Central Asset Investments & Management Holdings HK Ltd Lowers Position in Amazon.com, Inc. (NASDAQ:AMZN)

Central Asset Investments & Management Holdings HK Ltd cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 82.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,726 shares of the e-commerce giant’s stock after selling 22,250 shares during the period. Amazon.com comprises approximately 0.9% of Central Asset Investments & Management Holdings HK Ltd’s investment portfolio, making the stock its 18th largest holding. Central Asset Investments & Management Holdings HK Ltd’s holdings in Amazon.com were worth $881,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of AMZN. PayPay Securities Corp lifted its holdings in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the period. Hoese & Co LLP bought a new stake in shares of Amazon.com during the 3rd quarter worth $37,000. Bull Oak Capital LLC purchased a new position in shares of Amazon.com in the 3rd quarter worth about $45,000. Values First Advisors Inc. bought a new position in Amazon.com during the third quarter valued at about $56,000. Finally, Christopher J. Hasenberg Inc increased its holdings in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AMZN. Mizuho boosted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Wedbush upped their price objective on Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Wells Fargo & Company reissued an “equal weight” rating and issued a $197.00 target price on shares of Amazon.com in a research report on Wednesday, November 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a research report on Monday, October 7th. Finally, Monness Crespi & Hardt lifted their price objective on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $243.00.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $227.05 on Friday. The stock’s 50-day moving average is $209.04 and its 200 day moving average is $192.55. The stock has a market cap of $2.39 trillion, a price-to-earnings ratio of 48.62, a P/E/G ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the business posted $0.85 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is currently owned by insiders.

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.