Hosking Partners LLP Has $215.94 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Hosking Partners LLP lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,733 shares of the e-commerce giant’s stock after selling 7,274 shares during the quarter. Amazon.com comprises 5.3% of Hosking Partners LLP’s portfolio, making the stock its 2nd largest holding. Hosking Partners LLP’s holdings in Amazon.com were worth $215,936,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Sphinx Trading LP acquired a new position in shares of Amazon.com during the third quarter worth approximately $30,000. Lion Street Advisors LLC acquired a new position in shares of Amazon.com during the second quarter worth approximately $52,000. Lountzis Asset Management LLC lifted its holdings in shares of Amazon.com by 60.0% during the third quarter. Lountzis Asset Management LLC now owns 16 shares of the e-commerce giant’s stock worth $53,000 after buying an additional 6 shares during the last quarter. True Link Financial Advisors LLC acquired a new position in shares of Amazon.com in the second quarter valued at $72,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of Amazon.com in the second quarter valued at $96,000. 56.96% of the stock is owned by hedge funds and other institutional investors.

Shares of Amazon.com stock opened at $3,242.76 on Friday. The business’s 50 day simple moving average is $3,438.21 and its 200 day simple moving average is $3,427.83. Amazon.com, Inc. has a 52-week low of $2,881.00 and a 52-week high of $3,773.08. The firm has a market cap of $1.64 trillion, a PE ratio of 63.43, a P/E/G ratio of 2.62 and a beta of 1.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.87 and a current ratio of 1.12.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Wednesday, October 27th. The e-commerce giant reported $6.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $9.10 by ($2.98). Amazon.com had a net margin of 5.73% and a return on equity of 24.31%. The firm had revenue of $110.81 billion during the quarter, compared to analyst estimates of $111.66 billion. During the same period in the prior year, the business posted $12.37 EPS. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, equities research analysts predict that Amazon.com, Inc. will post 40.79 EPS for the current year.

In other Amazon.com news, insider Jeffrey P. Bezos sold 50,034 shares of the firm’s stock in a transaction that occurred on Tuesday, November 2nd. The stock was sold at an average price of $3,319.45, for a total value of $166,085,361.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 34 shares of the firm’s stock in a transaction that occurred on Wednesday, January 5th. The shares were sold at an average price of $3,337.66, for a total value of $113,480.44. The disclosure for this sale can be found here. In the last three months, insiders sold 86,314 shares of company stock worth $292,824,570. 14.00% of the stock is owned by insiders.

A number of research analysts recently commented on the company. Cowen upped their target price on Amazon.com from $4,300.00 to $4,500.00 and gave the company an “outperform” rating in a research note on Monday, December 13th. Royal Bank of Canada cut their target price on Amazon.com from $4,150.00 to $4,000.00 and set an “outperform” rating for the company in a research note on Friday, October 29th. Telsey Advisory Group cut their target price on Amazon.com from $4,000.00 to $3,850.00 and set an “outperform” rating for the company in a research note on Friday, October 29th. BMO Capital Markets reiterated a “buy” rating and set a $4,100.00 price objective on shares of Amazon.com in a research note on Sunday, October 31st. Finally, Truist Securities increased their price objective on Amazon.com from $3,800.00 to $4,000.00 and gave the stock a “buy” rating in a research note on Friday, October 29th. Forty equities research analysts have rated the stock with a buy rating, According to MarketBeat, Amazon.com has an average rating of “Buy” and an average price target of $4,201.88.

About Amazon.com

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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

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