Amazon.com, Inc. (NASDAQ:AMZN) Position Lessened by Banco Santander S.A.

Banco Santander S.A. cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 986,454 shares of the e-commerce giant’s stock after selling 53,021 shares during the period. Amazon.com accounts for 2.4% of Banco Santander S.A.’s portfolio, making the stock its 7th biggest position. Banco Santander S.A.’s holdings in Amazon.com were worth $190,632,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AMZN. GUNN & Co INVESTMENT MANAGEMENT INC. boosted its holdings in Amazon.com by 291.8% in the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 28,995 shares of the e-commerce giant’s stock worth $4,406,000 after acquiring an additional 21,595 shares in the last quarter. Fisher Asset Management LLC boosted its position in Amazon.com by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 42,241,587 shares of the e-commerce giant’s stock worth $6,418,187,000 after purchasing an additional 888,369 shares during the last quarter. Mechanics Financial Corp lifted its position in shares of Amazon.com by 1.5% during the 4th quarter. Mechanics Financial Corp now owns 16,887 shares of the e-commerce giant’s stock valued at $2,566,000 after buying an additional 245 shares in the last quarter. West Family Investments Inc. lifted its position in shares of Amazon.com by 1.0% during the 4th quarter. West Family Investments Inc. now owns 22,424 shares of the e-commerce giant’s stock valued at $3,407,000 after buying an additional 221 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Amazon.com by 0.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,163,226 shares of the e-commerce giant’s stock valued at $784,501,000 after buying an additional 21,404 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AMZN. UBS Group lifted 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 boosted their price objective on Amazon.com from $245.00 to $265.00 and gave the company a “market outperform” rating in a report on Tuesday, September 3rd. Cantor Fitzgerald assumed coverage on Amazon.com in a report on Thursday, September 5th. They issued an “overweight” rating and a $230.00 target price for the company. Jefferies Financial Group lowered their target price on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Sanford C. Bernstein lifted their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a hold rating, forty have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $222.84.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 1,463,437 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $200.08, for a total transaction of $292,804,474.96. Following the completion of the transaction, the insider now owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction dated Wednesday, August 21st. The stock was 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 in the company, valued at approximately $21,989,299.44. The disclosure for this sale can be found here. Insiders sold 6,104,317 shares of company stock valued at $1,220,621,322 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

AMZN opened at $191.60 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a fifty day moving average price of $178.54 and a 200 day moving average price of $182.04. The stock has a market cap of $1.99 trillion, a P/E ratio of 53.67, a P/E/G ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Equities research analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

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.