Founders Capital Management LLC decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,979 shares of the e-commerce giant’s stock after selling 200 shares during the period. Founders Capital Management LLC’s holdings in Amazon.com were worth $388,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bridgefront Capital LLC acquired a new position in Amazon.com during the first quarter worth about $228,000. Krane Funds Advisors LLC raised its position in Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after acquiring an additional 55 shares during the last quarter. Range Financial Group LLC acquired a new position in Amazon.com during the first quarter worth about $258,000. My Personal CFO LLC acquired a new position in Amazon.com during the first quarter worth about $261,000. Finally, Worth Asset Management LLC acquired a new position in Amazon.com during the first quarter worth about $191,000. Institutional investors and hedge funds own 57.96% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. Loop Capital lifted their target price on shares of Amazon.com from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Robert W. Baird boosted their price objective on shares of Amazon.com from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Wells Fargo & Company reissued an “overweight” rating and issued a $165.00 price objective on shares of Amazon.com in a research report on Tuesday, October 10th. Credit Suisse Group boosted their price objective on shares of Amazon.com from $176.00 to $189.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Finally, Mizuho reissued a “buy” rating and issued a $180.00 price objective on shares of Amazon.com in a research report on Wednesday, September 27th. Two investment analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $165.21.
Amazon.com Stock Up 1.1 %
Shares of NASDAQ:AMZN opened at $126.56 on Tuesday. The stock has a market capitalization of $1.31 trillion, a price-to-earnings ratio of 99.65, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $145.86. The company’s fifty day moving average is $133.13 and its two-hundred day moving average is $125.26. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. The company had revenue of $134.38 billion for the quarter, compared to analysts’ expectations of $131.54 billion. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. Equities analysts anticipate that Amazon.com, Inc. will post 2.23 EPS for the current year.
Insiders Place Their Bets
In other news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $133.55, for a total transaction of $534,200.00. Following the completion of the transaction, the chief executive officer now owns 560,301 shares in the company, valued at $74,828,198.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Amazon Com Inc sold 1,177,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the transaction, the insider now owns 12,741,445 shares in the company, valued at $248,458,177.50. 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 4,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $133.55, for a total transaction of $534,200.00. Following the completion of the transaction, the chief executive officer now owns 560,301 shares of the company’s stock, valued at approximately $74,828,198.55. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,408,645 shares of company stock valued at $55,208,288. Company insiders own 12.70% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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