Karp Capital Management Corp trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the third quarter, Holdings Channel reports. The institutional investor owned 2,817 shares of the e-commerce giant’s stock after selling 23 shares during the period. Karp Capital Management Corp’s holdings in Amazon.com were worth $4,890,000 as of its most recent SEC filing.
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Other hedge funds and other institutional investors have also made changes to their positions in the company. Enterprise Trust & Investment Co purchased a new stake in shares of Amazon.com in the 2nd quarter valued at about $27,000. Macroview Investment Management LLC lifted its holdings in shares of Amazon.com by 166.7% in the 3rd quarter. Macroview Investment Management LLC now owns 16 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 10 shares during the last quarter. Phocas Financial Corp. purchased a new stake in shares of Amazon.com in the 2nd quarter valued at about $4,545,000. Litman Gregory Asset Management LLC purchased a new stake in shares of Amazon.com in the 2nd quarter valued at about $53,000. Finally, Clear Investment Research LLC lifted its holdings in shares of Amazon.com by 27.6% in the 2nd quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock valued at $70,000 after purchasing an additional 8 shares during the last quarter. 55.60% of the stock is owned by institutional investors.
In related news, Director Indra K. Nooyi bought 100 shares of Amazon.com stock in a transaction that occurred on Friday, October 4th. The shares were purchased at an average price of $1,726.06 per share, with a total value of $172,606.00. Following the purchase, the director now owns 250 shares in the company, valued at $431,515. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Judith A. Mcgrath sold 304 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $1,749.91, for a total value of $531,972.64. Following the completion of the sale, the director now directly owns 2,324 shares in the company, valued at approximately $4,066,790.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,747 shares of company stock worth $40,737,808. 16.10% of the stock is owned by corporate insiders.
Several research firms have recently weighed in on AMZN. JMP Securities reduced their target price on Amazon.com from $2,275.00 to $2,250.00 and set a “market outperform” rating for the company in a report on Friday, October 25th. Zacks Investment Research raised Amazon.com from a “strong sell” rating to a “hold” rating and set a $1,480.00 target price for the company in a report on Wednesday, September 25th. Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a report on Friday, October 25th. Stifel Nicolaus set a $2,300.00 target price on Amazon.com and gave the company a “buy” rating in a report on Sunday, October 20th. Finally, Morgan Stanley reduced their target price on Amazon.com from $2,200.00 to $2,100.00 and set an “overweight” rating for the company in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $2,189.97.
NASDAQ AMZN traded down $2.32 on Friday, hitting $1,785.88. 2,123,300 shares of the company’s stock were exchanged, compared to its average volume of 4,016,732. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,035.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.10 and a quick ratio of 0.84. The firm’s 50-day moving average price is $1,759.09 and its two-hundred day moving average price is $1,840.01. The firm has a market cap of $893.28 billion, a price-to-earnings ratio of 88.67, a P/E/G ratio of 3.20 and a beta of 1.56.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.46 by ($0.23). Amazon.com had a net margin of 4.27% and a return on equity of 22.52%. The company had revenue of $69.98 billion during the quarter, compared to analysts’ expectations of $68.72 billion. During the same period in the previous year, the company posted $5.75 EPS. Amazon.com’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, research analysts predict that Amazon.com, Inc. will post 20.52 earnings per share for the current fiscal year.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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