Capital Management Associates Inc Sells 48,691 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Capital Management Associates Inc reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 88.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,561 shares of the e-commerce giant’s stock after selling 48,691 shares during the quarter. Amazon.com comprises about 0.8% of Capital Management Associates Inc’s portfolio, making the stock its 23rd largest position. Capital Management Associates Inc’s holdings in Amazon.com were worth $1,268,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Amazon.com in the fourth quarter valued at $17,700,551,000. Vanguard Group Inc. grew its holdings in Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares during the period. Swedbank AB purchased a new stake in Amazon.com during the first quarter valued at about $2,239,757,000. Capital World Investors grew its stake in Amazon.com by 64.6% in the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after buying an additional 11,524,463 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Down 1.7 %

Amazon.com stock opened at $187.97 on Monday. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The stock has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.65, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The business has a 50 day moving average price of $178.92 and a two-hundred day moving average price of $182.68. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last posted its quarterly 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. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. As a group, equities analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current year.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Jeffrey P. Bezos sold 1,463,437 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $200.08, for a total value of $292,804,474.96. Following the sale, the insider now owns 935,211,842 shares in the company, valued at approximately $187,117,185,347.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The disclosure for this sale can be found here. Insiders sold 6,098,297 shares of company stock valued at $1,219,443,957 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating and set a $230.00 price objective on shares of Amazon.com in a research note on Thursday, September 19th. TD Cowen raised their target price on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Morgan Stanley dropped their target price on shares of Amazon.com from $240.00 to $210.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of Amazon.com in a report on Friday, August 2nd. Finally, Jefferies Financial Group decreased their price target on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $222.84.

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.