Oberndorf William E Lowers Stock Position in Amazon.com, Inc. $AMZN

Oberndorf William E trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 26.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,928 shares of the e-commerce giant’s stock after selling 18,821 shares during the quarter. Amazon.com makes up 12.8% of Oberndorf William E’s holdings, making the stock its 3rd biggest position. Oberndorf William E’s holdings in Amazon.com were worth $11,612,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Carderock Capital Management Inc. purchased a new position in shares of Amazon.com during the 2nd quarter valued at $27,000. Maryland Capital Advisors Inc. lifted its holdings in Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares during the last quarter. Ryan Investment Management Inc. bought a new position in Amazon.com during the second quarter worth about $48,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Amazon.com in the first quarter worth about $59,000. Finally, Access Investment Management LLC purchased a new position in shares of Amazon.com in the second quarter worth about $74,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several analyst reports. Arete Research raised their price objective on shares of Amazon.com from $248.00 to $253.00 and gave the stock a “buy” rating in a report on Monday, October 27th. CICC Research raised their price target on Amazon.com from $240.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. BNP Paribas assumed coverage on Amazon.com in a research report on Monday, November 24th. They issued an “outperform” rating for the company. TD Cowen increased their price objective on Amazon.com from $255.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Amazon.com in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $296.78.

Amazon.com Trading Down 1.2%

Shares of AMZN opened at $226.89 on Tuesday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The firm has a market cap of $2.43 trillion, a price-to-earnings ratio of 32.05, a PEG ratio of 1.58 and a beta of 1.37. The firm has a 50 day moving average price of $228.67 and a 200-day moving average price of $224.28. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The business had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total transaction of $280,316.57. Following the completion of the sale, the director owned 26,148 shares of the company’s stock, valued at approximately $5,925,398.28. This represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $233.22, for a total transaction of $583,050.00. Following the completion of the transaction, the chief executive officer owned 505,934 shares in the company, valued at $117,993,927.48. This represents a 0.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 82,234 shares of company stock worth $19,076,767 over the last three months. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.