TCG Advisors LP lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 77.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125 shares of the e-commerce giant’s stock after selling 418 shares during the quarter. TCG Advisors LP’s holdings in Amazon.com were worth $240,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Athanor Capital LP lifted its holdings in shares of Amazon.com by 15.4% during the 2nd quarter. Athanor Capital LP now owns 17,615 shares of the e-commerce giant’s stock worth $33,356,000 after acquiring an additional 2,352 shares during the last quarter. Beck Mack & Oliver LLC boosted its holdings in shares of Amazon.com by 67.7% in the 2nd quarter. Beck Mack & Oliver LLC now owns 1,400 shares of the e-commerce giant’s stock worth $2,651,000 after purchasing an additional 565 shares in the last quarter. MML Investors Services LLC increased its position in shares of Amazon.com by 3.9% during the 2nd quarter. MML Investors Services LLC now owns 36,317 shares of the e-commerce giant’s stock valued at $68,772,000 after purchasing an additional 1,357 shares during the last quarter. RBF Capital LLC purchased a new position in shares of Amazon.com during the 2nd quarter valued at about $3,787,000. Finally, CapWealth Advisors LLC lifted its position in Amazon.com by 1.1% in the 2nd quarter. CapWealth Advisors LLC now owns 5,020 shares of the e-commerce giant’s stock worth $9,506,000 after buying an additional 53 shares during the last quarter. 55.92% of the stock is owned by institutional investors and hedge funds.
NASDAQ AMZN traded down $0.60 during trading hours on Wednesday, hitting $1,819.95. 178,551 shares of the company were exchanged, compared to its average volume of 2,993,507. The stock has a 50-day moving average price of $1,823.48 and a 200 day moving average price of $1,835.08. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a 52 week low of $1,307.00 and a 52 week high of $2,035.80. The stock has a market cap of $905.89 billion, a PE ratio of 90.39, a price-to-earnings-growth ratio of 2.37 and a beta of 1.57.
AMZN has been the subject of several research reports. Oppenheimer set a $2,100.00 target price on Amazon.com and gave the stock a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus restated a “buy” rating and set a $2,300.00 target price on shares of Amazon.com in a report on Friday, July 26th. Deutsche Bank raised their price target on Amazon.com from $2,315.00 to $2,515.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. William Blair reiterated an “outperform” rating on shares of Amazon.com in a research report on Friday, July 26th. Finally, ValuEngine raised Amazon.com from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have assigned a buy rating to the stock. Amazon.com has an average rating of “Buy” and a consensus target price of $2,259.84.
In other news, VP Shelley Reynolds sold 379 shares of Amazon.com stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,775.43, for a total transaction of $672,887.97. Following the completion of the sale, the vice president now directly owns 6,307 shares in the company, valued at $11,197,637.01. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 7,308 shares of the business’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the sale, the chief executive officer now directly owns 92,614 shares of the company’s stock, valued at $185,228,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,714 shares of company stock worth $51,174,807. Corporate insiders own 16.10% of the company’s stock.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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