Amazon.com, Inc. (NASDAQ:AMZN) Stake Decreased by Makena Capital Management LLC

Makena Capital Management LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 119,661 shares of the e-commerce giant’s stock after selling 3,353 shares during the period. Amazon.com accounts for about 5.4% of Makena Capital Management LLC’s investment portfolio, making the stock its largest holding. Makena Capital Management LLC’s holdings in Amazon.com were worth $23,124,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. PayPay Securities Corp grew its holdings in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the period. Christopher J. Hasenberg Inc grew its stake in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Amazon.com in the 1st quarter worth approximately $69,000. Innealta Capital LLC bought a new position in Amazon.com during the 2nd quarter valued at approximately $77,000. Finally, Abich Financial Wealth Management LLC raised its stake in Amazon.com by 84.7% during the second quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock valued at $84,000 after buying an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. TD Securities increased their target price on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. JPMorgan Chase & Co. cut their price objective on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. UBS Group lifted their target price on shares of Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Wedbush reiterated an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Finally, Benchmark restated a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $236.78.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $187.83 on Friday. The company has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 52.61, a PEG ratio of 1.38 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock’s 50-day simple moving average is $183.29 and its 200-day simple moving average is $183.56. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its quarterly 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. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. As a group, analysts expect that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s 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 sale, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com 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 sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The trade was 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, 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 transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,355 shares of company stock worth $9,877,423. 10.80% of the stock is owned by insiders.

Amazon.com 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.