Sarasin & Partners LLP Has $585.49 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Sarasin & Partners LLP trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,142,204 shares of the e-commerce giant's stock after selling 435,931 shares during the quarter. Amazon.com makes up 5.5% of Sarasin & Partners LLP's investment portfolio, making the stock its 3rd largest position. Sarasin & Partners LLP's holdings in Amazon.com were worth $585,487,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. PayPay Securities Corp grew its position in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after buying an additional 64 shares during the last quarter. Hoese & Co LLP purchased a new position in shares of Amazon.com in the 3rd quarter valued at $37,000. Christopher J. Hasenberg Inc grew its position in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after buying an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Amazon.com in the 1st quarter valued at $69,000. Finally, Innealta Capital LLC purchased a new position in shares of Amazon.com in the 2nd quarter valued at $77,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company's stock, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company's stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,859 shares of company stock valued at $10,215,097. Corporate insiders own 10.80% of the company's stock.

Amazon.com Stock Down 0.9 %

NASDAQ AMZN traded down $1.87 on Friday, reaching $208.18. The company had a trading volume of 36,040,942 shares, compared to its average volume of 41,437,816. The firm has a market capitalization of $2.19 trillion, a PE ratio of 44.58, a P/E/G ratio of 1.34 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $139.52 and a 1 year high of $212.25. The firm has a 50-day moving average of $187.83 and a 200-day moving average of $184.62. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business's revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 5.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AMZN shares. Bank of America raised their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Piper Sandler boosted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Truist Financial increased their target price on Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Sanford C. Bernstein increased their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $236.00 price target (up from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $234.55.

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.