Wasatch Advisors Inc. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 74.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 792 shares of the e-commerce giant’s stock after selling 2,300 shares during the quarter. Wasatch Advisors Inc.’s holdings in Amazon.com were worth $761,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of AMZN. Janus Henderson Group PLC boosted its holdings in Amazon.com by 1,045.8% in the second quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock valued at $1,718,711,000 after acquiring an additional 1,620,588 shares during the last quarter. Vanguard Group Inc. raised its position in Amazon.com by 2.9% in the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after purchasing an additional 764,115 shares during the period. BlackRock Inc. raised its position in Amazon.com by 2.4% in the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after purchasing an additional 554,990 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Amazon.com by 125.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 822,827 shares of the e-commerce giant’s stock valued at $796,497,000 after purchasing an additional 457,300 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in Amazon.com by 446.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 502,699 shares of the e-commerce giant’s stock valued at $486,613,000 after purchasing an additional 410,678 shares during the period. Hedge funds and other institutional investors own 59.49% of the company’s stock.
Shares of Amazon.com, Inc. (NASDAQ AMZN) opened at $1,416.78 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $682,710.00, a PE ratio of 229.62, a P/E/G ratio of 6.35 and a beta of 1.63. Amazon.com, Inc. has a fifty-two week low of $812.50 and a fifty-two week high of $1,498.00.
In related news, CEO Andrew R. Jassy sold 1,985 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,125.38, for a total value of $2,233,879.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 544 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $1,126.27, for a total value of $612,690.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,368 shares of company stock valued at $10,726,970. 17.70% of the stock is owned by corporate insiders.
Several research analysts have commented on AMZN shares. Canaccord Genuity reissued a “buy” rating and issued a $1,200.00 price objective on shares of Amazon.com in a research report on Wednesday, October 11th. Wedbush set a $1,250.00 price objective on Amazon.com and gave the company a “buy” rating in a research report on Monday, October 23rd. Atlantic Securities reissued a “buy” rating on shares of Amazon.com in a research report on Friday, October 27th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $1,385.00 price objective (up from $1,375.00) on shares of Amazon.com in a research report on Wednesday, January 10th. Finally, DA Davidson raised their price objective on Amazon.com from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. Six analysts have rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the stock. Amazon.com currently has an average rating of “Buy” and an average price target of $1,436.23.
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Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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