Manning & Napier Advisors LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 27.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,201,192 shares of the e-commerce giant’s stock after selling 454,379 shares during the quarter. Amazon.com comprises 2.8% of Manning & Napier Advisors LLC’s portfolio, making the stock its 4th largest position. Manning & Napier Advisors LLC’s holdings in Amazon.com were worth $228,539,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Norges Bank bought a new position in Amazon.com in the fourth quarter valued at approximately $27,266,582,000. GAMMA Investing LLC boosted its stake in Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock valued at $5,754,425,000 after acquiring an additional 30,104,520 shares during the last quarter. Capital World Investors boosted its stake in Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock valued at $14,416,078,000 after acquiring an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. boosted its stake in Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in Amazon.com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock valued at $2,652,116,000 after acquiring an additional 12,018,120 shares during the last quarter. 72.20% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the transaction, the senior vice president owned 47,030 shares in the company, valued at $9,519,342.30. This represents a 22.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the transaction, the insider owned 905,679,901 shares in the company, valued at approximately $200,535,643,679.42. The trade was a 0.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,886,613 shares of company stock worth $1,531,840,610 in the last 90 days. Corporate insiders own 9.70% of the company’s stock.
Analyst Ratings Changes
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Amazon.com Stock Up 1.2%
Shares of AMZN opened at $225.02 on Friday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm has a market cap of $2.39 trillion, a P/E ratio of 36.65, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33. The firm’s 50-day simple moving average is $209.90 and its 200 day simple moving average is $208.63. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the business earned $0.98 EPS. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts forecast that Amazon.com, Inc. will post 6.31 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.
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