CloudAlpha Capital Management Limited Hong Kong Sells 79,116 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

CloudAlpha Capital Management Limited Hong Kong lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 49.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,384 shares of the e-commerce giant’s stock after selling 79,116 shares during the quarter. Amazon.com makes up about 1.1% of CloudAlpha Capital Management Limited Hong Kong’s investment portfolio, making the stock its 15th largest holding. CloudAlpha Capital Management Limited Hong Kong’s holdings in Amazon.com were worth $12,214,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PayPay Securities Corp raised its position in shares of Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its holdings in Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares during the period. Harbor Investment Advisory LLC raised its holdings in Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 1,988 shares during the period. Authentikos Wealth Advisory LLC acquired a new stake in Amazon.com during the third quarter worth approximately $49,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of Amazon.com during the fourth quarter worth approximately $57,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Barclays lifted their price target on Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Loop Capital boosted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Monday. Truist Financial raised their price target on shares of Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Morgan Stanley lifted their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Finally, Evercore ISI increased their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $211.62.

Amazon.com Trading Up 0.0 %

NASDAQ AMZN opened at $188.76 on Wednesday. The firm has a market capitalization of $1.96 trillion, a PE ratio of 52.87, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The business’s 50-day moving average price is $179.60 and its two-hundred day moving average price is $161.63. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 12 month low of $104.70 and a 12 month high of $189.94.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share. On average, analysts expect that Amazon.com, Inc. will post 4.67 EPS for the current year.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $173.33, for a total value of $1,039,780,497.17. Following the transaction, the insider now owns 970,255,270 shares in the company, valued at $168,174,345,949.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $173.33, for a total value of $1,039,780,497.17. Following the completion of the transaction, the insider now directly owns 970,255,270 shares of the company’s stock, valued at approximately $168,174,345,949.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The disclosure for this sale can be found here. Insiders sold a total of 26,197,961 shares of company stock worth $4,482,244,357 over the last three months. 10.80% of the stock is owned by company insiders.

About Amazon.com

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.