TCW Group Inc. Has $258.26 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

TCW Group Inc. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,285,485 shares of the e-commerce giant’s stock after selling 107,175 shares during the period. Amazon.com makes up about 3.8% of TCW Group Inc.’s portfolio, making the stock its largest position. TCW Group Inc.’s holdings in Amazon.com were worth $258,260,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Bellecapital International Ltd. increased its holdings in Amazon.com by 1,993.8% during the 2nd quarter. Bellecapital International Ltd. now owns 70,644 shares of the e-commerce giant’s stock worth $7,503,000 after purchasing an additional 67,270 shares in the last quarter. Bouchey Financial Group Ltd increased its holdings in Amazon.com by 2,027.5% during the 2nd quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant’s stock worth $17,028,000 after purchasing an additional 152,790 shares in the last quarter. Gulf International Bank UK Ltd increased its holdings in Amazon.com by 1.0% during the 3rd quarter. Gulf International Bank UK Ltd now owns 1,526,940 shares of the e-commerce giant’s stock worth $172,544,000 after purchasing an additional 15,640 shares in the last quarter. Ervin Investment Management LLC increased its holdings in Amazon.com by 1,900.0% during the 2nd quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant’s stock worth $320,000 after purchasing an additional 2,793 shares in the last quarter. Finally, Csenge Advisory Group increased its holdings in Amazon.com by 2,077.0% during the 2nd quarter. Csenge Advisory Group now owns 68,119 shares of the e-commerce giant’s stock worth $7,235,000 after purchasing an additional 64,990 shares in the last quarter. Institutional investors own 57.64% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research reports. Monness Crespi & Hardt lowered their target price on Amazon.com from $172.00 to $136.00 and set a “buy” rating for the company in a report on Friday, October 28th. Oppenheimer lowered their target price on Amazon.com from $165.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, October 28th. DA Davidson decreased their price objective on Amazon.com to $114.00 in a report on Thursday, December 1st. Tigress Financial decreased their price objective on Amazon.com from $232.00 to $192.00 and set a “buy” rating for the company in a report on Wednesday, November 2nd. Finally, Robert W. Baird decreased their price objective on Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.56.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 15,787 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total value of $1,627,639.70. Following the transaction, the chief executive officer now directly owns 522,251 shares of the company’s stock, valued at $53,844,078.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 15,787 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the sale, the chief executive officer now owns 522,251 shares of the company’s stock, valued at $53,844,078.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 7,456 shares of the business’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $700,864.00. Following the sale, the chief executive officer now directly owns 533,435 shares in the company, valued at approximately $50,142,890. The disclosure for this sale can be found here. Insiders have sold 52,428 shares of company stock valued at $5,077,578 over the last three months. 12.70% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $96.32 on Wednesday. The company’s 50 day simple moving average is $90.65 and its 200 day simple moving average is $109.96. The stock has a market capitalization of $982.62 billion, a price-to-earnings ratio of 88.41, a price-to-earnings-growth ratio of 3.06 and a beta of 1.22. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $170.83.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the business earned $0.31 earnings per share. As a group, research analysts predict that Amazon.com, Inc. will post 0.68 EPS for the current fiscal year.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which 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 American-focused websites such as www.amazon.com and www.amazon.ca.

Further Reading

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

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