Campbell & CO Investment Adviser LLC Trims Stock Position in Amazon.com, Inc. $AMZN

Campbell & CO Investment Adviser LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 94.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,343 shares of the e-commerce giant’s stock after selling 22,008 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Amazon.com were worth $295,000 as of its most recent SEC filing.

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 in the 2nd quarter valued at $27,000. Maryland Capital Advisors Inc. raised its holdings in Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 95 shares during the period. Ryan Investment Management Inc. acquired a new position in Amazon.com in the second quarter valued at about $48,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Amazon.com during the first quarter worth about $59,000. Finally, Access Investment Management LLC purchased a new position in Amazon.com during the second quarter worth about $74,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $229.11 on Friday. The firm has a market capitalization of $2.45 trillion, a price-to-earnings ratio of 32.36, a PEG ratio of 1.60 and a beta of 1.37. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. The firm’s fifty day simple moving average is $228.38 and its 200-day simple moving average is $223.65. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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 business had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.43 EPS. Equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent analyst reports. Wolfe Research upped their price objective on shares of Amazon.com from $265.00 to $270.00 in a report on Tuesday, September 30th. Pivotal Research boosted their target price on Amazon.com from $285.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 31st. TD Cowen upped their price target on Amazon.com from $255.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $295.00 price objective (up from $292.00) on shares of Amazon.com in a research note on Tuesday. Finally, Bank of America boosted their price objective on Amazon.com from $272.00 to $303.00 and gave the company a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $296.11.

Insider Transactions at Amazon.com

In other news, Director Keith Brian Alexander sold 900 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $233.00, for a total value of $209,700.00. Following the completion of the sale, the director directly owned 7,170 shares of the company’s stock, valued at approximately $1,670,610. This represents a 11.15% 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 this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $233.22, for a total transaction of $583,050.00. Following the sale, the chief executive officer owned 505,934 shares of the company’s stock, valued at approximately $117,993,927.48. This represents a 0.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 82,234 shares of company stock valued at $19,076,767 over the last quarter. 9.70% of the stock is owned by corporate insiders.

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.