Cypress Funds LLC Cuts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cypress Funds LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 13.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 566,533 shares of the e-commerce giant's stock after selling 85,767 shares during the period. Amazon.com accounts for about 14.7% of Cypress Funds LLC's investment portfolio, making the stock its 2nd largest position. Cypress Funds LLC's holdings in Amazon.com were worth $109,483,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock worth $141,744,609,000 after purchasing an additional 14,724,687 shares during the last quarter. Norges Bank bought a new stake in shares of Amazon.com in the fourth quarter valued at approximately $17,700,551,000. Capital Research Global Investors boosted its position in shares of Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock valued at $15,689,968,000 after acquiring an additional 6,810,145 shares during the period. Bank of New York Mellon Corp increased its position in Amazon.com by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant's stock worth $13,091,909,000 after acquiring an additional 289,532 shares during the period. Finally, Jennison Associates LLC increased its position in Amazon.com by 0.5% during the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant's stock worth $10,221,446,000 after acquiring an additional 295,132 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Down 0.9 %

AMZN traded down $1.64 during trading on Monday, reaching $186.33. 41,585,018 shares of the company's stock were exchanged, compared to its average volume of 42,168,637. The company's fifty day moving average price is $178.92 and its 200-day moving average price is $182.68. The firm has a market capitalization of $1.94 trillion, a PE ratio of 51.81, a P/E/G ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion during the quarter, compared to analysts' expectations of $148.63 billion. As a group, equities analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current year.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company's stock, valued at $371,759,651.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP David Zapolsky sold 2,190 shares of the business's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred 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. The disclosure for this sale can be found here. Insiders sold a total of 6,098,297 shares of company stock valued at $1,219,443,957 in the last ninety days. 10.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AMZN shares. Robert W. Baird raised their price target on shares of Amazon.com from $210.00 to $213.00 and gave the stock an "outperform" rating in a research report on Friday, June 21st. Truist Financial raised their price objective on Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a research report on Monday. JPMorgan Chase & Co. lowered their price objective on Amazon.com from $240.00 to $230.00 and set an "overweight" rating on the stock in a research report on Friday, August 2nd. Itau BBA Securities lowered shares of Amazon.com from an "outperform" rating to a "market perform" rating and set a $186.00 price target on the stock. in a report on Friday, August 2nd. Finally, TD Securities raised their price objective on shares of Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. One analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $223.65.

Amazon.com Company Profile

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.