Draper Asset Management LLC Lowers Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Draper Asset Management LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,322 shares of the e-commerce giant’s stock after selling 1,144 shares during the quarter. Amazon.com accounts for about 17.8% of Draper Asset Management LLC’s investment portfolio, making the stock its 2nd biggest position. Draper Asset Management LLC’s holdings in Amazon.com were worth $17,901,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMZN. State Street Corp increased its stake in Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after acquiring an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after acquiring an additional 295,880,050 shares during the period. FMR LLC grew its stake in Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after buying an additional 270,931,640 shares during the last quarter. Moneta Group Investment Advisors LLC grew its stake in Amazon.com by 120,235.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock worth $9,784,345,000 after buying an additional 116,383,502 shares during the last quarter. Finally, Norges Bank bought a new stake in Amazon.com during the fourth quarter worth about $8,263,591,000. Institutional investors own 57.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AMZN shares. Robert W. Baird upped their price objective on shares of Amazon.com from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Telsey Advisory Group upped their price objective on shares of Amazon.com from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Evercore ISI upped their price objective on shares of Amazon.com from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Susquehanna increased their price target on shares of Amazon.com from $150.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, August 4th. Finally, UBS Group decreased their price target on shares of Amazon.com from $180.00 to $178.00 and set a “buy” rating on the stock in a research note on Tuesday, October 17th. Two equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $168.93.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total value of $69,240.00. Following the completion of the transaction, the chief executive officer now owns 106,520 shares of the company’s stock, valued at $14,750,889.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total value of $69,240.00. Following the completion of the transaction, the chief executive officer now owns 106,520 shares of the company’s stock, valued at $14,750,889.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 21,933 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $133.92, for a total transaction of $2,937,267.36. Following the completion of the transaction, the chief executive officer now directly owns 2,030,868 shares of the company’s stock, valued at approximately $271,973,842.56. The disclosure for this sale can be found here. Insiders sold 112,089 shares of company stock valued at $15,479,976 over the last quarter. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Stock Down 0.7 %

Shares of AMZN stock opened at $142.59 on Tuesday. The firm has a fifty day moving average of $133.16 and a 200-day moving average of $128.63. The company has a quick ratio of 0.74, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $145.86. The company has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 73.88, a P/E/G ratio of 1.94 and a beta of 1.17.

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.