CloudAlpha Capital Management Limited Hong Kong Lowers Position in Amazon.com, Inc. (NASDAQ:AMZN)

CloudAlpha Capital Management Limited Hong Kong decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 49.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 80,384 shares of the e-commerce giant’s stock after selling 79,116 shares during the period. Amazon.com comprises approximately 1.1% of CloudAlpha Capital Management Limited Hong Kong’s holdings, making the stock its 15th biggest position. CloudAlpha Capital Management Limited Hong Kong’s holdings in Amazon.com were worth $12,214,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. PayPay Securities Corp increased its stake in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in Amazon.com during the 4th quarter valued at approximately $57,000. Authentikos Wealth Advisory LLC purchased a new position in Amazon.com in the 3rd quarter worth approximately $49,000. Finally, AM Squared Ltd bought a new position in Amazon.com in the 3rd quarter worth approximately $76,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Argus raised their price objective on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Citigroup boosted their target price on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Royal Bank of Canada raised their price target on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, The Goldman Sachs Group lifted their price objective on Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $211.62.

Insider Activity

In other news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 12,133 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $171.00, for a total value of $2,074,743.00. Following the sale, the director now directly owns 115,220 shares in the company, valued at approximately $19,702,620. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,197,961 shares of company stock worth $4,482,244,357. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Trading Up 0.0 %

AMZN opened at $188.76 on Wednesday. Amazon.com, Inc. has a 52 week low of $104.70 and a 52 week high of $189.94. The company has a market capitalization of $1.96 trillion, a P/E ratio of 52.87, a PEG ratio of 1.35 and a beta of 1.15. The stock’s fifty day moving average is $179.60 and its two-hundred day moving average is $161.63. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same quarter last year, the firm posted $0.31 earnings per share. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. Analysts forecast that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Amazon.com Company 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.