GQG Partners LLC Sells 100,459 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

GQG Partners LLC decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 25.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 295,209 shares of the e-commerce giant’s stock after selling 100,459 shares during the period. Amazon.com accounts for about 3.0% of GQG Partners LLC’s holdings, making the stock its 13th biggest position. GQG Partners LLC’s holdings in Amazon.com were worth $1,015,224,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Laurel Wealth Planning LLC raised its position in shares of Amazon.com by 57.1% in the second quarter. Laurel Wealth Planning LLC now owns 22 shares of the e-commerce giant’s stock valued at $76,000 after purchasing an additional 8 shares during the period. Newfound Research LLC raised its position in shares of Amazon.com by 62.5% in the second quarter. Newfound Research LLC now owns 26 shares of the e-commerce giant’s stock valued at $89,000 after purchasing an additional 10 shares during the period. Horan Securities Inc. grew its stake in Amazon.com by 125.0% during the second quarter. Horan Securities Inc. now owns 27 shares of the e-commerce giant’s stock valued at $92,000 after acquiring an additional 15 shares in the last quarter. regents capital Ltd purchased a new position in Amazon.com during the first quarter valued at approximately $105,000. Finally, Strategic Point Investment Advisors LLC purchased a new position in Amazon.com during the second quarter valued at approximately $131,000. 57.67% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ AMZN traded up $21.70 during trading on Thursday, hitting $3,305.98. The company had a trading volume of 66,438 shares, compared to its average volume of 3,420,634. The company has a current ratio of 1.20, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a one year low of $2,881.00 and a one year high of $3,773.08. The company has a market cap of $1.67 trillion, a price-to-earnings ratio of 57.25, a price-to-earnings-growth ratio of 2.41 and a beta of 1.14. The company’s fifty day moving average is $3,352.11 and its 200-day moving average is $3,371.50.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Wednesday, July 28th. The e-commerce giant reported $15.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $12.22 by $2.90. Amazon.com had a net margin of 6.64% and a return on equity of 29.86%. The business had revenue of $113.08 billion during the quarter, compared to analyst estimates of $115.08 billion. As a group, equities analysts anticipate that Amazon.com, Inc. will post 52.18 EPS for the current year.

In other news, CEO Adam Selipsky sold 1,356 shares of the company’s stock in a transaction dated Monday, August 16th. The shares were sold at an average price of $3,283.00, for a total value of $4,451,748.00. Following the sale, the chief executive officer now directly owns 3,082 shares of the company’s stock, valued at approximately $10,118,206. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 492 shares of the company’s stock in a transaction dated Monday, August 23rd. The stock was sold at an average price of $3,211.90, for a total transaction of $1,580,254.80. Following the completion of the sale, the chief executive officer now directly owns 87,327 shares in the company, valued at $280,485,591.30. The disclosure for this sale can be found here. Insiders sold a total of 4,220 shares of company stock valued at $13,881,341 over the last 90 days. Company insiders own 14.00% of the company’s stock.

AMZN has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Amazon.com from $4,600.00 to $4,100.00 and set an “overweight” rating for the company in a research note on Friday, July 30th. UBS Group reduced their price objective on shares of Amazon.com from $4,350.00 to $4,020.00 and set a “buy” rating for the company in a research note on Friday, July 30th. Mizuho reduced their price objective on shares of Amazon.com from $4,400.00 to $4,100.00 and set a “buy” rating for the company in a research note on Friday, July 30th. BMO Capital Markets cut their price target on shares of Amazon.com from $4,300.00 to $4,100.00 and set an “outperform” rating for the company in a research note on Friday, July 30th. Finally, Raymond James cut their price target on shares of Amazon.com from $4,125.00 to $3,900.00 and set an “outperform” rating for the company in a research note on Friday, July 30th. One equities research analyst has rated the stock with a hold rating and thirty-nine have issued a buy rating to the company. According to MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $4,155.72.

Amazon.com Company Profile

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

Read More: How is a management fee different from a performance fee?

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.