Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lowered by Hosking Partners LLP

Hosking Partners LLP lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 65,733 shares of the e-commerce giant’s stock after selling 7,274 shares during the period. Amazon.com makes up approximately 5.3% of Hosking Partners LLP’s portfolio, making the stock its 2nd biggest holding. Hosking Partners LLP’s holdings in Amazon.com were worth $215,936,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sphinx Trading LP bought a new stake in shares of Amazon.com in the third quarter worth about $30,000. Lion Street Advisors LLC bought a new stake in shares of Amazon.com in the second quarter worth about $52,000. Lountzis Asset Management LLC grew its stake in shares of Amazon.com by 60.0% in the third quarter. Lountzis Asset Management LLC now owns 16 shares of the e-commerce giant’s stock worth $53,000 after purchasing an additional 6 shares during the last quarter. True Link Financial Advisors LLC bought a new stake in shares of Amazon.com in the second quarter worth about $72,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of Amazon.com in the second quarter worth about $96,000. Hedge funds and other institutional investors own 56.96% of the company’s stock.

Several analysts recently issued reports on the company. Wolfe Research cut their target price on Amazon.com from $3,850.00 to $3,800.00 and set an “outperform” rating on the stock in a research note on Friday, October 29th. Truist lifted their price objective on Amazon.com from $3,800.00 to $4,000.00 and gave the company a “buy” rating in a research report on Friday, October 29th. Jefferies Financial Group cut their price objective on Amazon.com from $4,200.00 to $4,000.00 and set a “buy” rating on the stock in a research report on Friday, October 29th. Credit Suisse Group cut their price objective on Amazon.com from $4,200.00 to $4,100.00 and set an “outperform” rating on the stock in a research report on Friday, October 29th. Finally, Barclays cut their price objective on Amazon.com from $4,130.00 to $3,800.00 and set an “overweight” rating on the stock in a research report on Friday, October 29th. Forty equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $4,201.88.

Shares of AMZN opened at $3,242.76 on Friday. The firm has a market cap of $1.64 trillion, a PE ratio of 63.43, a P/E/G ratio of 2.62 and a beta of 1.10. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $3,438.21 and a two-hundred day simple moving average of $3,427.83. Amazon.com, Inc. has a 1-year low of $2,881.00 and a 1-year high of $3,773.08.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Wednesday, October 27th. The e-commerce giant reported $6.12 earnings per share for the quarter, missing analysts’ consensus estimates of $9.10 by ($2.98). Amazon.com had a net margin of 5.73% and a return on equity of 24.31%. The company had revenue of $110.81 billion for the quarter, compared to analysts’ expectations of $111.66 billion. During the same quarter in the prior year, the firm posted $12.37 earnings per share. Amazon.com’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, research analysts forecast that Amazon.com, Inc. will post 40.79 EPS for the current fiscal year.

In other news, CEO Adam Selipsky sold 34 shares of the business’s stock in a transaction on Thursday, December 2nd. The shares were sold at an average price of $3,460.00, for a total transaction of $117,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 271 shares of the company’s stock in a transaction on Thursday, November 18th. The stock was sold at an average price of $3,700.00, for a total transaction of $1,002,700.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,314 shares of company stock valued at $292,824,570. Insiders own 14.00% of the company’s stock.

About Amazon.com

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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