Amazon.com, Inc. (NASDAQ:AMZN) Holdings Trimmed by Sei Investments Co.

Sei Investments Co. decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 23.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 188,270 shares of the e-commerce giant’s stock after selling 58,290 shares during the period. Amazon.com comprises approximately 1.6% of Sei Investments Co.’s holdings, making the stock its 5th largest holding. Sei Investments Co.’s holdings in Amazon.com were worth $519,851,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Woodstock Corp boosted its stake in Amazon.com by 2.2% during the 2nd quarter. Woodstock Corp now owns 182 shares of the e-commerce giant’s stock valued at $502,000 after purchasing an additional 4 shares during the period. RVW Wealth LLC increased its position in Amazon.com by 0.9% in the 2nd quarter. RVW Wealth LLC now owns 465 shares of the e-commerce giant’s stock worth $1,283,000 after buying an additional 4 shares during the period. Indiana Trust & Investment Management CO increased its position in Amazon.com by 1.0% in the 2nd quarter. Indiana Trust & Investment Management CO now owns 390 shares of the e-commerce giant’s stock worth $1,076,000 after buying an additional 4 shares during the period. Peterson Wealth Advisors LLC increased its position in Amazon.com by 1.7% in the 2nd quarter. Peterson Wealth Advisors LLC now owns 243 shares of the e-commerce giant’s stock worth $670,000 after buying an additional 4 shares during the period. Finally, Wambolt & Associates LLC increased its position in shares of Amazon.com by 1.9% during the second quarter. Wambolt & Associates LLC now owns 214 shares of the e-commerce giant’s stock valued at $590,000 after purchasing an additional 4 shares during the period. Institutional investors and hedge funds own 57.32% of the company’s stock.

Shares of NASDAQ:AMZN opened at $3,166.00 on Wednesday. The business’s 50 day simple moving average is $3,230.98 and its 200 day simple moving average is $2,603.18. Amazon.com, Inc. has a 1 year low of $1,626.03 and a 1 year high of $3,552.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.18 and a quick ratio of 0.97. The company has a market capitalization of $1,580.87 billion, a P/E ratio of 121.34, a P/E/G ratio of 3.23 and a beta of 1.32.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $8.56. Amazon.com had a return on equity of 20.47% and a net margin of 4.10%. The firm had revenue of $88.91 billion during the quarter, compared to the consensus estimate of $81.56 billion. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 31.92 EPS for the current fiscal year.

In related news, CEO Jeffrey P. Bezos sold 97,654 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $3,150.09, for a total transaction of $307,618,888.86. Following the sale, the chief executive officer now owns 54,583,923 shares in the company, valued at approximately $171,944,270,003.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 1,200 shares of Amazon.com stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $3,174.18, for a total transaction of $3,809,016.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $31,741,800. The disclosure for this sale can be found here. Insiders have sold 102,815 shares of company stock valued at $324,095,003 in the last ninety days. 16.10% of the stock is currently owned by company insiders.

A number of brokerages have commented on AMZN. BofA Securities raised their price target on shares of Amazon.com from $3,280.00 to $3,560.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Credit Suisse Group boosted their target price on shares of Amazon.com from $3,400.00 to $3,680.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. MKM Partners increased their target price on shares of Amazon.com from $3,550.00 to $3,650.00 in a research report on Friday, July 31st. Wedbush upped their price objective on shares of Amazon.com from $3,500.00 to $3,700.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Amazon.com from $3,000.00 to $4,050.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Six investment analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $3,291.50.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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