Arcadia Investment Management Corp MI Sells 1,733 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Arcadia Investment Management Corp MI trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,860 shares of the e-commerce giant’s stock after selling 1,733 shares during the period. Amazon.com comprises about 2.3% of Arcadia Investment Management Corp MI’s portfolio, making the stock its 14th largest position. Arcadia Investment Management Corp MI’s holdings in Amazon.com were worth $13,949,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AMZN. China Universal Asset Management Co. Ltd. grew its position in shares of Amazon.com by 31.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after buying an additional 43,759 shares during the last quarter. Quent Capital LLC raised its stake in Amazon.com by 3.3% in the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after acquiring an additional 1,081 shares during the last quarter. BTG Pactual Global Asset Management Ltd lifted its position in Amazon.com by 225.1% during the 1st quarter. BTG Pactual Global Asset Management Ltd now owns 86,958 shares of the e-commerce giant’s stock worth $15,685,000 after acquiring an additional 60,208 shares during the period. L1 Capital International Pty Ltd raised its position in Amazon.com by 17.0% during the 1st quarter. L1 Capital International Pty Ltd now owns 89,396 shares of the e-commerce giant’s stock worth $16,178,000 after buying an additional 12,979 shares during the last quarter. Finally, Kodai Capital Management LP raised its position in Amazon.com by 9.4% during the 1st quarter. Kodai Capital Management LP now owns 454,565 shares of the e-commerce giant’s stock worth $81,994,000 after buying an additional 39,108 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AMZN shares. TD Cowen increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Oppenheimer increased their price target on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company reissued an “equal weight” rating and issued a $197.00 price objective on shares of Amazon.com in a report on Wednesday, November 20th. UBS Group raised their target price on Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Maxim Group boosted their price target on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $236.98.

Insider Activity at Amazon.com

In related news, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the sale, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. This trade represents a 4.19 % 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 company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares of the company’s stock, valued at $110,159,070. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,030,183 shares of company stock worth $1,252,883,795. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.4 %

Shares of AMZN opened at $226.09 on Tuesday. The stock has a fifty day simple moving average of $198.19 and a two-hundred day simple moving average of $188.47. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.38 trillion, a PE ratio of 48.41, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. Amazon.com, Inc. has a 52-week low of $143.64 and a 52-week high of $230.08.

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

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.