Amazon.com, Inc. (NASDAQ:AMZN) is C WorldWide Group Holding A S’s 2nd Largest Position

C WorldWide Group Holding A S decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,004,827 shares of the e-commerce giant’s stock after selling 50,405 shares during the quarter. Amazon.com comprises approximately 7.1% of C WorldWide Group Holding A S’s portfolio, making the stock its 2nd biggest position. C WorldWide Group Holding A S’s holdings in Amazon.com were worth $571,698,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Western Wealth Management LLC lifted its position in Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after buying an additional 1,297 shares during the period. Momentous Wealth Management Inc. purchased a new position in Amazon.com during the fourth quarter valued at $749,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Amazon.com during the first quarter valued at $514,000. Segall Bryant & Hamill LLC lifted its position in Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after buying an additional 39,696 shares during the period. Finally, Bearing Point Capital LLC purchased a new position in Amazon.com during the fourth quarter valued at $12,014,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 0.0%

NASDAQ AMZN opened at $231.03 on Friday. The stock’s 50 day moving average is $221.41 and its 200 day moving average is $208.64. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The stock has a market cap of $2.46 trillion, a PE ratio of 35.22, a P/E/G ratio of 1.56 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. During the same period in the previous year, the firm earned $1.26 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 25,096,253 shares of company stock valued at $5,673,745,409. 9.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMZN. Wells Fargo & Company raised their price objective on Amazon.com from $238.00 to $245.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Benchmark reiterated a “buy” rating and issued a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Citizens Jmp assumed coverage on Amazon.com in a research report on Thursday, July 10th. They issued a “strong-buy” rating for the company. Cowen reissued a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Finally, Robert W. Baird boosted their target price on Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has an average rating of “Buy” and an average price target of $262.87.

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.