AlTi Global Inc. Has $17.57 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

AlTi Global Inc. reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 90,937 shares of the e-commerce giant’s stock after selling 2,125 shares during the quarter. Amazon.com comprises 0.5% of AlTi Global Inc.’s holdings, making the stock its 29th biggest holding. AlTi Global Inc.’s holdings in Amazon.com were worth $17,574,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. High Net Worth Advisory Group LLC increased its holdings in Amazon.com by 9.8% during the first quarter. High Net Worth Advisory Group LLC now owns 26,956 shares of the e-commerce giant’s stock worth $4,862,000 after buying an additional 2,417 shares during the last quarter. Purus Wealth Management LLC grew its holdings in Amazon.com by 5.8% during the first quarter. Purus Wealth Management LLC now owns 46,724 shares of the e-commerce giant’s stock worth $8,428,000 after purchasing an additional 2,563 shares during the period. Anderson Hoagland & Co. increased its position in Amazon.com by 8.9% during the first quarter. Anderson Hoagland & Co. now owns 198,827 shares of the e-commerce giant’s stock worth $36,966,000 after buying an additional 16,314 shares during the last quarter. Cherrydale Wealth Management LLC raised its stake in Amazon.com by 20.3% in the first quarter. Cherrydale Wealth Management LLC now owns 6,327 shares of the e-commerce giant’s stock valued at $1,141,000 after buying an additional 1,067 shares during the period. Finally, Westend Capital Management LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $8,918,000. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMZN has been the topic of a number of research analyst reports. Sanford C. Bernstein increased their price target on Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Pivotal Research began coverage on shares of Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 price target on the stock. Scotiabank began coverage on Amazon.com in a research note on Friday, October 11th. They set a “sector outperform” rating and a $245.00 target price on the stock. Benchmark restated a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $236.78.

Amazon.com Trading Up 0.9 %

NASDAQ AMZN opened at $186.38 on Friday. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.94 trillion, a PE ratio of 52.21, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The business’s 50-day moving average price is $183.11 and its two-hundred day moving average price is $183.54.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The business had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current year.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred 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 $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 SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,355 shares of company stock valued at $9,877,423. 10.80% of the stock is currently owned by insiders.

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.