AMS Capital Ltda Trims Position in Amazon.com, Inc. (NASDAQ:AMZN)

AMS Capital Ltda lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 147,455 shares of the e-commerce giant’s stock after selling 5,790 shares during the period. Amazon.com accounts for approximately 4.8% of AMS Capital Ltda’s holdings, making the stock its 3rd biggest position. AMS Capital Ltda’s holdings in Amazon.com were worth $27,475,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. PayPay Securities Corp grew its holdings in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares in the last quarter. Hoese & Co LLP bought a new position in shares of Amazon.com during the 3rd quarter valued at approximately $37,000. Christopher J. Hasenberg Inc boosted its position in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Amazon.com in the first quarter valued at $69,000. Finally, Innealta Capital LLC bought a new stake in Amazon.com in the second quarter worth $77,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Needham & Company LLC increased their price objective on shares of Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Roth Mkm increased their price target on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. DA Davidson reissued a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. JMP Securities upped their price objective on Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. Finally, Bank of America lifted their target price on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $235.77.

Amazon.com Price Performance

Shares of AMZN stock opened at $201.45 on Tuesday. The stock’s 50-day moving average is $193.33 and its 200 day moving average is $186.38. Amazon.com, Inc. has a 1-year low of $142.81 and a 1-year high of $215.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market cap of $2.12 trillion, a P/E ratio of 43.14, a PEG ratio of 1.32 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the business earned $0.85 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,026,683 shares of company stock valued at $1,252,148,795. 10.80% of the stock is currently owned by insiders.

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.