Barings LLC Lowers Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Barings LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,110 shares of the e-commerce giant’s stock after selling 5,416 shares during the quarter. Barings LLC’s holdings in Amazon.com were worth $5,819,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Madison Wealth Partners Inc lifted its stake in Amazon.com by 38.4% in the fourth quarter. Madison Wealth Partners Inc now owns 17,512 shares of the e-commerce giant’s stock worth $2,661,000 after acquiring an additional 4,859 shares during the last quarter. Taylor Financial Group Inc. purchased a new position in Amazon.com in the fourth quarter worth approximately $843,000. Voisard Asset Management Group Inc. purchased a new position in Amazon.com in the fourth quarter worth approximately $557,000. Sunpointe LLC purchased a new position in Amazon.com in the fourth quarter worth approximately $3,045,000. Finally, Prospect Financial Services LLC purchased a new position in Amazon.com in the fourth quarter worth approximately $3,189,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the sale, the chief executive officer now directly owns 503,753 shares in the company, valued at $95,335,255.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,355 shares of company stock worth $9,877,423 in the last three months. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Piper Sandler decreased their price target on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Bank of America cut their price objective on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Wedbush reissued an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Barclays raised their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Roth Mkm raised their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $224.00.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $188.82 on Friday. The firm has a market capitalization of $1.98 trillion, a P/E ratio of 45.17, a PEG ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The company’s fifty day moving average is $179.58 and its two-hundred day moving average is $183.17. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Analysts forecast that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

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.