Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,490,779 shares of the e-commerce giant’s stock after selling 73,876 shares during the period. Amazon.com accounts for 3.2% of Mawer Investment Management Ltd.’s holdings, making the stock its 10th biggest holding. Mawer Investment Management Ltd.’s holdings in Amazon.com were worth $674,593,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Comerica Bank grew its stake in Amazon.com by 2.0% in the fourth quarter. Comerica Bank now owns 2,122,350 shares of the e-commerce giant’s stock valued at $322,470,000 after acquiring an additional 42,518 shares during the period. Chilton Investment Co. Inc. grew its position in Amazon.com by 1.5% in the 4th quarter. Chilton Investment Co. Inc. now owns 16,764 shares of the e-commerce giant’s stock valued at $2,547,000 after purchasing an additional 253 shares during the period. C M Bidwell & Associates Ltd. grew its position in Amazon.com by 2.3% in the 4th quarter. C M Bidwell & Associates Ltd. now owns 6,672 shares of the e-commerce giant’s stock valued at $1,014,000 after purchasing an additional 150 shares during the period. Brevan Howard Capital Management LP bought a new stake in Amazon.com during the 4th quarter valued at $2,954,000. Finally, Bragg Financial Advisors Inc raised its holdings in shares of Amazon.com by 1.9% in the 4th quarter. Bragg Financial Advisors Inc now owns 142,882 shares of the e-commerce giant’s stock worth $21,709,000 after acquiring an additional 2,717 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The stock was 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,355 shares of company stock worth $9,877,423 over the last ninety days. 10.80% of the stock is owned by corporate insiders.

Amazon.com Price Performance

AMZN stock opened at $186.65 on Friday. The firm has a 50 day moving average of $179.11 and a 200-day moving average of $183.05. The firm has a market capitalization of $1.94 trillion, a P/E ratio of 52.28, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, sell-side analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target on Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Wolfe Research assumed coverage on Amazon.com in a research note on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price objective on the stock. Jefferies Financial Group reduced their target price on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. DA Davidson reiterated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday. Finally, Robert W. Baird boosted their price target on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $222.67.

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.