Amazon.com, Inc. (NASDAQ:AMZN) Holdings Cut by Manchester Global Management UK Ltd

Manchester Global Management UK Ltd reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 27.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 172,028 shares of the e-commerce giant’s stock after selling 65,000 shares during the period. Amazon.com makes up approximately 5.8% of Manchester Global Management UK Ltd’s investment portfolio, making the stock its 5th biggest position. Manchester Global Management UK Ltd’s holdings in Amazon.com were worth $33,244,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AMZN. Providence Capital Advisors LLC lifted its stake in shares of Amazon.com by 68.9% in the second quarter. Providence Capital Advisors LLC now owns 75,373 shares of the e-commerce giant’s stock worth $14,566,000 after acquiring an additional 30,739 shares in the last quarter. Resources Management Corp CT ADV raised its position in shares of Amazon.com by 4.8% in the 2nd quarter. Resources Management Corp CT ADV now owns 17,361 shares of the e-commerce giant’s stock valued at $3,355,000 after purchasing an additional 798 shares in the last quarter. RDST Capital LLC boosted its stake in shares of Amazon.com by 6.4% during the 2nd quarter. RDST Capital LLC now owns 31,580 shares of the e-commerce giant’s stock valued at $6,103,000 after buying an additional 1,890 shares during the last quarter. Morse Asset Management Inc grew its position in shares of Amazon.com by 5.6% during the second quarter. Morse Asset Management Inc now owns 85,802 shares of the e-commerce giant’s stock worth $16,581,000 after buying an additional 4,560 shares in the last quarter. Finally, Davidson Kempner Capital Management LP increased its stake in shares of Amazon.com by 4.7% in the second quarter. Davidson Kempner Capital Management LP now owns 545,000 shares of the e-commerce giant’s stock worth $105,370,000 after buying an additional 24,451 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,355 shares of company stock worth $9,877,423 in the last three months. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $184.71 on Thursday. The company has a 50-day moving average of $183.11 and a 200-day moving average of $183.54. The firm has a market cap of $1.92 trillion, a price-to-earnings ratio of 51.74, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. 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 twelve month low of $118.35 and a twelve month high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of a number of research analyst reports. Jefferies Financial Group reduced their price objective on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. DA Davidson reiterated a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Bank of America lowered their price objective on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 2nd. The Goldman Sachs Group reduced their target price on Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $210.00 price target on shares of Amazon.com in a report on Thursday, October 3rd. Two investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

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.