Tpg Gp A LLC Sells 11,454 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Tpg Gp A LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 447,910 shares of the e-commerce giant’s stock after selling 11,454 shares during the quarter. Amazon.com accounts for approximately 2.0% of Tpg Gp A LLC’s investment portfolio, making the stock its 14th largest position. Tpg Gp A LLC’s holdings in Amazon.com were worth $86,559,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. High Net Worth Advisory Group LLC boosted its holdings in shares of Amazon.com by 9.8% in the 1st quarter. High Net Worth Advisory Group LLC now owns 26,956 shares of the e-commerce giant’s stock worth $4,862,000 after purchasing an additional 2,417 shares during the period. Purus Wealth Management LLC lifted its position in Amazon.com by 5.8% in the first quarter. Purus Wealth Management LLC now owns 46,724 shares of the e-commerce giant’s stock worth $8,428,000 after buying an additional 2,563 shares during the last quarter. Anderson Hoagland & Co. boosted its stake 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 period. Cherrydale Wealth Management LLC increased its position in Amazon.com by 20.3% during 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 acquiring an additional 1,067 shares during the last quarter. Finally, Westend Capital Management LLC purchased a new stake in shares of Amazon.com in the first quarter valued at $8,918,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.9 %

Shares of NASDAQ:AMZN opened at $186.38 on Friday. The business’s 50-day moving average is $183.11 and its 200 day moving average is $183.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The firm has a market capitalization 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 data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. On average, research analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was 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 through this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,355 shares of company stock valued at $9,877,423. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMZN. Evercore ISI reaffirmed an “outperform” rating and set a $240.00 price target on shares of Amazon.com in a research note on Friday, October 11th. Wells Fargo & Company cut Amazon.com from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $225.00 to $183.00 in a research note on Monday, October 7th. DA Davidson reissued a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Benchmark restated a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Amazon.com in a research note on Thursday. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $236.78.

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.