UBS Oconnor LLC Lowers Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

UBS Oconnor LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 46.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,850 shares of the e-commerce giant’s stock after selling 2,503 shares during the quarter. UBS Oconnor LLC’s holdings in Amazon.com were worth $5,397,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Amazon.com by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 31,312,832 shares of the e-commerce giant’s stock worth $59,294,918,000 after purchasing an additional 387,740 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Amazon.com by 1.6% in the 2nd quarter. BlackRock Inc. now owns 26,082,028 shares of the e-commerce giant’s stock worth $49,389,711,000 after purchasing an additional 415,448 shares in the last quarter. Thoroughbred Financial Services LLC increased its holdings in shares of Amazon.com by 191,406.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 9,307,191 shares of the e-commerce giant’s stock worth $930,719,000 after purchasing an additional 9,302,331 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Amazon.com by 1.2% in the 2nd quarter. Northern Trust Corp now owns 4,997,392 shares of the e-commerce giant’s stock worth $9,463,210,000 after purchasing an additional 57,712 shares in the last quarter. Finally, Baillie Gifford & Co. increased its holdings in shares of Amazon.com by 0.9% in the 2nd quarter. Baillie Gifford & Co. now owns 4,449,842 shares of the e-commerce giant’s stock worth $8,426,354,000 after purchasing an additional 41,699 shares in the last quarter. Institutional investors and hedge funds own 55.71% of the company’s stock.

In related news, CEO Jeffrey A. Wilke sold 3,475 shares of Amazon.com stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,773.99, for a total transaction of $6,164,615.25. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $17,739,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 7,308 shares of Amazon.com stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total value of $14,616,000.00. Following the transaction, the chief executive officer now owns 92,614 shares in the company, valued at $185,228,000. The disclosure for this sale can be found here. Insiders have sold 30,514 shares of company stock worth $56,347,835 over the last quarter. 16.10% of the stock is owned by company insiders.



A number of analysts have commented on AMZN shares. Robert W. Baird set a $2,150.00 target price on Amazon.com and gave the stock an “outperform” rating in a report on Friday, July 26th. Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a report on Friday, July 26th. MKM Partners reissued a “buy” rating and issued a $2,350.00 target price (up previously from $2,240.00) on shares of Amazon.com in a report on Friday, August 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $2,600.00 target price (up previously from $2,250.00) on shares of Amazon.com in a report on Tuesday, September 3rd. Finally, Barclays raised Amazon.com from an “outperform” rating to a “buy” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have assigned a buy rating to the company’s stock. Amazon.com presently has a consensus rating of “Buy” and an average price target of $2,259.84.

NASDAQ AMZN traded up $4.04 on Thursday, hitting $1,821.50. 1,160,656 shares of the company traded hands, compared to its average volume of 2,736,707. The company has a market capitalization of $894.26 billion, a price-to-earnings ratio of 90.44, a P/E/G ratio of 2.34 and a beta of 1.57. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average price is $1,805.21 and its 200-day moving average price is $1,841.70. Amazon.com, Inc. has a 52-week low of $1,307.00 and a 52-week high of $2,035.80.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.29 by ($0.07). The company had revenue of $63.40 billion for the quarter, compared to analysts’ expectations of $62.59 billion. Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. Amazon.com’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the firm posted $5.07 earnings per share. As a group, sell-side analysts predict that Amazon.com, Inc. will post 24.01 earnings per share for the current year.

Amazon.com Company Profile

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.

Featured Article: What is Net Asset Value (NAV)?

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.