Amazon.com, Inc. (NASDAQ:AMZN) is Marathon Asset Management Ltd’s 3rd Largest Position

Marathon Asset Management Ltd trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 591,042 shares of the e-commerce giant’s stock after selling 6,702 shares during the period. Amazon.com makes up 3.4% of Marathon Asset Management Ltd’s investment portfolio, making the stock its 3rd largest holding. Marathon Asset Management Ltd’s holdings in Amazon.com were worth $112,230,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in AMZN. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com during the fourth quarter worth $27,000. LSV Asset Management purchased a new position in Amazon.com in the 4th quarter worth about $35,000. Perritt Capital Management Inc grew its holdings in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 80 shares in the last quarter. Inlight Wealth Management LLC bought a new position in Amazon.com during the 1st quarter worth about $40,000. Finally, Capitol Family Office Inc. bought a new position in Amazon.com during the 1st quarter worth about $42,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMZN. Wells Fargo & Company increased their price objective on shares of Amazon.com from $201.00 to $238.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Rosenblatt Securities lifted their price target on Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Roth Capital set a $250.00 price target on Amazon.com and gave the company a “buy” rating in a report on Tuesday, July 8th. Finally, Royal Bank Of Canada cut their price target on Amazon.com from $235.00 to $230.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $250.02.

Amazon.com Price Performance

AMZN stock opened at $229.19 on Tuesday. The company has a market capitalization of $2.43 trillion, a P/E ratio of 37.33, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. 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, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The business has a 50-day simple moving average of $213.50 and a two-hundred day simple moving average of $208.51.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 EPS. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the sale, the insider owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Matthew S. Garman sold 20,923 shares of the company’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. Insiders have sold 14,335,232 shares of company stock valued at $3,210,622,570 over the last quarter. Company insiders own 10.80% of the company’s stock.

Amazon.com 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.