Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Del Sette Capital Management LLC

Posted by MarketBeat News on Aug 2nd, 2022

Del Sette Capital Management LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 31.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 207 shares of the e-commerce giant’s stock after selling 94 shares during the quarter. Amazon.com makes up 0.7% of Del Sette Capital Management LLC’s investment portfolio, making the stock its 15th biggest holding. Del Sette Capital Management LLC’s holdings in Amazon.com were worth $675,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Lipe & Dalton raised its stake in shares of Amazon.com by 4.0% during the 4th quarter. Lipe & Dalton now owns 104 shares of the e-commerce giant’s stock worth $347,000 after buying an additional 4 shares in the last quarter. Mokosak Advisory Group LLC increased its stake in Amazon.com by 5.8% in the 4th quarter. Mokosak Advisory Group LLC now owns 73 shares of the e-commerce giant’s stock valued at $244,000 after purchasing an additional 4 shares in the last quarter. Palisades Hudson Asset Management L.P. increased its stake in Amazon.com by 0.6% in the 4th quarter. Palisades Hudson Asset Management L.P. now owns 673 shares of the e-commerce giant’s stock valued at $2,244,000 after purchasing an additional 4 shares in the last quarter. BHK Investment Advisors LLC increased its stake in Amazon.com by 1.1% in the 4th quarter. BHK Investment Advisors LLC now owns 375 shares of the e-commerce giant’s stock valued at $1,250,000 after purchasing an additional 4 shares in the last quarter. Finally, Navalign LLC increased its stake in Amazon.com by 0.7% in the 4th quarter. Navalign LLC now owns 575 shares of the e-commerce giant’s stock valued at $1,917,000 after purchasing an additional 4 shares in the last quarter. 72.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 173 shares of the firm’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $375,275.06. Following the transaction, the vice president now directly owns 5,989 shares of the company’s stock, valued at $12,991,458.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Shelley Reynolds sold 173 shares of Amazon.com stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $375,275.06. Following the sale, the vice president now directly owns 5,989 shares of the company’s stock, valued at $12,991,458.58. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO David H. Clark sold 2,270 shares of Amazon.com stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the sale, the chief executive officer now directly owns 6,695 shares in the company, valued at $14,522,927.90. The disclosure for this sale can be found here. Insiders have sold 4,803 shares of company stock valued at $10,528,337 over the last three months. 12.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. StockNews.com raised Amazon.com from a “sell” rating to a “hold” rating in a research note on Monday. Credit Suisse Group dropped their price objective on Amazon.com from $185.00 to $170.00 and set an “outperform” rating for the company in a research note on Tuesday, July 26th. Mizuho dropped their price objective on Amazon.com from $197.50 to $155.00 and set a “buy” rating for the company in a research note on Thursday, July 21st. They noted that the move was a valuation call. Susquehanna Bancshares dropped their price objective on Amazon.com from $250.00 to $190.00 in a research note on Friday, April 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $155.00 to $175.00 and gave the stock a “maintains” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and thirty have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $179.45.

Amazon.com Trading Up 0.3 %

NASDAQ:AMZN opened at $135.39 on Tuesday. The business’s 50-day moving average is $114.69 and its two-hundred day moving average is $134.71. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.68. Amazon.com, Inc. has a 12 month low of $101.26 and a 12 month high of $188.11. The firm has a market capitalization of $1.38 trillion, a PE ratio of 121.37, a price-to-earnings-growth ratio of 5.15 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The company had revenue of $121.23 billion during the quarter, compared to analysts’ expectations of $119.16 billion. During the same period last year, the business earned $0.76 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 1.12 earnings per share for the current fiscal year.

Amazon.com Company Profile

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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.