifted its position in shares of Amazon.com by 9.4% during the 2nd quarter. DE Burlo Group Inc. now owns 249,605 shares of the e-commerce giant’s stock worth $48,236,000 after buying an additional 21,380 shares during the period. DSC Advisors L.P. bought a new stake in Amazon.com in the second quarter valued at $211,000. Finally, Decatur Capital Management Inc. raised its stake in Amazon.com by 2.8% during the second quarter. Decatur Capital Management Inc. now owns 61,692 shares of the e-commerce giant’s stock worth $11,922,000 after acquiring an additional 1,694 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the sale, the chief executive officer now owns 503,753 shares in the company, valued at $95,335,255.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the completion of the transaction, the chief executive officer now directly owns 503,753 shares in the company, valued at approximately $95,335,255.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,355 shares of company stock worth $9,877,423. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.8 %

Shares of Amazon.com stock opened at $187.83 on Friday. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $183.29 and its 200-day moving average is $183.56. The stock has a market cap of $1.95 trillion, a P/E ratio of 52.61, 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 (EPS) 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 21.39%. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Equities research analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AMZN shares. Wolfe Research initiated coverage on shares of Amazon.com in a report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 target price on the stock. Itau BBA Securities cut shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a research note on Friday, August 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $215.00 price target on shares of Amazon.com in a report on Thursday, October 10th. JMP Securities reissued a “market outperform” rating and issued a $265.00 price objective on shares of Amazon.com in a research note on Tuesday, October 15th. Finally, Needham & Company LLC restated a “buy” rating and issued a $210.00 target price on shares of Amazon.com in a research note on Thursday. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

Amazon.com 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.