Rothschild & Co. Asset Management US Inc. Sells 6,173 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Rothschild & Co. Asset Management US Inc. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,947 shares of the e-commerce giant’s stock after selling 6,173 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in Amazon.com were worth $58,603,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pachira Investments Inc. raised its holdings in Amazon.com by 4.3% in the 2nd quarter. Pachira Investments Inc. now owns 120 shares of the e-commerce giant’s stock valued at $227,000 after acquiring an additional 5 shares in the last quarter. West Oak Capital LLC raised its holdings in Amazon.com by 0.3% in the 2nd quarter. West Oak Capital LLC now owns 1,455 shares of the e-commerce giant’s stock valued at $2,755,000 after acquiring an additional 5 shares in the last quarter. Dorsey Wright & Associates raised its holdings in Amazon.com by 0.4% in the 2nd quarter. Dorsey Wright & Associates now owns 1,476 shares of the e-commerce giant’s stock valued at $2,795,000 after acquiring an additional 6 shares in the last quarter. RDA Financial Network raised its holdings in Amazon.com by 0.8% in the 2nd quarter. RDA Financial Network now owns 806 shares of the e-commerce giant’s stock valued at $1,574,000 after acquiring an additional 6 shares in the last quarter. Finally, Altman Advisors Inc. raised its holdings in Amazon.com by 0.3% in the 2nd quarter. Altman Advisors Inc. now owns 1,962 shares of the e-commerce giant’s stock valued at $3,715,000 after acquiring an additional 6 shares in the last quarter. Institutional investors own 57.07% of the company’s stock.

Several equities analysts have commented on the company. ValuEngine raised Amazon.com from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Mizuho reaffirmed a “buy” rating and issued a $2,200.00 price target (up previously from $2,080.00) on shares of Amazon.com in a report on Friday, July 26th. UBS Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, July 26th. Deutsche Bank upped their price target on Amazon.com from $2,315.00 to $2,515.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Finally, Loop Capital set a $2,380.00 price target on Amazon.com and gave the company a “buy” rating in a report on Monday, July 15th. Three investment analysts have rated the stock with a hold rating and forty-two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $2,251.95.

NASDAQ AMZN traded down $25.31 during trading hours on Friday, reaching $1,807.58. 2,594,720 shares of the company’s stock were exchanged, compared to its average volume of 3,778,231. The company has a market cap of $906.65 billion, a PE ratio of 89.75, a PEG ratio of 2.32 and a beta of 1.55. Amazon.com, Inc. has a one year low of $1,307.00 and a one year high of $2,050.50. The business’s fifty day simple moving average is $1,923.98. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing the Zacks’ consensus estimate of $5.29 by ($0.07). The business had revenue of $63.40 billion for the quarter, compared to the consensus estimate of $62.59 billion. Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The firm’s revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the company earned $5.07 earnings per share. On average, equities analysts forecast that Amazon.com, Inc. will post 24.52 earnings per share for the current fiscal year.

In other Amazon.com news, insider David Zapolsky sold 763 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total value of $1,526,000.00. Following the transaction, the insider now directly owns 2,698 shares in the company, valued at approximately $5,396,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 379 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $1,838.32, for a total value of $696,723.28. Following the completion of the transaction, the vice president now owns 6,307 shares in the company, valued at $11,594,284.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,993 shares of company stock worth $27,046,432. 16.10% of the stock is owned by corporate insiders.

About Amazon.com

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.

See Also: Equity Income

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

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