Caitong International Asset Management Co. Ltd Sells 9,976 Shares of Amazon.com, Inc. $AMZN

Caitong International Asset Management Co. Ltd lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 60.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,663 shares of the e-commerce giant’s stock after selling 9,976 shares during the period. Amazon.com accounts for 1.0% of Caitong International Asset Management Co. Ltd’s holdings, making the stock its 17th biggest position. Caitong International Asset Management Co. Ltd’s holdings in Amazon.com were worth $1,462,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Carderock Capital Management Inc. acquired a new position in shares of Amazon.com during the 2nd quarter worth about $27,000. Cooksen Wealth LLC acquired a new stake in Amazon.com in the 1st quarter valued at about $36,000. Maryland Capital Advisors Inc. grew its holdings in Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 95 shares during the period. Ryan Investment Management Inc. acquired a new position in Amazon.com during the second quarter worth approximately $48,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in Amazon.com during the first quarter worth approximately $59,000. 72.20% of the stock is owned by institutional investors.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the sale, the senior vice president directly owned 44,110 shares of the company’s stock, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. The trade was a 26.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 123,300 shares of company stock valued at $28,294,038. 9.70% of the stock is owned by company insiders.

Amazon.com Stock Down 1.2%

Shares of AMZN opened at $234.69 on Monday. The stock has a market capitalization of $2.51 trillion, a PE ratio of 35.78, a P/E/G ratio of 1.52 and a beta of 1.29. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average is $228.70 and its 200-day moving average is $220.98. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

AMZN has been the subject of several research analyst reports. Rosenblatt Securities lifted their target price on Amazon.com from $298.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. BNP Paribas Exane lifted their price objective on shares of Amazon.com from $264.00 to $289.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a report on Monday, October 20th. Mizuho set a $315.00 target price on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Finally, Bank of America upped their price target on shares of Amazon.com from $272.00 to $303.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fifty-seven have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Amazon.com has an average rating of “Buy” and an average price target of $294.15.

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.