Eschler Asset Management LLP Lowers Position in Amazon.com, Inc. (NASDAQ:AMZN)

Eschler Asset Management LLP decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 13.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,500 shares of the e-commerce giant’s stock after selling 1,740 shares during the period. Amazon.com comprises 3.4% of Eschler Asset Management LLP’s portfolio, making the stock its 9th largest holding. Eschler Asset Management LLP’s holdings in Amazon.com were worth $1,530,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bridgefront Capital LLC bought a new position in Amazon.com in the first quarter worth approximately $228,000. Krane Funds Advisors LLC raised its position in shares of Amazon.com by 239.1% during the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after purchasing an additional 55 shares during the period. Range Financial Group LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at $258,000. My Personal CFO LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at $261,000. Finally, Worth Asset Management LLC purchased a new position in Amazon.com during the first quarter valued at $191,000. Institutional investors own 57.64% of the company’s stock.

Amazon.com Stock Up 1.9 %

AMZN stock opened at $92.43 on Tuesday. The firm’s fifty day simple moving average is $96.01 and its 200-day simple moving average is $102.24. The company has a market capitalization of $947.15 billion, a P/E ratio of -344.88, a price-to-earnings-growth ratio of 3.74 and a beta of 1.25. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). The business had revenue of $149.20 billion during the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $1.39 earnings per share. As a group, equities research analysts forecast that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Insider Activity

In other news, CEO Andrew R. Jassy sold 23,874 shares of the company’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total value of $2,367,107.10. Following the sale, the chief executive officer now directly owns 1,964,506 shares of the company’s stock, valued at approximately $194,780,769.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Andrew R. Jassy sold 23,874 shares of the business’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total value of $2,367,107.10. Following the completion of the transaction, the chief executive officer now directly owns 1,964,506 shares in the company, valued at approximately $194,780,769.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the transaction, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The disclosure for this sale can be found here. Insiders have sold 71,394 shares of company stock valued at $6,994,626 in the last ninety days. Insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Telsey Advisory Group dropped their price objective on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, January 24th. The Goldman Sachs Group dropped their price objective on shares of Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, January 13th. Evercore ISI lifted their price objective on shares of Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Rosenblatt Securities lifted their price objective on shares of Amazon.com from $103.00 to $106.00 and gave the stock a “neutral” rating in a research note on Friday, February 3rd. Finally, DA Davidson raised their target price on shares of Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $144.87.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.