Pendal Group Ltd reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.8% during the 4th quarter, HoldingsChannel reports. The fund owned 20,897 shares of the e-commerce giant’s stock after selling 3,340 shares during the quarter. Pendal Group Ltd’s holdings in Amazon.com were worth $31,387,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Spence Asset Management increased its stake in Amazon.com by 127.3% in the fourth quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock valued at $38,000 after purchasing an additional 14 shares during the period. Contravisory Investment Management Inc. increased its stake in Amazon.com by 112.5% in the fourth quarter. Contravisory Investment Management Inc. now owns 34 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 18 shares during the period. O Brien Wealth Partners LLC increased its stake in Amazon.com by 104.8% in the fourth quarter. O Brien Wealth Partners LLC now owns 43 shares of the e-commerce giant’s stock valued at $72,000 after purchasing an additional 22 shares during the period. Mascoma Wealth Management LLC increased its stake in Amazon.com by 15.6% in the fourth quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock valued at $78,000 after purchasing an additional 7 shares during the period. Finally, Cordasco Financial Network increased its stake in Amazon.com by 17.4% in the fourth quarter. Cordasco Financial Network now owns 54 shares of the e-commerce giant’s stock valued at $81,000 after purchasing an additional 8 shares during the period. Hedge funds and other institutional investors own 56.06% of the company’s stock.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $1,811.14, for a total value of $3,622,280.00. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $18,111,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $1,934.42, for a total transaction of $4,836,050.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $19,344,200. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,075 shares of company stock worth $21,454,483. 16.10% of the stock is owned by insiders.

A number of research firms have commented on AMZN. Goldman Sachs Group restated a “buy” rating and issued a $2,400.00 price objective (up from $2,100.00) on shares of Amazon.com in a research note on Friday, April 26th. Citigroup restated an “in-line” rating and issued a $2,000.00 price objective on shares of Amazon.com in a research note on Friday, February 1st. CIBC lifted their price objective on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Aegis restated a “buy” rating and issued a $2,250.00 price objective (up from $2,225.00) on shares of Amazon.com in a research note on Friday, April 26th. Finally, Zacks Investment Research lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, January 28th. Five research analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $2,181.89.

AMZN stock opened at $1,871.15 on Thursday. The stock has a market cap of $897.36 billion, a P/E ratio of 92.91, a P/E/G ratio of 2.07 and a beta of 1.62. Amazon.com, Inc. has a 52 week low of $1,307.00 and a 52 week high of $2,050.50. The company has a current ratio of 1.09, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, April 25th. The e-commerce giant reported $7.09 EPS for the quarter, topping analysts’ consensus estimates of $4.61 by $2.48. The firm had revenue of $59.70 billion for the quarter, compared to the consensus estimate of $59.73 billion. Amazon.com had a net margin of 4.97% and a return on equity of 28.91%. The firm’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.27 earnings per share. On average, equities analysts predict that Amazon.com, Inc. will post 26.59 earnings per share for the current year.

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Amazon.com 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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