Liontrust Investment Partners LLP Sells 22,137 Shares of Amazon.com, Inc. $AMZN

Liontrust Investment Partners LLP decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 15.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 119,538 shares of the e-commerce giant’s stock after selling 22,137 shares during the quarter. Liontrust Investment Partners LLP’s holdings in Amazon.com were worth $26,225,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in AMZN. Barlow Wealth Partners Inc. grew its stake in shares of Amazon.com by 0.4% in the 2nd quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock valued at $2,763,000 after purchasing an additional 44 shares during the period. Ridgecrest Wealth Partners LLC boosted its stake in Amazon.com by 0.5% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock valued at $1,843,000 after buying an additional 45 shares in the last quarter. Probity Advisors Inc. grew its position in Amazon.com by 0.4% in the second quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock valued at $2,667,000 after acquiring an additional 45 shares during the period. Union Savings Bank raised its stake in Amazon.com by 0.4% during the second quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant’s stock worth $2,510,000 after acquiring an additional 45 shares in the last quarter. Finally, Doheny Asset Management CA lifted its holdings in shares of Amazon.com by 0.3% during the second quarter. Doheny Asset Management CA now owns 17,821 shares of the e-commerce giant’s stock valued at $3,910,000 after acquiring an additional 45 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In related news, CEO Matthew S. Garman sold 17,768 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $216.90, for a total value of $3,853,879.20. Following the completion of the sale, the chief executive officer owned 6,273 shares in the company, valued at approximately $1,360,613.70. This represents a 73.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $226.61, for a total value of $280,316.57. Following the transaction, the director owned 26,148 shares in the company, valued at approximately $5,925,398.28. This trade represents a 4.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 82,234 shares of company stock valued at $19,076,767 over the last quarter. 10.80% of the stock is owned by corporate insiders.

Amazon.com Trading Down 1.8%

AMZN stock opened at $226.19 on Monday. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60. The company has a market cap of $2.42 trillion, a P/E ratio of 31.95, a PEG ratio of 1.56 and a beta of 1.37. The business has a fifty day moving average of $229.35 and a 200-day moving average of $225.01.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data 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 firm had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The company’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the company earned $1.43 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AMZN shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Robert W. Baird set a $285.00 price objective on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Friday, October 31st. Wells Fargo & Company reaffirmed an “overweight” rating and set a $295.00 price objective (up previously from $292.00) on shares of Amazon.com in a report on Tuesday, December 2nd. Maxim Group boosted their target price on Amazon.com from $272.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Susquehanna set a $300.00 price target on Amazon.com and gave the stock a “positive” rating in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $295.43.

About Amazon.com

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.