Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by British Airways Pensions Investment Management Ltd

British Airways Pensions Investment Management Ltd decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,742 shares of the e-commerce giant’s stock after selling 4,241 shares during the quarter. Amazon.com comprises approximately 1.7% of British Airways Pensions Investment Management Ltd’s investment portfolio, making the stock its 9th largest holding. British Airways Pensions Investment Management Ltd’s holdings in Amazon.com were worth $39,478,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Bath Savings Trust Co increased its stake in Amazon.com by 7.3% in the 2nd quarter. Bath Savings Trust Co now owns 4,076 shares of the e-commerce giant’s stock valued at $7,718,000 after buying an additional 276 shares during the period. Advisory Services Network LLC increased its stake in Amazon.com by 25.1% in the 2nd quarter. Advisory Services Network LLC now owns 10,767 shares of the e-commerce giant’s stock valued at $20,388,000 after buying an additional 2,159 shares during the period. LVM Capital Management Ltd. MI increased its stake in Amazon.com by 9.7% in the 2nd quarter. LVM Capital Management Ltd. MI now owns 227 shares of the e-commerce giant’s stock valued at $430,000 after buying an additional 20 shares during the period. Private Asset Management Inc. increased its stake in Amazon.com by 1.6% in the 2nd quarter. Private Asset Management Inc. now owns 5,716 shares of the e-commerce giant’s stock valued at $10,824,000 after buying an additional 92 shares during the period. Finally, South Texas Money Management Ltd. increased its stake in Amazon.com by 5.5% in the 2nd quarter. South Texas Money Management Ltd. now owns 24,766 shares of the e-commerce giant’s stock valued at $46,898,000 after buying an additional 1,287 shares during the period. 55.60% of the stock is owned by institutional investors.

Several research analysts have weighed in on AMZN shares. Cowen set a $2,400.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research note on Friday, October 25th. Benchmark dropped their price objective on shares of Amazon.com from $2,300.00 to $2,100.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Barclays dropped their price objective on shares of Amazon.com from $2,180.00 to $2,000.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $2,200.00 price objective on shares of Amazon.com in a research note on Friday, October 25th. Finally, Deutsche Bank set a $2,150.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research note on Friday, October 25th. One equities research 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 company’s stock. The stock has an average rating of “Buy” and a consensus price target of $2,189.97.

In related news, Director Judith A. Mcgrath sold 304 shares of Amazon.com stock in a transaction on Monday, October 28th. The shares were sold at an average price of $1,749.91, for a total value of $531,972.64. Following the transaction, the director now owns 2,324 shares in the company, valued at approximately $4,066,790.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Indra K. Nooyi bought 100 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was purchased at an average price of $1,726.06 per share, for a total transaction of $172,606.00. Following the acquisition, the director now directly owns 250 shares in the company, valued at $431,515. The disclosure for this purchase can be found here. Insiders sold a total of 22,747 shares of company stock worth $40,737,808 in the last quarter. Insiders own 16.10% of the company’s stock.

Shares of AMZN opened at $1,785.88 on Friday. The company has a market capitalization of $893.28 billion, a PE ratio of 88.67, a price-to-earnings-growth ratio of 3.20 and a beta of 1.56. Amazon.com, Inc. has a one year low of $1,307.00 and a one year high of $2,035.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.10 and a quick ratio of 0.84. The company’s fifty day moving average price is $1,759.09 and its 200 day moving average price is $1,840.01.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the consensus estimate of $4.46 by ($0.23). The firm had revenue of $69.98 billion during the quarter, compared to the consensus estimate of $68.72 billion. Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The business’s revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the business earned $5.75 EPS. Analysts anticipate that Amazon.com, Inc. will post 20.52 earnings per share for the current year.

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

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

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