Amazon.com, Inc. (NASDAQ:AMZN) Position Reduced by Marsico Capital Management LLC
Marsico Capital Management LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.6% during the first quarter, Holdings Channel reports. The institutional investor owned 161,747 shares of the e-commerce giant’s stock after selling 17,232 shares during the period. Amazon.com accounts for approximately 6.2% of Marsico Capital Management LLC’s portfolio, making the stock its 2nd largest position. Marsico Capital Management LLC’s holdings in Amazon.com were worth $143,395,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Allen Operations LLC bought a new stake in Amazon.com during the first quarter valued at approximately $232,000. HighVista Strategies LLC bought a new stake in Amazon.com during the first quarter valued at approximately $3,812,000. Schwab Charles Investment Management Inc. increased its stake in Amazon.com by 2.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,264,887 shares of the e-commerce giant’s stock valued at $1,121,373,000 after buying an additional 29,920 shares in the last quarter. Nicholas Investment Partners LP increased its stake in Amazon.com by 47.0% in the first quarter. Nicholas Investment Partners LP now owns 5,344 shares of the e-commerce giant’s stock valued at $4,738,000 after buying an additional 1,709 shares in the last quarter. Finally, Brown Advisory Securities LLC increased its stake in Amazon.com by 2.5% in the first quarter. Brown Advisory Securities LLC now owns 12,818 shares of the e-commerce giant’s stock valued at $11,359,000 after buying an additional 312 shares in the last quarter. 62.17% of the stock is owned by hedge funds and other institutional investors.
Shares of Amazon.com, Inc. (NASDAQ AMZN) traded up 1.041% during trading on Friday, hitting $966.883. The stock had a trading volume of 1,439,404 shares. The stock has a market cap of $464.47 billion, a price-to-earnings ratio of 245.901 and a beta of 1.48. Amazon.com, Inc. has a one year low of $710.10 and a one year high of $1,083.31. The stock’s 50-day moving average price is $999.07 and its 200 day moving average price is $925.01.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by $1.00. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The company had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. During the same quarter in the previous year, the firm earned $1.78 EPS. The firm’s revenue was up 24.8% on a year-over-year basis. On average, equities analysts forecast that Amazon.com, Inc. will post $3.83 EPS for the current year.
Several research firms have commented on AMZN. Cowen and Company reaffirmed an “outperform” rating and set a $1,125.00 price objective on shares of Amazon.com in a research note on Thursday. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $1,200.00 price objective on shares of Amazon.com in a research note on Thursday. Tigress Financial reaffirmed a “buy” rating on shares of Amazon.com in a research note on Wednesday. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating and set a $1,275.00 target price on shares of Amazon.com in a research note on Wednesday. Finally, Mizuho reissued a “buy” rating and set a $1,250.00 target price on shares of Amazon.com in a research note on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $1,065.61.
In related news, CEO Jeffrey A. Wilke sold 2,670 shares of the stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $1,010.64, for a total transaction of $2,698,408.80. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $10,106,400. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Tom A. Alberg sold 800 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $1,000.00, for a total transaction of $800,000.00. Following the transaction, the director now owns 20,320 shares of the company’s stock, valued at approximately $20,320,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,890 shares of company stock worth $10,800,023. Corporate insiders own 17.70% of the company’s stock.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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