Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Decreased by Point72 Italy S.r.l.

Point72 Italy S.r.l. lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 50.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,403 shares of the e-commerce giant’s stock after selling 12,823 shares during the period. Amazon.com comprises about 1.0% of Point72 Italy S.r.l.’s investment portfolio, making the stock its 18th biggest holding. Point72 Italy S.r.l.’s holdings in Amazon.com were worth $2,397,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. PayPay Securities Corp boosted its position in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Christopher J. Hasenberg Inc lifted its stake in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares during the last quarter. Steph & Co. acquired a new position in shares of Amazon.com during the first quarter valued at $65,000. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Amazon.com during the first quarter worth about $69,000. Finally, Innealta Capital LLC acquired a new stake in shares of Amazon.com in the 2nd quarter worth about $77,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,355 shares of company stock worth $9,877,423 in the last quarter. 10.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on AMZN shares. Cantor Fitzgerald restated an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a research report on Monday, October 7th. Benchmark reissued a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Sanford C. Bernstein lifted their target price on Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Wells Fargo & Company cut Amazon.com from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $225.00 to $183.00 in a research note on Monday, October 7th. Finally, Maxim Group lifted their price objective on shares of Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $236.78.

Amazon.com Stock Up 0.9 %

Shares of Amazon.com stock opened at $186.38 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The stock has a 50-day moving average price of $183.11 and a 200 day moving average price of $183.54. The company has a market cap of $1.94 trillion, a P/E ratio of 52.21, a P/E/G ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. As a group, analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.