Sepio Capital LP Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Sepio Capital LP lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,787 shares of the e-commerce giant’s stock after selling 5,567 shares during the period. Amazon.com makes up approximately 0.9% of Sepio Capital LP’s investment portfolio, making the stock its 24th largest holding. Sepio Capital LP’s holdings in Amazon.com were worth $9,274,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bridgefront Capital LLC purchased a new stake in Amazon.com in the 1st quarter worth approximately $228,000. Krane Funds Advisors LLC lifted its position in shares of Amazon.com by 239.1% during the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after buying an additional 55 shares in the last quarter. Range Financial Group LLC purchased a new position in shares of Amazon.com during the 1st quarter valued at approximately $258,000. My Personal CFO LLC purchased a new position in shares of Amazon.com during the 1st quarter valued at approximately $261,000. Finally, Worth Asset Management LLC purchased a new position in shares of Amazon.com during the 1st quarter valued at approximately $191,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Amazon.com from $159.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, August 4th. CICC Research initiated coverage on Amazon.com in a research note on Sunday, July 9th. They issued an “outperform” rating for the company. Robert W. Baird increased their price objective on Amazon.com from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Morgan Stanley increased their price objective on Amazon.com from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, August 4th. Finally, Wedbush started coverage on Amazon.com in a research note on Tuesday, August 22nd. They issued an “outperform” rating and a $180.00 target price for the company. Two investment analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $160.87.

Amazon.com Stock Up 0.1 %

Amazon.com stock opened at $138.12 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $143.63. The company has a market cap of $1.43 trillion, a PE ratio of 108.76, a price-to-earnings-growth ratio of 1.76 and a beta of 1.26. The stock’s 50 day moving average price is $132.90 and its 200 day moving average price is $116.27.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. The company had revenue of $134.38 billion for the quarter, compared to the consensus estimate of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. On average, sell-side analysts predict that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total value of $62,535.00. Following the sale, the chief executive officer now directly owns 151,780 shares in the company, valued at $18,983,124.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total value of $62,535.00. Following the completion of the transaction, the chief executive officer now directly owns 151,780 shares in the company, valued at $18,983,124.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total value of $22,951,500.00. Following the completion of the transaction, the insider now owns 12,741,445 shares of the company’s stock, valued at $248,458,177.50. The disclosure for this sale can be found here. Insiders have sold 1,362,329 shares of company stock worth $48,508,072 over the last three months. 12.70% of the stock is currently owned by corporate insiders.

About Amazon.com

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