Itau Unibanco Holding S.A. Sells 161,573 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Itau Unibanco Holding S.A. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 35.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 290,536 shares of the e-commerce giant’s stock after selling 161,573 shares during the period. Amazon.com comprises about 1.8% of Itau Unibanco Holding S.A.’s portfolio, making the stock its 20th biggest position. Itau Unibanco Holding S.A.’s holdings in Amazon.com were worth $54,136,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Tevis Investment Management grew its position in shares of Amazon.com by 5.7% in the 2nd quarter. Tevis Investment Management now owns 3,784 shares of the e-commerce giant’s stock valued at $731,000 after buying an additional 203 shares during the last quarter. Bridge Advisory LLC grew its position in shares of Amazon.com by 4.9% in the 2nd quarter. Bridge Advisory LLC now owns 9,367 shares of the e-commerce giant’s stock valued at $1,810,000 after buying an additional 440 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Amazon.com by 2.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 108,381 shares of the e-commerce giant’s stock valued at $20,945,000 after buying an additional 3,042 shares during the last quarter. U S Global Investors Inc. grew its position in shares of Amazon.com by 117.8% in the 2nd quarter. U S Global Investors Inc. now owns 11,980 shares of the e-commerce giant’s stock valued at $2,315,000 after buying an additional 6,480 shares during the last quarter. Finally, Vinland Capital Management Gestora de Recursos LTDA. bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $3,865,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the transaction, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the transaction, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Oppenheimer upped their price target on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Pivotal Research started coverage on Amazon.com in a research report on Friday, October 11th. They issued a “buy” rating and a $260.00 price target on the stock. Telsey Advisory Group upped their target price on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. TD Cowen upped their target price on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Moffett Nathanson upped their target price on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.67.

Amazon.com Stock Performance

Shares of AMZN opened at $218.94 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 46.88, a PEG ratio of 1.54 and a beta of 1.14. The stock has a 50 day moving average of $216.20 and a 200 day moving average of $195.34. Amazon.com, Inc. has a 12 month low of $149.91 and a 12 month high of $233.00.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the business posted $0.85 earnings per share. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

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.