Difesa Capital Management LP lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 32.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,150 shares of the e-commerce giant’s stock after selling 25,410 shares during the quarter. Amazon.com makes up about 3.0% of Difesa Capital Management LP’s investment portfolio, making the stock its 2nd largest position. Difesa Capital Management LP’s holdings in Amazon.com were worth $5,893,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the stock. Meridian Investment Counsel Inc. lifted its holdings in shares of Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after buying an additional 5 shares in the last quarter. Alterna Wealth Management Inc. increased its position in Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after purchasing an additional 5 shares during the last quarter. Fiduciary Planning LLC increased its position in Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after purchasing an additional 5 shares during the last quarter. HBC Financial Services PLLC increased its position in Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after purchasing an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners increased its position in Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after purchasing an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.
Insider Activity
In other news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $11,368,319.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Adam Selipsky sold 5,100 shares of the stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the transaction, the chief executive officer now owns 124,180 shares in the company, valued at approximately $13,837,377.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $11,368,319.80. The disclosure for this sale can be found here. Insiders have sold a total of 71,394 shares of company stock worth $6,994,626 over the last 90 days. 12.70% of the stock is currently owned by corporate insiders.
Amazon.com Stock Performance
Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The company had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. During the same quarter last year, the company earned $1.39 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
AMZN has been the topic of several research reports. New Street Research initiated coverage on shares of Amazon.com in a research report on Wednesday, January 4th. They issued a “buy” rating and a $130.00 price target on the stock. Roth Capital restated a “buy” rating on shares of Amazon.com in a research report on Friday, February 3rd. Cowen boosted their price target on shares of Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, December 1st. MKM Partners reduced their price target on shares of Amazon.com from $145.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, January 18th. Finally, Wolfe Research boosted their price target on shares of Amazon.com from $115.00 to $130.00 in a research report on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $144.87.
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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