Sarasin & Partners LLP Sells 137,825 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Sarasin & Partners LLP lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report ) by 3.3% in the first quarter, according to its latest 13F filing with the SEC. The institutional investor held 3,994,828 shares of the e-commerce giant after selling 137,825 shares during the period. Amazon.com makes up about 7.1% of Sarasin & Partners LLP’s portfolio, making it its largest holding. Sarasin & Partners LLP’s stake in Amazon.com was worth $720,587,000 at the end of the last quarter.

Several other institutional investors and hedge funds also modified their holdings in AMZN. ShoreHaven Wealth Partners LLC increased its position in Amazon.com by 1.9% in the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after purchasing an additional 60 shares in the last quarter. O Dell Group LLC increased its position in Amazon.com by 0.5% in the fourth quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock worth $2,064,000 after purchasing an additional 61 shares in the last quarter. Measured Wealth Private Client Group LLC increased its stake in Amazon.com by 2.5% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock worth $389,000 after purchasing an additional 62 shares in the last quarter. Ballew Advisors Inc increased its holdings in shares of Amazon.com by 1.5% in the first quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock worth $790,000 after purchasing an additional 62 shares in the last quarter. Finally, Socha Financial Group LLC increased its holdings in Amazon.com by 3.3% in the fourth quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after purchasing an additional 63 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com pricing performance

Amazon.com shares opened Friday at $193.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a current ratio of 0.87. The company’s market capitalization is USD 2.01 trillion, P/E ratio of 54.13, PEG ratio of 1.39 and beta of 1.14. Amazon.com, Inc. Stock Yearly Lowest Value is $118.35 and the high is $199.84. The company’s 50-day average share price is $183.87 and its 200-day average price is $172.93.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ estimates of $142.65 billion. During the same period last year, the company earned $0.31 earnings per share. The company’s revenue for the quarter was up 12.5% ​​year-over-year. Equity research analysts as a group are forecasting that Amazon.com, Inc. will post $4.72 earnings per share for the current year.

Insiders are betting

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, June 3. The shares were sold at an average price of $177.29, for a total transaction amount of $620,515.00. Following the completion of the sale, the CEO now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed via this hyperlink. In other Amazon.com news, CEO Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of USD 190.00, for a total transaction amount of USD 1,000,160.00. Following the transaction, the director now directly owns 104,400 shares of the company’s stock, valued at $19,836,000. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available at this hyperlink. Also on Monday, June 3, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock. The shares were sold at an average price of $177.29, for a total transaction amount of $620,515.00. Following the completion of the sale, the CEO now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The announcement of this sale can be found here. In the last quarter, insiders sold a total of 65,338 shares of company stock worth $11,894,344. Corporate insiders own 10.80% of the company’s shares.

Analyst Upgrades and Downgrades

Many stock analysts have recently commented on AMZN stock. Robert W. Baird raised their target price on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. Evercore ISI raised their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Tigress Financial increased their target price on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, May 30. Bank of America raised their price target on Amazon.com from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Rosenblatt Securities affirmed a “buy” rating and set a $220.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. One analyst has rated the company with a hold rating, forty-three analysts have issued a buy rating to the company and one has issued a strong buy rating to the company. Based on data from MarketBeat, the Amazon.com consensus rating is “Buy” and the consensus price target is $215.86.

Check out our latest analysis on AMZN

About Amazon.com

(free report)

Amazon.com, Inc. is a retailer of consumer products, advertising, and subscription services through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero televisions; and develops and produces media content.

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