Capitolis Advisors LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 99.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,040 shares of the e-commerce giant’s stock after selling 606,840 shares during the quarter. Capitolis Advisors LLC’s holdings in Amazon.com were worth $231,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Iron Horse Wealth Management LLC raised its holdings in Amazon.com by 4,540.0% in the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 227 shares in the last quarter. Wells Financial Advisors INC raised its holdings in Amazon.com by 1,900.0% in the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after purchasing an additional 266 shares in the last quarter. Knott David M Jr acquired a new position in shares of Amazon.com during the second quarter valued at about $32,000. Laurel Wealth Planning LLC increased its holdings in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares in the last quarter. Finally, Baron Financial Group LLC increased its holdings in shares of Amazon.com by 1,900.0% during the second quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock valued at $38,000 after acquiring an additional 342 shares in the last quarter. 57.64% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, CEO Adam Selipsky sold 5,100 shares of the stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the sale, the chief executive officer now directly owns 124,180 shares in the company, valued at approximately $13,837,377.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 5,100 shares of the firm’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the sale, the chief executive officer now directly owns 124,180 shares in the company, valued at approximately $13,837,377.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $102.90, for a total value of $411,600.00. Following the completion of the sale, the chief executive officer now owns 529,435 shares in the company, valued at $54,478,861.50. The disclosure for this sale can be found here. Insiders have sold a total of 67,394 shares of company stock valued at $6,619,426 in the last quarter. Insiders own 12.70% of the company’s stock.
Wall Street Analyst Weigh In
Amazon.com Trading Up 0.3 %
Shares of AMZN opened at $93.76 on Tuesday. The company has a market capitalization of $960.78 billion, a P/E ratio of -349.84, a P/E/G ratio of 3.85 and a beta of 1.22. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. The stock has a 50-day moving average price of $94.28 and a 200 day moving average price of $105.50.
Amazon.com (NASDAQ:AMZN – Get Rating) last released its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The firm had revenue of $149.20 billion for the quarter, compared to the consensus estimate of $145.72 billion. During the same period in the prior year, the business earned $1.39 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.
About Amazon.com
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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