Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Decreased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 24.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,059,263 shares of the e-commerce giant’s stock after selling 1,618,957 shares during the quarter. Amazon.com comprises approximately 3.8% of Los Angeles Capital Management LLC’s holdings, making the stock its 4th biggest position. Los Angeles Capital Management LLC’s holdings in Amazon.com were worth $942,692,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. YCG LLC boosted its position in shares of Amazon.com by 0.7% in the third quarter. YCG LLC now owns 353,142 shares of the e-commerce giant’s stock worth $65,801,000 after purchasing an additional 2,440 shares during the period. Stockman Wealth Management Inc. lifted its stake in shares of Amazon.com by 2.8% during the 3rd quarter. Stockman Wealth Management Inc. now owns 89,394 shares of the e-commerce giant’s stock valued at $16,657,000 after buying an additional 2,454 shares in the last quarter. River Global Investors LLP lifted its stake in shares of Amazon.com by 3.0% during the 3rd quarter. River Global Investors LLP now owns 86,395 shares of the e-commerce giant’s stock valued at $16,097,000 after buying an additional 2,491 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in Amazon.com by 1.6% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 35,566 shares of the e-commerce giant’s stock worth $6,627,000 after buying an additional 568 shares during the period. Finally, Maiden Cove Capital LLC purchased a new stake in Amazon.com in the 3rd quarter worth $781,000. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AMZN. Rosenblatt Securities boosted their price objective on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wedbush boosted their price target on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Sanford C. Bernstein increased their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday. DA Davidson reiterated a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. Finally, TD Cowen upped their target price on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

Amazon.com Stock Performance

AMZN stock opened at $224.92 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00. The business has a 50-day moving average price of $205.83 and a 200 day moving average price of $191.30. The company has a market capitalization of $2.37 trillion, a P/E ratio of 48.16, a PEG ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insiders Place Their Bets

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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872. 10.80% of the stock is currently 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.