Makena Capital Management LLC Has $23.12 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Makena Capital Management LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 119,661 shares of the e-commerce giant's stock after selling 3,353 shares during the period. Amazon.com comprises approximately 5.4% of Makena Capital Management LLC's investment portfolio, making the stock its biggest position. Makena Capital Management LLC's holdings in Amazon.com were worth $23,124,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. PayPay Securities Corp raised its position in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Christopher J. Hasenberg Inc lifted its stake in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after acquiring an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. bought a new stake in Amazon.com in the first quarter valued at approximately $69,000. Innealta Capital LLC bought a new stake in Amazon.com in the second quarter valued at approximately $77,000. Finally, Abich Financial Wealth Management LLC increased its position in Amazon.com by 84.7% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant's stock valued at $84,000 after purchasing an additional 199 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the transaction, the chief executive officer now directly owns 503,753 shares in the company, valued at approximately $95,335,255.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the transaction, the chief executive officer now directly owns 503,753 shares in the company, valued at approximately $95,335,255.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the business's stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company's stock, valued at approximately $12,171,900. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,355 shares of company stock valued at $9,877,423 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of AMZN stock traded up $1.45 on Friday, hitting $187.83. 29,362,060 shares of the stock were exchanged, compared to its average volume of 40,993,910. The firm's 50 day moving average is $183.50 and its two-hundred day moving average is $183.57. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The firm has a market capitalization of $1.95 trillion, a PE ratio of 52.61, a P/E/G ratio of 1.38 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Sell-side analysts expect that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AMZN shares. JPMorgan Chase & Co. reduced their price objective on shares of Amazon.com from $240.00 to $230.00 and set an "overweight" rating on the stock in a research note on Friday, August 2nd. Wedbush reiterated an "outperform" rating and set a $225.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Bank of America dropped their price objective on Amazon.com from $220.00 to $210.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Wells Fargo & Company downgraded Amazon.com from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $225.00 to $183.00 in a report on Monday, October 7th. Finally, TD Cowen increased their price target on Amazon.com from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $236.78.

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.