Cooper Investors PTY Ltd. Sells 40,126 Shares of Amazon.com, Inc. $AMZN

Cooper Investors PTY Ltd. decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 61.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,774 shares of the e-commerce giant’s stock after selling 40,126 shares during the quarter. Amazon.com accounts for about 1.5% of Cooper Investors PTY Ltd.’s investment portfolio, making the stock its 26th largest position. Cooper Investors PTY Ltd.’s holdings in Amazon.com were worth $5,440,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Carderock Capital Management Inc. purchased a new stake in Amazon.com in the 2nd quarter worth $27,000. Maryland Capital Advisors Inc. lifted its position in shares of Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 95 shares in the last quarter. Ryan Investment Management Inc. bought a new position in shares of Amazon.com in the second quarter worth about $48,000. Cooksen Wealth LLC boosted its stake in shares of Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after acquiring an additional 47 shares during the period. Finally, Access Investment Management LLC purchased a new stake in shares of Amazon.com during the second quarter worth about $74,000. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMZN has been the subject of a number of research reports. Robert W. Baird set a $285.00 target price on shares of Amazon.com and gave the stock an “outperform” rating in a research report on Friday, October 31st. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a report on Monday, December 8th. Bank of America lifted their target price on Amazon.com from $272.00 to $303.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Amazon.com in a research report on Monday. Finally, UBS Group set a $300.00 price target on Amazon.com in a report on Friday, December 5th. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $295.50.

View Our Latest Stock Analysis on AMZN

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

Insider Buying and Selling at Amazon.com

In other news, CEO Matthew S. Garman sold 17,768 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the sale, the chief executive officer owned 6,273 shares in the company, valued at $1,360,613.70. This represents a 73.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $216.94, for a total value of $4,311,031.68. Following the sale, the chief executive officer directly owned 2,208,310 shares in the company, valued at $479,070,771.40. This represents a 0.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 79,734 shares of company stock worth $18,534,017. 9.70% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Shares of AMZN stock opened at $226.50 on Friday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60. The stock has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 31.99, a P/E/G ratio of 1.45 and a beta of 1.37. The stock has a fifty day simple moving average of $232.10 and a two-hundred day simple moving average of $226.68. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The business had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 earnings per share. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

See Also

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

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