Cavalier Investments LLC Trims Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Jun 8th, 2023

Cavalier Investments LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,327 shares of the e-commerce giant’s stock after selling 336 shares during the quarter. Cavalier Investments LLC’s holdings in Amazon.com were worth $447,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Kavar Capital Partners Group LLC grew its holdings in shares of Amazon.com by 7.6% in the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after acquiring an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. grew its holdings in Amazon.com by 0.8% during the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after acquiring an additional 15 shares in the last quarter. Markel Corp boosted its holdings in shares of Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after buying an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC boosted its holdings in shares of Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after buying an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 2,299 shares of the business’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total transaction of $230,681.66. Following the sale, the chief executive officer now directly owns 138,320 shares in the company, valued at $13,879,028.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $120.61, for a total transaction of $482,440.00. Following the completion of the transaction, the chief executive officer now directly owns 568,301 shares of the company’s stock, valued at $68,542,783.61. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 2,299 shares of the business’s stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $100.34, for a total value of $230,681.66. Following the transaction, the chief executive officer now directly owns 138,320 shares of the company’s stock, valued at $13,879,028.80. The disclosure for this sale can be found here. Insiders have sold 75,144 shares of company stock worth $8,513,127 over the last three months. Company insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMZN. Evercore ISI lowered their price target on shares of Amazon.com from $160.00 to $155.00 and set an “outperform” rating on the stock in a report on Monday, April 3rd. Wedbush increased their price objective on shares of Amazon.com from $125.00 to $129.00 in a research report on Friday, April 28th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Amazon.com from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, April 18th. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $135.00 to $145.00 in a research report on Friday, April 28th. Finally, Tigress Financial reaffirmed a “buy” rating and issued a $192.00 price objective on shares of Amazon.com in a research report on Thursday, February 9th. Three analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $144.14.

Amazon.com Stock Down 4.2 %

Shares of AMZN opened at $121.23 on Thursday. The firm has a market cap of $1.24 trillion, a P/E ratio of 288.64, a price-to-earnings-growth ratio of 2.43 and a beta of 1.26. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $146.57. The company’s 50-day moving average price is $109.48 and its 200 day moving average price is $99.44. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. The firm had revenue of $127.36 billion for the quarter, compared to analyst estimates of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. Amazon.com’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 EPS. On average, sell-side analysts forecast that Amazon.com, Inc. will post 1.57 earnings per share for the current year.

Amazon.com Company Profile

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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.