Draper Asset Management LLC Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Draper Asset Management LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 3.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,076 shares of the e-commerce giant’s stock after selling 4,246 shares during the period. Amazon.com accounts for approximately 17.9% of Draper Asset Management LLC’s holdings, making the stock its 2nd largest position. Draper Asset Management LLC’s holdings in Amazon.com were worth $16,917,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. SageView Advisory Group LLC boosted its holdings in Amazon.com by 2.3% in the 3rd quarter. SageView Advisory Group LLC now owns 44,652 shares of the e-commerce giant’s stock worth $5,676,000 after buying an additional 1,025 shares during the period. Lee Johnson Capital Management LLC boosted its holdings in shares of Amazon.com by 11.6% during the 3rd quarter. Lee Johnson Capital Management LLC now owns 1,930 shares of the e-commerce giant’s stock valued at $245,000 after purchasing an additional 200 shares during the last quarter. Tiller Private Wealth Inc. boosted its holdings in shares of Amazon.com by 1.3% during the 3rd quarter. Tiller Private Wealth Inc. now owns 11,094 shares of the e-commerce giant’s stock valued at $1,410,000 after purchasing an additional 140 shares during the last quarter. Armstrong Fleming & Moore Inc boosted its holdings in shares of Amazon.com by 1.3% during the 3rd quarter. Armstrong Fleming & Moore Inc now owns 10,483 shares of the e-commerce giant’s stock valued at $1,333,000 after purchasing an additional 139 shares during the last quarter. Finally, Richmond Brothers Inc. boosted its holdings in shares of Amazon.com by 2.6% during the 3rd quarter. Richmond Brothers Inc. now owns 3,855 shares of the e-commerce giant’s stock valued at $490,000 after purchasing an additional 97 shares during the last quarter. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. DA Davidson increased their price objective on shares of Amazon.com from $195.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Benchmark increased their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Oppenheimer increased their price objective on shares of Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. BMO Capital Markets initiated coverage on shares of Amazon.com in a report on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 price target for the company. Finally, Canaccord Genuity Group increased their price target on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $197.95.

Check Out Our Latest Research Report on AMZN

Insider Activity

In other news, VP Shelley Reynolds sold 3,120 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $143.19, for a total transaction of $446,752.80. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $17,151,298.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,120 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $143.19, for a total transaction of $446,752.80. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $17,151,298.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,080,878 shares of company stock worth $1,033,083,657. Corporate insiders own 12.30% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $174.45 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The firm’s 50 day moving average price is $154.41 and its 200-day moving average price is $142.20. Amazon.com, Inc. has a 52-week low of $88.12 and a 52-week high of $175.00. The company has a market cap of $1.81 trillion, a PE ratio of 60.16, a P/E/G ratio of 1.50 and a beta of 1.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same period last year, the firm earned $0.21 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 4.03 EPS for the current fiscal year.

Amazon.com Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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