Amazon.com, Inc. (NASDAQ:AMZN) is Ithaka Group LLC’s Largest Position

Ithaka Group LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 238,416 shares of the e-commerce giant’s stock after selling 6,699 shares during the period. Amazon.com accounts for approximately 8.5% of Ithaka Group LLC’s portfolio, making the stock its largest holding. Ithaka Group LLC’s holdings in Amazon.com were worth $46,074,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the 4th quarter valued at about $30,000. PayPay Securities Corp grew its holdings in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc grew its holdings in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares in the last quarter. Steph & Co. purchased a new position in shares of Amazon.com during the first quarter worth about $65,000. Finally, Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Amazon.com during the first quarter worth about $69,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the sale, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at $95,335,255.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $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. Insiders have sold a total of 54,355 shares of company stock valued at $9,877,423 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $187.69 on Wednesday. The stock has a market cap of $1.95 trillion, a price-to-earnings ratio of 52.57, a PEG ratio of 1.38 and a beta of 1.14. The business’s fifty day moving average is $180.63 and its 200 day moving average is $183.30. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. The company 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%. Research analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the subject of several recent analyst reports. Stifel Nicolaus cut their price objective on Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. cut their price objective on Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $215.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. UBS Group upped their target price on Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $215.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $224.00.

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.