Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by VELA Investment Management LLC

VELA Investment Management LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 23.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,532 shares of the e-commerce giant’s stock after selling 6,114 shares during the quarter. Amazon.com makes up about 1.2% of VELA Investment Management LLC’s holdings, making the stock its 19th largest holding. VELA Investment Management LLC’s holdings in Amazon.com were worth $3,775,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AMZN. Collective Family Office LLC boosted its position in Amazon.com by 9.7% during the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after acquiring an additional 819 shares during the last quarter. Phillips Wealth Planners LLC lifted its stake in Amazon.com by 9.2% in the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after purchasing an additional 224 shares in the last quarter. Bayesian Capital Management LP acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $5,926,000. Concord Investment Counsel Inc. purchased a new stake in shares of Amazon.com in the first quarter valued at approximately $20,790,000. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Amazon.com by 26.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant’s stock valued at $116,222,000 after purchasing an additional 133,471 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $186.51 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The company has a market cap of $1.94 trillion, a price-to-earnings ratio of 52.24, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The stock’s 50-day moving average is $179.17 and its two-hundred day moving average is $182.90. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AMZN shares. Benchmark reissued a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd. UBS Group boosted their price target on shares of Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Truist Financial raised their price objective on shares of Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a report on Monday, September 30th. Finally, Robert W. Baird raised their price target on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. One equities research analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $223.65.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on 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 sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction 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 owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,549,744 shares of company stock valued at $309,400,324. Insiders own 10.80% of the company’s stock.

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.