Amazon.com, Inc. (NASDAQ:AMZN) Position Lessened by Makena Capital Management LLC

Makena Capital Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 17.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,317 shares of the e-commerce giant’s stock after selling 21,344 shares during the period. Amazon.com comprises about 4.4% of Makena Capital Management LLC’s investment portfolio, making the stock its largest position. Makena Capital Management LLC’s holdings in Amazon.com were worth $18,319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. ERn Financial LLC boosted its holdings in shares of Amazon.com by 2.2% in the second quarter. ERn Financial LLC now owns 18,888 shares of the e-commerce giant’s stock valued at $3,650,000 after acquiring an additional 413 shares in the last quarter. TriaGen Wealth Management LLC lifted its holdings in Amazon.com by 10.7% in the 2nd quarter. TriaGen Wealth Management LLC now owns 14,938 shares of the e-commerce giant’s stock valued at $2,887,000 after acquiring an additional 1,446 shares during the last quarter. Evolution Wealth Advisors LLC boosted its position in shares of Amazon.com by 5.8% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 100,400 shares of the e-commerce giant’s stock valued at $19,438,000 after purchasing an additional 5,476 shares in the last quarter. Old Port Advisors raised its holdings in shares of Amazon.com by 5.0% in the 2nd quarter. Old Port Advisors now owns 7,855 shares of the e-commerce giant’s stock worth $1,518,000 after purchasing an additional 371 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Amazon.com by 31.4% during the second quarter. Blue Trust Inc. now owns 49,889 shares of the e-commerce giant’s stock valued at $8,999,000 after purchasing an additional 11,929 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.9 %

NASDAQ:AMZN opened at $219.39 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00. The stock’s 50 day moving average price is $211.67 and its two-hundred day moving average price is $193.59. The firm has a market capitalization of $2.31 trillion, a price-to-earnings ratio of 46.98, a price-to-earnings-growth 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, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the company posted $0.85 earnings per share. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. Equities research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMZN. Stifel Nicolaus boosted their target price on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Roth Mkm raised their target price on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Oppenheimer increased their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Wedbush upped their price objective on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets reissued an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research report on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $243.00.

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.