Capital Management Corp VA Reduces Position in Amazon.com, Inc. (NASDAQ:AMZN)

Capital Management Corp VA lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,560 shares of the e-commerce giant’s stock after selling 60 shares during the period. Capital Management Corp VA’s holdings in Amazon.com were worth $297,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AMZN. Archer Investment Corp lifted its stake in Amazon.com by 5.4% during the 1st quarter. Archer Investment Corp now owns 13,959 shares of the e-commerce giant’s stock valued at $2,656,000 after acquiring an additional 714 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Amazon.com by 20.5% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,300,900 shares of the e-commerce giant’s stock valued at $247,509,000 after acquiring an additional 221,000 shares during the period. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management lifted its stake in Amazon.com by 8.6% during the 1st quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 91,200 shares of the e-commerce giant’s stock valued at $17,352,000 after acquiring an additional 7,200 shares during the period. Ring Mountain Capital LLC lifted its stake in Amazon.com by 1.6% during the 1st quarter. Ring Mountain Capital LLC now owns 34,946 shares of the e-commerce giant’s stock valued at $6,649,000 after acquiring an additional 551 shares during the period. Finally, Gradient Capital Advisors LLC lifted its stake in Amazon.com by 0.8% during the 1st quarter. Gradient Capital Advisors LLC now owns 9,426 shares of the e-commerce giant’s stock valued at $1,793,000 after acquiring an additional 72 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the transaction, the chief executive officer owned 512,050 shares of the company’s stock, valued at $111,114,850. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the company’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the transaction, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,096,253 shares of company stock valued at $5,673,745,409 in the last three months. 9.70% of the stock is currently owned by insiders.

Amazon.com Trading Up 0.0%

Shares of AMZN opened at $231.03 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The firm has a 50-day moving average price of $221.41 and a 200 day moving average price of $208.64. The firm has a market capitalization of $2.46 trillion, a P/E ratio of 35.22, a P/E/G ratio of 1.56 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. Amazon.com’s quarterly revenue was up 13.3% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on AMZN shares. Stifel Nicolaus lifted their price objective on shares of Amazon.com from $245.00 to $262.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Wall Street Zen upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. BMO Capital Markets boosted their target price on shares of Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Citigroup reiterated an “overweight” rating on shares of Amazon.com in a research note on Wednesday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $265.00 target price on shares of Amazon.com in a research note on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $262.87.

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.