Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Trimmed by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,930 shares of the e-commerce giant’s stock after selling 19,937 shares during the period. Amazon.com comprises about 2.9% of Westfield Capital Management Co. LP’s holdings, making the stock its 2nd biggest position. Westfield Capital Management Co. LP’s holdings in Amazon.com were worth $484,822,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of Amazon.com by 1.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,834,990 shares of the e-commerce giant’s stock worth $48,994,726,000 after purchasing an additional 199,449 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Amazon.com by 2.2% during the 1st quarter. Geode Capital Management LLC now owns 6,603,212 shares of the e-commerce giant’s stock worth $20,371,719,000 after purchasing an additional 142,586 shares during the last quarter. Capital International Investors raised its position in shares of Amazon.com by 0.4% during the 1st quarter. Capital International Investors now owns 3,133,582 shares of the e-commerce giant’s stock worth $9,694,989,000 after purchasing an additional 13,606 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Amazon.com by 4.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 2,163,750 shares of the e-commerce giant’s stock worth $6,694,816,000 after purchasing an additional 90,968 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Amazon.com by 3.3% during the 2nd quarter. Fisher Asset Management LLC now owns 1,875,097 shares of the e-commerce giant’s stock worth $6,450,634,000 after purchasing an additional 59,124 shares during the last quarter. Institutional investors own 57.67% of the company’s stock.

AMZN opened at $3,488.24 on Friday. The firm has a market cap of $1.77 trillion, a price-to-earnings ratio of 60.80, a price-to-earnings-growth ratio of 2.41 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $2,871.00 and a fifty-two week high of $3,773.08. The company’s 50-day moving average price is $3,450.60 and its 200 day moving average price is $3,336.49. The company has a quick ratio of 0.99, a current ratio of 1.20 and a debt-to-equity ratio of 0.44.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Wednesday, July 28th. The e-commerce giant reported $15.12 earnings per share for the quarter, topping the consensus estimate of $12.22 by $2.90. The firm had revenue of $113.08 billion for the quarter, compared to analyst estimates of $115.08 billion. Amazon.com had a net margin of 6.64% and a return on equity of 29.86%. Research analysts anticipate that Amazon.com, Inc. will post 52.18 earnings per share for the current year.

Several research analysts recently issued reports on AMZN shares. Bank of America cut their price objective on Amazon.com from $4,350.00 to $4,250.00 and set a “buy” rating for the company in a research report on Friday, July 30th. JPMorgan Chase & Co. cut their price target on Amazon.com from $4,600.00 to $4,100.00 and set an “overweight” rating for the company in a report on Friday, July 30th. Mizuho cut their price target on Amazon.com from $4,400.00 to $4,100.00 and set a “buy” rating for the company in a report on Friday, July 30th. Truist cut their price target on Amazon.com from $4,000.00 to $3,800.00 and set a “buy” rating for the company in a report on Friday, July 30th. Finally, Oppenheimer cut their price target on Amazon.com from $4,400.00 to $4,200.00 and set an “outperform” rating for the company in a report on Friday, July 30th. One research analyst has rated the stock with a hold rating and forty have given a buy rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and an average target price of $4,151.30.

In other Amazon.com news, CEO Adam Selipsky sold 1,356 shares of the company’s stock in a transaction dated Monday, August 16th. The shares were sold at an average price of $3,283.00, for a total value of $4,451,748.00. Following the completion of the transaction, the chief executive officer now owns 3,082 shares in the company, valued at approximately $10,118,206. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO David H. Clark sold 243 shares of the company’s stock in a transaction dated Wednesday, July 7th. The stock was sold at an average price of $3,717.29, for a total transaction of $903,301.47. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,463 shares of company stock worth $14,784,642. 14.00% of the stock is owned by company insiders.

About Amazon.com

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

Further Reading: How does equity income fit into an investing strategy?

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.