CloudAlpha Capital Management Limited Hong Kong Sells 47,488 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

CloudAlpha Capital Management Limited Hong Kong cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 496,224 shares of the e-commerce giant’s stock after selling 47,488 shares during the quarter. Amazon.com comprises 5.4% of CloudAlpha Capital Management Limited Hong Kong’s portfolio, making the stock its 6th biggest position. CloudAlpha Capital Management Limited Hong Kong’s holdings in Amazon.com were worth $92,461,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Prospect Financial Services LLC raised its position in Amazon.com by 5.3% in the second quarter. Prospect Financial Services LLC now owns 24,588 shares of the e-commerce giant’s stock valued at $4,752,000 after purchasing an additional 1,243 shares during the period. Sapient Capital LLC raised its holdings in shares of Amazon.com by 0.4% during the 2nd quarter. Sapient Capital LLC now owns 538,657 shares of the e-commerce giant’s stock valued at $104,095,000 after buying an additional 2,280 shares during the period. Sharp Financial Services LLC acquired a new position in Amazon.com during the 2nd quarter worth approximately $477,000. New Hampshire Trust boosted its holdings in Amazon.com by 1.4% in the 2nd quarter. New Hampshire Trust now owns 65,937 shares of the e-commerce giant’s stock worth $12,742,000 after acquiring an additional 937 shares during the period. Finally, Udine Wealth Management Inc. grew its position in Amazon.com by 1.4% in the second quarter. Udine Wealth Management Inc. now owns 17,209 shares of the e-commerce giant’s stock valued at $3,326,000 after acquiring an additional 243 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock worth $1,253,456,822 over the last three months. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and set a $250.00 target price on shares of Amazon.com in a research report on Tuesday, December 10th. Royal Bank of Canada boosted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Sanford C. Bernstein lifted their target price on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Finally, Telsey Advisory Group increased their price target on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $243.00.

Amazon.com Stock Up 1.8 %

Shares of Amazon.com stock opened at $229.05 on Wednesday. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00. The company has a market capitalization of $2.41 trillion, a P/E ratio of 49.05, a PEG ratio of 1.54 and a beta of 1.16. The business’s fifty day moving average price is $206.58 and its two-hundred day moving average price is $191.74. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 earnings per share. As a group, research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

Amazon.com Profile

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.