Amazon.com, Inc. (NASDAQ:AMZN) Stake Reduced by Breakwater Investment Management

Breakwater Investment Management trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,814 shares of the e-commerce giant’s stock after selling 200 shares during the quarter. Breakwater Investment Management’s holdings in Amazon.com were worth $1,106,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in AMZN. Norges Bank bought a new stake in shares of Amazon.com during the 4th quarter worth $27,266,582,000. GAMMA Investing LLC lifted its holdings in shares of Amazon.com by 21,420.5% during 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 purchasing an additional 30,104,520 shares during the last quarter. Capital World Investors lifted its holdings in shares of Amazon.com by 36.8% during 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 purchasing an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. Finally, Proficio Capital Partners LLC increased its stake in Amazon.com by 17,054.5% in the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after purchasing an additional 12,018,120 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 224,926 shares of the business’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $223.56, for a total transaction of $50,284,456.56. Following the transaction, the insider owned 905,454,975 shares in the company, valued at approximately $202,423,514,211. The trade was a 0.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction dated 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 directly owned 47,030 shares of the company’s stock, valued at $9,519,342.30. This represents a 22.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,426,963 shares of company stock valued at $757,297,707 in the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent analyst reports. BNP Paribas upgraded Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Wall Street Zen lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Needham & Company LLC restated a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Benchmark reiterated a “buy” rating and set a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Raymond James Financial restated an “outperform” rating and issued a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $245.60.

Amazon.com Trading Up 1.5%

Shares of NASDAQ:AMZN opened at $223.13 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The stock’s 50-day moving average is $205.76 and its 200-day moving average is $208.76. The company has a market cap of $2.37 trillion, a P/E ratio of 36.34, a P/E/G ratio of 1.66 and a beta of 1.33. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. Equities research analysts predict 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.