Amazon.com, Inc. (NASDAQ:AMZN) Holdings Trimmed by Charles Lim Capital Ltd

Charles Lim Capital Ltd reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 45.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 900,000 shares of the e-commerce giant’s stock after selling 750,000 shares during the period. Amazon.com makes up approximately 13.4% of Charles Lim Capital Ltd’s portfolio, making the stock its 3rd largest position. Charles Lim Capital Ltd’s holdings in Amazon.com were worth $92,961,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in AMZN. Kavar Capital Partners Group LLC boosted its position in shares of 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 purchasing an additional 79 shares in the last quarter. IFM Investors Pty Ltd grew its stake in Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after acquiring an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. grew its stake in Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after acquiring an additional 15 shares during the last quarter. Markel Corp grew its stake in Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after acquiring an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC grew its stake in 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 during the last quarter. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Up 1.8 %

NASDAQ:AMZN opened at $137.85 on Friday. The stock has a market cap of $1.42 trillion, a PE ratio of 108.54, a price-to-earnings-growth ratio of 1.82 and a beta of 1.24. 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 fifty-two week low of $81.43 and a fifty-two week high of $143.63. The stock’s 50-day moving average is $133.60 and its two-hundred day moving average is $117.10.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.29. The business had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. As a group, equities research analysts forecast that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMZN. UBS Group increased their price objective on shares of Amazon.com from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, August 4th. BNP Paribas raised shares of Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price objective on the stock in a research note on Friday, August 4th. Piper Sandler increased their price objective on shares of Amazon.com from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, August 24th. Roth Mkm upped their target price on shares of Amazon.com from $155.00 to $165.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Mizuho upped their target price on shares of Amazon.com from $160.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $160.87.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $139.48, for a total value of $557,920.00. Following the completion of the sale, the chief executive officer now directly owns 526,316 shares in the company, valued at approximately $73,410,555.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $128.17, for a total value of $64,085.00. Following the transaction, the chief executive officer now directly owns 150,780 shares of the company’s stock, valued at approximately $19,325,472.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $139.48, for a total value of $557,920.00. Following the completion of the transaction, the chief executive officer now directly owns 526,316 shares in the company, valued at $73,410,555.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,365,829 shares of company stock worth $49,002,857. 12.30% of the stock is currently owned by insiders.

Amazon.com Company Profile

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.