Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Dupont Capital Management Corp

Dupont Capital Management Corp cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 220,264 shares of the e-commerce giant’s stock after selling 7,646 shares during the period. Amazon.com comprises approximately 3.7% of Dupont Capital Management Corp’s portfolio, making the stock its 6th largest position. Dupont Capital Management Corp’s holdings in Amazon.com were worth $42,566,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AMZN. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after buying an additional 14,724,687 shares during the last quarter. Norges Bank acquired a new stake in shares of Amazon.com in the 4th quarter worth $17,700,551,000. Capital Research Global Investors increased its stake in shares of Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after acquiring an additional 6,810,145 shares during the period. Jennison Associates LLC lifted its position in Amazon.com by 0.5% in the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock valued at $10,221,446,000 after purchasing an additional 295,132 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Amazon.com by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock worth $7,888,870,000 after purchasing an additional 1,525,922 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AMZN shares. Robert W. Baird increased their price target on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a report on Friday, June 21st. Wells Fargo & Company dropped their price objective on Amazon.com from $232.00 to $225.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. Wedbush reissued an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a report on Friday, August 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $215.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Finally, Piper Sandler reduced their target price on Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus price target of $222.31.

Amazon.com Price Performance

AMZN stock opened at $176.25 on Wednesday. The firm has a 50-day moving average of $182.34 and a two-hundred day moving average of $181.26. The firm has a market capitalization of $1.83 trillion, a PE ratio of 49.37, a P/E/G ratio of 1.34 and a beta of 1.15. 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 one year low of $118.35 and a one year high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 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 firm had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. On average, analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 1,228,993 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the completion of the sale, the insider now directly owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $195.99, for a total transaction of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares in the company, valued at approximately $101,866,390.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $200.36, for a total value of $246,241,037.48. Following the completion of the transaction, the insider now directly owns 930,696,284 shares of the company’s stock, valued at approximately $186,474,307,462.24. The disclosure for this sale can be found here. Insiders have sold a total of 6,104,317 shares of company stock valued at $1,220,621,322 in the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

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.