Harspring Capital Management LLC Has $36.56 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Harspring Capital Management LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 9.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 189,200 shares of the e-commerce giant’s stock after selling 20,000 shares during the quarter. Amazon.com accounts for about 9.3% of Harspring Capital Management LLC’s holdings, making the stock its 3rd biggest holding. Harspring Capital Management LLC’s holdings in Amazon.com were worth $36,563,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after buying an additional 14,724,687 shares during the last quarter. Capital Research Global Investors raised 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 valued at $15,689,968,000 after buying an additional 6,810,145 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Amazon.com by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after buying an additional 289,532 shares during the last quarter. Jennison Associates LLC raised its holdings in Amazon.com by 0.5% during the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock valued at $10,221,446,000 after buying an additional 295,132 shares during the last quarter. Finally, Capital International Investors raised its holdings in Amazon.com by 7.4% during the 1st quarter. Capital International Investors now owns 42,370,172 shares of the e-commerce giant’s stock valued at $7,642,732,000 after buying an additional 2,932,192 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

NASDAQ AMZN opened at $189.70 on Wednesday. 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 $1.97 trillion, a price-to-earnings ratio of 53.14, a PEG ratio of 1.38 and a beta of 1.14. The company’s 50 day moving average is $182.82 and its two-hundred day moving average is $183.53. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS 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 company had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. As a group, research analysts anticipate that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were 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 in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the sale, the chief executive officer now directly owns 503,753 shares of the company’s stock, 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. In the last 90 days, insiders have sold 54,355 shares of company stock worth $9,877,423. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on AMZN. TD Cowen upped their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Piper Sandler decreased their price objective on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Cantor Fitzgerald restated an “overweight” rating and issued a $230.00 price objective on shares of Amazon.com in a report on Monday, October 7th. Jefferies Financial Group decreased their price objective on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, DA Davidson restated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $236.78.

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.