Cavalry Management Group LLC Trims Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cavalry Management Group LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 26.7% in the second quarter, HoldingsChannel reports. The firm owned 1,033 shares of the e-commerce giant’s stock after selling 376 shares during the quarter. Amazon.com makes up approximately 2.8% of Cavalry Management Group LLC’s holdings, making the stock its 16th biggest holding. Cavalry Management Group LLC’s holdings in Amazon.com were worth $200,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Alternative Investment Advisors LLC. acquired a new stake in shares of Amazon.com during the 2nd quarter worth about $1,923,000. Greater Midwest Financial Group LLC lifted its stake in shares of Amazon.com by 4.3% during the second quarter. Greater Midwest Financial Group LLC now owns 54,579 shares of the e-commerce giant’s stock valued at $10,547,000 after buying an additional 2,251 shares during the period. Centaurus Financial Inc. boosted its position in Amazon.com by 63.3% during the second quarter. Centaurus Financial Inc. now owns 154,607 shares of the e-commerce giant’s stock worth $29,878,000 after acquiring an additional 59,945 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Amazon.com by 164.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock worth $203,677,000 after acquiring an additional 654,908 shares during the period. Finally, Sensible Money LLC raised its holdings in Amazon.com by 3.2% in the 2nd quarter. Sensible Money LLC now owns 3,590 shares of the e-commerce giant’s stock valued at $694,000 after acquiring an additional 111 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the company’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 transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $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. Over the last three months, insiders sold 54,355 shares of company stock worth $9,877,423. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.3 %

AMZN stock opened at $190.83 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm has a 50 day simple moving average of $183.94 and a 200-day simple moving average of $183.57. The company has a market capitalization of $1.99 trillion, a P/E ratio of 53.45, a PEG ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $128.56 and a twelve month high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion during 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%. On average, equities research analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AMZN shares. Cantor Fitzgerald restated an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a report on Monday, October 7th. Telsey Advisory Group reissued an “outperform” rating and issued a $215.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. JPMorgan Chase & Co. dropped their price objective on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. JMP Securities reissued a “market outperform” rating and issued a $265.00 target price on shares of Amazon.com in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company downgraded shares of Amazon.com from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $225.00 to $183.00 in a report on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $236.76.

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.