Genus Capital Management Inc. Sells 2,570 Shares of Amazon.com, Inc. $AMZN

Genus Capital Management Inc. lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,620 shares of the e-commerce giant’s stock after selling 2,570 shares during the quarter. Amazon.com makes up 1.1% of Genus Capital Management Inc.’s portfolio, making the stock its 25th biggest position. Genus Capital Management Inc.’s holdings in Amazon.com were worth $8,473,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Carderock Capital Management Inc. purchased a new position in shares of Amazon.com in the 2nd quarter valued at $27,000. Maryland Capital Advisors Inc. boosted its position 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 valued at $46,000 after purchasing an additional 95 shares in the last quarter. Ryan Investment Management Inc. purchased a new position in Amazon.com in the second quarter valued at about $48,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Amazon.com in the first quarter worth about $59,000. Finally, Access Investment Management LLC purchased a new stake in shares of Amazon.com during the second quarter valued at about $74,000. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on AMZN. China Renaissance boosted their price objective on shares of Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $300.00 price target on shares of Amazon.com in a research report on Friday, October 31st. BNP Paribas Exane initiated coverage on Amazon.com in a research report on Monday, November 24th. They issued an “outperform” rating for the company. Robert W. Baird set a $285.00 target price on Amazon.com and gave the stock an “outperform” rating in a research note on Friday, October 31st. Finally, DZ Bank reissued a “buy” rating on shares of Amazon.com in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $296.05.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $226.61, for a total transaction of $280,316.57. Following the sale, the director directly owned 26,148 shares of the company’s stock, valued at approximately $5,925,398.28. This trade represents a 4.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew S. Garman sold 17,768 shares of Amazon.com stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the transaction, the chief executive officer owned 6,273 shares of the company’s stock, valued at $1,360,613.70. The trade was a 73.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 79,734 shares of company stock valued at $18,493,717. 9.70% of the stock is owned by corporate insiders.

Amazon.com Trading Up 0.3%

Amazon.com stock opened at $233.88 on Tuesday. The stock has a 50-day moving average price of $227.65 and a 200 day moving average price of $223.35. The company has a market capitalization of $2.50 trillion, a price-to-earnings ratio of 35.65, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

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

Amazon.com 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.