Armistice Capital LLC Sells 14,643 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Armistice Capital LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 108,794 shares of the e-commerce giant’s stock after selling 14,643 shares during the quarter. Armistice Capital LLC’s holdings in Amazon.com were worth $21,024,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. PayPay Securities Corp boosted its stake in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Christopher J. Hasenberg Inc boosted its position in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the period. Steph & Co. acquired a new position in shares of Amazon.com in the first quarter valued at about $65,000. Koesten Hirschmann & Crabtree INC. bought a new position in Amazon.com during the first quarter worth about $69,000. Finally, Innealta Capital LLC acquired a new stake in Amazon.com in the 2nd quarter worth about $77,000. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on AMZN shares. JMP Securities restated a “market outperform” rating and set a $265.00 target price on shares of Amazon.com in a research report on Tuesday, October 15th. TD Securities raised their price objective on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Jefferies Financial Group cut their target price on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Evercore ISI restated an “outperform” rating and issued a $240.00 price target on shares of Amazon.com in a research report on Friday, October 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $210.00 price target on shares of Amazon.com in a research note on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $236.78.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $186.38 on Friday. The business has a 50-day moving average price of $183.11 and a two-hundred day moving average price of $183.54. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The company has a market cap of $1.94 trillion, a P/E ratio of 52.21, a PEG ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. As a group, analysts anticipate that Amazon.com, Inc. will post 4.85 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the transaction, the chief executive officer now directly owns 503,753 shares in the company, valued at approximately $95,335,255.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,355 shares of company stock valued at $9,877,423 over the last ninety days. 10.80% of the stock is owned by corporate insiders.

Amazon.com 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.