Senator Investment Group LP Lowers Position in Amazon.com, Inc. (NASDAQ:AMZN)

Senator Investment Group LP trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 16.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 650,000 shares of the e-commerce giant’s stock after selling 125,000 shares during the period. Amazon.com comprises 6.1% of Senator Investment Group LP’s portfolio, making the stock its biggest holding. Senator Investment Group LP’s holdings in Amazon.com were worth $125,612,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Cooksen Wealth LLC bought a new stake in Amazon.com in the 4th quarter worth approximately $30,000. PayPay Securities Corp raised its position in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Clarity Asset Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $46,000. Christopher J. Hasenberg Inc boosted its holdings in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the period. Finally, Steph & Co. bought a new position in shares of Amazon.com during the 1st quarter valued at approximately $65,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $185.13 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The firm has a market cap of $1.93 trillion, a PE ratio of 51.86, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The company’s 50 day moving average is $178.97 and its two-hundred day moving average is $182.81.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. On average, research analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The disclosure for this sale can be found here. Insiders have sold 4,634,860 shares of company stock valued at $926,639,482 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Maxim Group raised their price target on shares of Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Benchmark reissued a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. The Goldman Sachs Group decreased their target price on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Jefferies Financial Group reduced their price objective on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Robert W. Baird upped their target price on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research note on Friday, June 21st. One research analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus price target of $223.65.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.