Amazon.com, Inc. (NASDAQ:AMZN) is GAM Holding AG’s 8th Largest Position

GAM Holding AG trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 13.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 176,916 shares of the e-commerce giant’s stock after selling 28,223 shares during the period. Amazon.com accounts for about 2.6% of GAM Holding AG’s investment portfolio, making the stock its 8th biggest holding. GAM Holding AG’s holdings in Amazon.com were worth $32,965,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. PayPay Securities Corp boosted its holdings in shares of 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 buying an additional 64 shares during the last quarter. Hoese & Co LLP purchased a new position in Amazon.com during the third quarter valued at approximately $37,000. Christopher J. Hasenberg Inc raised its position in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Amazon.com during the first quarter valued at approximately $69,000. Finally, Innealta Capital LLC bought a new stake in shares of Amazon.com during the second quarter valued at approximately $77,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Down 0.6 %

Shares of AMZN opened at $197.12 on Monday. Amazon.com, Inc. has a one year low of $142.81 and a one year high of $215.90. The company has a market cap of $2.07 trillion, a P/E ratio of 42.21, a P/E/G ratio of 1.33 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a 50 day simple moving average of $193.00 and a two-hundred day simple moving average of $186.29.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 earnings per share. Research analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research reports. Susquehanna boosted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Maxim Group boosted their target price on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. UBS Group upped their price objective on shares of Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. JMP Securities upped their price objective on shares of Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Finally, Monness Crespi & Hardt increased their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two investment 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $235.77.

Insiders Place Their Bets

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the 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 completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,011,423 shares of company stock worth $1,249,093,896. Company insiders own 10.80% of the company’s stock.

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.