Seaview Investment Managers LLC Trims Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Seaview Investment Managers LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 10.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,597 shares of the e-commerce giant’s stock after selling 6,492 shares during the period. Amazon.com makes up 3.2% of Seaview Investment Managers LLC’s portfolio, making the stock its 4th largest holding. Seaview Investment Managers LLC’s holdings in Amazon.com were worth $10,744,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Cooksen Wealth LLC bought a new stake in Amazon.com in the fourth quarter worth about $30,000. PayPay Securities Corp grew its stake 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 valued at $32,000 after buying an additional 64 shares during the last quarter. Clarity Asset Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $46,000. Christopher J. Hasenberg Inc lifted its stake in shares of Amazon.com by 650.0% during the 2nd 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. Finally, Steph & Co. purchased a new stake in Amazon.com in the first quarter worth $65,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

NASDAQ AMZN opened at $186.65 on Friday. The company has a market cap of $1.94 trillion, a P/E ratio of 52.28, a P/E/G ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The stock has a 50-day moving average of $179.11 and a two-hundred day moving average of $183.05.

Amazon.com (NASDAQ:AMZN) last released 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. The company had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, analysts anticipate that Amazon.com, Inc. will post 4.86 EPS for the current year.

Insider Activity

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. In other news, VP Shelley Reynolds sold 3,791 shares of the business’s 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 completion of the sale, the vice president now owns 121,461 shares in the company, valued at approximately $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 can be accessed through this link. Also, SVP David Zapolsky sold 2,190 shares of the firm’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 completion of 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,355 shares of company stock valued at $9,877,423. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. TD Cowen boosted their target price on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Roth Mkm boosted their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. BMO Capital Markets reiterated an “outperform” rating and issued a $230.00 price target on shares of Amazon.com in a report on Thursday, September 19th. JMP Securities reissued a “market outperform” rating and issued a $265.00 price objective on shares of Amazon.com in a research note on Friday, October 4th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a research note on Monday. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $222.67.

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.