Marsico Capital Management LLC Sells 15,564 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Marsico Capital Management LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 979,053 shares of the e-commerce giant’s stock after selling 15,564 shares during the period. Amazon.com comprises about 5.7% of Marsico Capital Management LLC’s portfolio, making the stock its 5th largest holding. Marsico Capital Management LLC’s holdings in Amazon.com were worth $189,202,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Blair William & Co. IL boosted its holdings in Amazon.com by 2.1% in the 2nd quarter. Blair William & Co. IL now owns 6,073,517 shares of the e-commerce giant’s stock worth $1,173,707,000 after buying an additional 127,076 shares during the last quarter. Zega Financial LLC boosted its holdings in Amazon.com by 21.5% in the 2nd quarter. Zega Financial LLC now owns 51,758 shares of the e-commerce giant’s stock worth $10,002,000 after buying an additional 9,167 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Amazon.com by 11.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 888,131 shares of the e-commerce giant’s stock worth $171,631,000 after buying an additional 90,815 shares during the last quarter. Tredje AP fonden lifted its stake in Amazon.com by 6.7% in the 2nd quarter. Tredje AP fonden now owns 2,326,839 shares of the e-commerce giant’s stock worth $449,662,000 after purchasing an additional 147,094 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its stake in Amazon.com by 5.9% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 317,914 shares of the e-commerce giant’s stock worth $61,437,000 after purchasing an additional 17,832 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was 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 directly owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was 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. 10.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Bank of America decreased their target price on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Evercore ISI reissued an “outperform” rating and issued a $240.00 target price on shares of Amazon.com in a research note on Friday, October 11th. Loop Capital raised their target price on shares of Amazon.com from $750.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday. Maxim Group raised their target price on shares of Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $210.00 target price on shares of Amazon.com in a research note on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $236.78.

Amazon.com Stock Performance

Shares of AMZN stock opened at $188.99 on Friday. 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 firm has a fifty day moving average price of $181.98 and a 200 day moving average price of $183.41. The company has a market cap of $1.97 trillion, a P/E ratio of 52.94, a PEG ratio of 1.38 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.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts’ consensus estimates 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%. Sell-side analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

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.