Capitolis Liquid Global Markets LLC Trims Stake in Amazon.com, Inc. $AMZN

Capitolis Liquid Global Markets LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the third quarter, HoldingsChannel.com reports. The firm owned 2,134,887 shares of the e-commerce giant’s stock after selling 37,800 shares during the period. Amazon.com accounts for approximately 3.7% of Capitolis Liquid Global Markets LLC’s investment portfolio, making the stock its 7th biggest holding. Capitolis Liquid Global Markets LLC’s holdings in Amazon.com were worth $468,757,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC raised its position in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after purchasing an additional 397,007 shares during the period. Revolve Wealth Partners LLC boosted its position in Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock valued at $5,495,000 after purchasing an additional 986 shares during the period. Bank Pictet & Cie Europe AG boosted its position in Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after purchasing an additional 54,987 shares during the period. Highview Capital Management LLC DE grew its stake in Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after buying an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC acquired a new stake in Amazon.com in the fourth quarter worth $2,153,000. 72.20% of the stock is owned by institutional investors and hedge funds.

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AMZN shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $300.00 target price on shares of Amazon.com in a research note on Friday, February 6th. Stifel Nicolaus set a $300.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a report on Tuesday, January 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Amazon.com in a research report on Monday, December 29th. TD Cowen reissued a “buy” rating on shares of Amazon.com in a research note on Friday, February 6th. Finally, DA Davidson restated a “neutral” rating and issued a $175.00 target price (down from $300.00) on shares of Amazon.com in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $286.93.

Check Out Our Latest Report on Amazon.com

Amazon.com Stock Performance

Shares of AMZN opened at $207.67 on Monday. The firm has a market capitalization of $2.23 trillion, a PE ratio of 28.96, a P/E/G ratio of 1.56 and a beta of 1.40. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $222.93 and a 200 day moving average price of $226.67. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). The company had revenue of $213.39 billion during the quarter, compared to analyst estimates of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The company’s revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.86 earnings per share. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 10,649 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total value of $2,187,624.07. Following the completion of the sale, the senior vice president owned 41,190 shares in the company, valued at $8,461,661.70. This represents a 20.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $205.18, for a total value of $4,077,336.96. Following the transaction, the chief executive officer directly owned 2,238,118 shares in the company, valued at approximately $459,217,051.24. The trade was a 0.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 71,686 shares of company stock valued at $14,688,739 over the last three months. 10.80% of the stock is owned by company insiders.

About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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