Te Ahumairangi Investment Management Ltd Sells 5,123 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Te Ahumairangi Investment Management Ltd decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,332 shares of the e-commerce giant’s stock after selling 5,123 shares during the period. Te Ahumairangi Investment Management Ltd’s holdings in Amazon.com were worth $6,645,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Kavar Capital Partners Group LLC grew its holdings in Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after acquiring an additional 79 shares during the period. IFM Investors Pty Ltd increased its holdings in Amazon.com by 21.8% in the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. lifted its stake in Amazon.com by 0.8% in the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after buying an additional 15 shares during the period. Markel Corp boosted its holdings in shares of Amazon.com by 0.6% during the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after buying an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC increased its stake in shares of Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after acquiring an additional 540 shares in the last quarter. Institutional investors own 57.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Benchmark increased their target price on shares of Amazon.com from $130.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Jefferies Financial Group raised their target price on Amazon.com from $135.00 to $150.00 in a research note on Wednesday, June 21st. TD Cowen increased their price target on Amazon.com from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Redburn Partners boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a report on Friday, August 11th. Finally, BNP Paribas upgraded Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 target price on the stock in a report on Friday, August 4th. Two analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $160.87.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Wednesday, June 21st. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total transaction of $62,535.00. Following the completion of the sale, the chief executive officer now owns 151,780 shares of the company’s stock, valued at $18,983,124.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $139.48, for a total value of $557,920.00. Following the transaction, the chief executive officer now owns 526,316 shares in the company, valued at $73,410,555.68. The disclosure for this sale can be found here. Insiders have sold 1,365,829 shares of company stock valued at $49,002,857 in the last quarter. Insiders own 12.70% of the company’s stock.

Amazon.com Trading Down 1.4 %

NASDAQ:AMZN opened at $135.36 on Thursday. The company has a market cap of $1.40 trillion, a P/E ratio of 106.58, a P/E/G ratio of 1.83 and a beta of 1.24. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $143.63. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. The stock’s fifty day moving average price is $133.41 and its two-hundred day moving average price is $116.96.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The company had revenue of $134.38 billion for the quarter, compared to analysts’ expectations of $131.54 billion. As a group, analysts expect that Amazon.com, Inc. will post 2.23 EPS for the current year.

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.