Epoch Investment Partners Inc. Sells 36,981 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Epoch Investment Partners Inc. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,056,791 shares of the e-commerce giant’s stock after selling 36,981 shares during the quarter. Amazon.com comprises approximately 0.9% of Epoch Investment Partners Inc.’s holdings, making the stock its 20th largest holding. Epoch Investment Partners Inc.’s holdings in Amazon.com were worth $204,225,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Phillips Wealth Planners LLC lifted its stake in shares of Amazon.com by 9.2% in the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after buying an additional 224 shares during the period. Stonekeep Investments LLC acquired a new position in Amazon.com in the 2nd quarter valued at approximately $2,588,000. Concord Investment Counsel Inc. acquired a new position in Amazon.com in the 1st quarter valued at approximately $20,790,000. O Shaughnessy Asset Management LLC lifted its position in shares of Amazon.com by 26.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant’s stock worth $116,222,000 after acquiring an additional 133,471 shares during the period. Finally, Eos Management L.P. grew its holdings in shares of Amazon.com by 27.1% during the 2nd quarter. Eos Management L.P. now owns 47,554 shares of the e-commerce giant’s stock worth $9,190,000 after purchasing an additional 10,147 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 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 disclosure for this sale can be found here. Insiders sold a total of 54,355 shares of company stock valued at $9,877,423 in the last ninety days. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $189.07 on Tuesday. The firm has a fifty day moving average of $182.43 and a two-hundred day moving average of $183.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 52.96, a PEG ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. As a group, equities research analysts predict that Amazon.com, Inc. will post 4.85 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent research reports. 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, September 12th. DA Davidson restated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. TD Securities lifted their target price on shares of Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Wedbush reissued an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Finally, Maxim Group raised their price target 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. Two investment 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $236.78.

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.