Amazon.com, Inc. (NASDAQ:AMZN) Position Cut by Capital Management Associates NY

Capital Management Associates NY decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,117 shares of the e-commerce giant’s stock after selling 73 shares during the quarter. Amazon.com accounts for approximately 3.9% of Capital Management Associates NY’s portfolio, making the stock its 4th largest position. Capital Management Associates NY’s holdings in Amazon.com were worth $3,308,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Trifecta Capital Advisors LLC raised its position in Amazon.com by 5.9% in the second quarter. Trifecta Capital Advisors LLC now owns 104,255 shares of the e-commerce giant’s stock valued at $20,147,000 after purchasing an additional 5,796 shares during the period. Wellington Shields & Co. LLC raised its position in Amazon.com by 3.2% in the second quarter. Wellington Shields & Co. LLC now owns 27,830 shares of the e-commerce giant’s stock valued at $5,378,000 after purchasing an additional 857 shares during the period. VitalStone Financial LLC raised its position in Amazon.com by 66.1% in the second quarter. VitalStone Financial LLC now owns 4,703 shares of the e-commerce giant’s stock valued at $909,000 after purchasing an additional 1,871 shares during the period. Marco Investment Management LLC raised its position in Amazon.com by 20.5% in the second quarter. Marco Investment Management LLC now owns 15,660 shares of the e-commerce giant’s stock valued at $3,026,000 after purchasing an additional 2,661 shares during the period. Finally, Evernest Financial Advisors LLC raised its position in Amazon.com by 19.0% in the second quarter. Evernest Financial Advisors LLC now owns 4,820 shares of the e-commerce giant’s stock valued at $931,000 after purchasing an additional 769 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,355 shares of company stock worth $9,877,423 in the last ninety days. 10.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent research reports. Stifel Nicolaus cut their price objective on Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. TD Securities upped their price objective on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of Amazon.com in a research report on Thursday, September 12th. Finally, Wolfe Research initiated coverage on Amazon.com in a research report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $224.00.

Amazon.com Price Performance

NASDAQ:AMZN opened at $188.82 on Friday. The stock has a market cap of $1.98 trillion, a P/E ratio of 45.17, a PEG ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The company has a fifty day moving average price of $179.58 and a 200 day moving average price of $183.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN) last released its 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. The firm had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Analysts anticipate that Amazon.com, Inc. will post 4.85 earnings per share 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.