ARK Investment Management LLC Sells 162 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

ARK Investment Management LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 4.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,590 shares of the e-commerce giant’s stock after selling 162 shares during the quarter. ARK Investment Management LLC’s holdings in Amazon.com were worth $8,631,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Chartist Inc. CA boosted its position in shares of Amazon.com by 10.1% during the fourth quarter. Chartist Inc. CA now owns 317 shares of the e-commerce giant’s stock worth $1,057,000 after acquiring an additional 29 shares during the last quarter. Fort Point Capital Partners LLC raised its stake in Amazon.com by 5.1% during the fourth quarter. Fort Point Capital Partners LLC now owns 3,525 shares of the e-commerce giant’s stock valued at $11,754,000 after purchasing an additional 170 shares in the last quarter. Williams Jones Wealth Management LLC. raised its stake in Amazon.com by 1.1% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 45,114 shares of the e-commerce giant’s stock valued at $150,425,000 after purchasing an additional 482 shares in the last quarter. Rokos Capital Management LLP raised its stake in Amazon.com by 118.6% during the fourth quarter. Rokos Capital Management LLP now owns 14,221 shares of the e-commerce giant’s stock valued at $47,728,000 after purchasing an additional 90,493 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its stake in Amazon.com by 32.7% during the fourth quarter. Public Sector Pension Investment Board now owns 188,001 shares of the e-commerce giant’s stock valued at $626,859,000 after purchasing an additional 46,345 shares in the last quarter. Institutional investors own 57.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Oppenheimer decreased their price target on shares of Amazon.com from $175.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, July 25th. Cowen upped their price target on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Canaccord Genuity Group upped their price target on shares of Amazon.com from $185.00 to $200.00 in a research note on Friday, July 29th. Piper Sandler upped their price target on shares of Amazon.com from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. Finally, DA Davidson reissued a “buy” rating and issued a $151.00 target price on shares of Amazon.com in a research note on Friday, August 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and thirty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $176.61.

Amazon.com Stock Down 3.0 %

NASDAQ:AMZN opened at $118.54 on Thursday. Amazon.com, Inc. has a fifty-two week low of $101.26 and a fifty-two week high of $188.11. The stock has a market capitalization of $1.21 trillion, a P/E ratio of 106.27, a P/E/G ratio of 5.56 and a beta of 1.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95. The company’s 50-day simple moving average is $130.20 and its 200-day simple moving average is $130.31.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The firm had revenue of $121.23 billion during the quarter, compared to the consensus estimate of $119.16 billion. During the same quarter in the prior year, the business posted $0.76 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 0.99 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Shelley Reynolds sold 3,480 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $134.23, for a total value of $467,120.40. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $16,078,069.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Andrew R. Jassy sold 23,620 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $142.29, for a total value of $3,360,889.80. Following the completion of the transaction, the chief executive officer now directly owns 1,892,000 shares of the company’s stock, valued at approximately $269,212,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,480 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $134.23, for a total transaction of $467,120.40. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $16,078,069.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 70,628 shares of company stock worth $9,802,599. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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

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