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.
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.
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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