BW Gestao de Investimentos Ltda. Decreases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

BW Gestao de Investimentos Ltda. reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 69.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,030 shares of the e-commerce giant’s stock after selling 4,590 shares during the quarter. Amazon.com makes up 2.8% of BW Gestao de Investimentos Ltda.’s holdings, making the stock its 11th largest position. BW Gestao de Investimentos Ltda.’s holdings in Amazon.com were worth $6,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC lifted its stake in shares of Amazon.com by 1.3% during the 2nd quarter. FMR LLC now owns 16,051,633 shares of the e-commerce giant’s stock worth $44,283,569,000 after purchasing an additional 212,006 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Amazon.com by 18.5% in the second quarter. Bank of New York Mellon Corp now owns 4,516,147 shares of the e-commerce giant’s stock valued at $12,459,236,000 after buying an additional 704,255 shares during the last quarter. Jennison Associates LLC raised its stake in Amazon.com by 3.3% in the third quarter. Jennison Associates LLC now owns 2,795,144 shares of the e-commerce giant’s stock valued at $8,801,154,000 after buying an additional 88,098 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Amazon.com by 1.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,922,215 shares of the e-commerce giant’s stock valued at $5,303,045,000 after buying an additional 36,764 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Amazon.com by 6.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,827,536 shares of the e-commerce giant’s stock valued at $5,754,417,000 after buying an additional 104,596 shares during the last quarter. Hedge funds and other institutional investors own 52.82% of the company’s stock.

In other Amazon.com news, Director Jonathan Rubinstein sold 309 shares of Amazon.com stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $3,319.97, for a total value of $1,025,870.73. Following the sale, the director now owns 6,900 shares in the company, valued at $22,907,793. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction on Tuesday, December 1st. The shares were sold at an average price of $3,200.59, for a total value of $6,401,180.00. Following the completion of the sale, the chief executive officer now owns 7,459 shares in the company, valued at approximately $23,873,200.81. The disclosure for this sale can be found here. Insiders sold 14,613 shares of company stock worth $45,262,469 in the last 90 days. Company insiders own 16.10% of the company’s stock.

Shares of Amazon.com stock opened at $3,186.73 on Friday. Amazon.com, Inc. has a one year low of $1,626.03 and a one year high of $3,552.25. The company has a market cap of $1,598.94 billion, a price-to-earnings ratio of 93.32, a PEG ratio of 3.23 and a beta of 1.20. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.88 and a current ratio of 1.11. The business’s 50 day moving average price is $3,176.19 and its 200 day moving average price is $3,025.42.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, November 3rd. The e-commerce giant reported $12.37 EPS for the quarter, topping the Zacks’ consensus estimate of $7.41 by $4.96. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. The firm had revenue of $96.15 billion for the quarter, compared to the consensus estimate of $92.56 billion. During the same quarter last year, the business posted $4.23 earnings per share. The firm’s revenue was up 37.4% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post 34.03 EPS for the current fiscal year.

A number of equities research analysts have commented on the company. Barclays increased their price target on Amazon.com from $3,530.00 to $3,660.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. The Goldman Sachs Group restated a “buy” rating on shares of Amazon.com in a research note on Friday, October 30th. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a research note on Monday, October 12th. Morgan Stanley reduced their price objective on Amazon.com from $3,750.00 to $3,740.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. Finally, Pivotal Research raised their price objective on Amazon.com from $3,925.00 to $4,500.00 and gave the stock a “buy” rating in a research note on Thursday, October 1st. Four analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the stock. Amazon.com has an average rating of “Buy” and an average price target of $3,587.67.

About Amazon.com

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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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

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