HSBC Holdings Reduces $807M in Amazon.com, Inc. ($AMZN)
Key Points
- HSBC Holdings changed its Amazon.com, Inc. ($AMZN) stake by 12.7% last quarter, cutting to 23,474,107 shares worth $5.57 billion.
- Wall Street's consensus rating on $AMZN is Strong Buy and an average price target of $312.51.
- $AMZN last traded around $237.47.
HSBC Holdings reduced its position in Amazon.com, Inc. ($AMZN) by 12.7% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,474,107 shares of Amazon.com, Inc. after selling 3,400,270 shares during the quarter. HSBC Holdings's holdings in Amazon.com, Inc. were worth $5.57 billion as of its most recent filing.
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About Amazon.com, Inc.
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. In addition, the company offers programs that enable sellers to sell their products in its stores; and programs that allow authors, independent publishers, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content. Further, it provides compute, storage, Artificial intelligence, database, analytics, machine learning, and other services, as well as advertising services through programs, such as sponsored ads, display, and video advertising. Additionally, the company offers Amazon Prime, a membership program. The company's products offered through its stores include merchandise and content purchased for resale and products offered by third-party sellers. It serves consumers, sellers, developers, enterprises, content creators, advertisers, and employees. The company was incorporated in 1994 and is headquartered in Seattle, Washington.
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