Amazon.com, Inc. (NASDAQ:AMZN) Holdings Reduced by Shellback Capital LP

Shellback Capital LP lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 20.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,000 shares of the e-commerce giant’s stock after selling 15,000 shares during the quarter. Shellback Capital LP’s holdings in Amazon.com were worth $11,595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. PayPay Securities Corp raised its stake 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 acquiring an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc raised its stake in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com in the first quarter worth about $69,000. Innealta Capital LLC bought a new position in Amazon.com in the 2nd quarter valued at about $77,000. Finally, Abich Financial Wealth Management LLC increased its stake 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 buying an additional 199 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

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

Amazon.com Stock Up 0.8 %

NASDAQ AMZN opened at $187.83 on Friday. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The company has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 52.61, a PEG ratio of 1.38 and a beta of 1.14. The stock’s 50 day moving average is $183.29 and its two-hundred day moving average is $183.56. 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) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Equities analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMZN. TD Securities upped their price target on shares of Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Morgan Stanley reaffirmed an “overweight” rating and set a $210.00 price target on shares of Amazon.com in a research note on Thursday, October 3rd. Evercore ISI reissued an “outperform” rating and issued a $240.00 price objective on shares of Amazon.com in a research note on Friday, October 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $215.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Finally, Itau BBA Securities cut shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average 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.