Mizuho Markets Cayman LP Sells 142 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mizuho Markets Cayman LP lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% during the 3rd quarter, Holdings Channel reports. The firm owned 4,554 shares of the e-commerce giant’s stock after selling 142 shares during the quarter. Amazon.com comprises approximately 3.5% of Mizuho Markets Cayman LP’s investment portfolio, making the stock its 9th largest position. Mizuho Markets Cayman LP’s holdings in Amazon.com were worth $849,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of AMZN. Vawter Financial Ltd. raised its position in Amazon.com by 9.1% during the 3rd quarter. Vawter Financial Ltd. now owns 2,585 shares of the e-commerce giant’s stock worth $482,000 after buying an additional 216 shares during the last quarter. Northcape Wealth Management LLC raised its holdings in shares of Amazon.com by 782.1% during the third quarter. Northcape Wealth Management LLC now owns 15,746 shares of the e-commerce giant’s stock worth $2,934,000 after purchasing an additional 13,961 shares during the last quarter. First Long Island Investors LLC lifted its position in Amazon.com by 2.3% during the third quarter. First Long Island Investors LLC now owns 296,264 shares of the e-commerce giant’s stock valued at $55,203,000 after purchasing an additional 6,779 shares during the period. Gouws Capital LLC boosted its holdings in Amazon.com by 0.3% in the third quarter. Gouws Capital LLC now owns 40,366 shares of the e-commerce giant’s stock valued at $7,521,000 after purchasing an additional 125 shares during the last quarter. Finally, Bank of Marin grew its position in Amazon.com by 1.1% during the 3rd quarter. Bank of Marin now owns 15,880 shares of the e-commerce giant’s stock worth $2,959,000 after purchasing an additional 176 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $227.05 on Friday. The firm has a 50-day simple moving average of $209.04 and a two-hundred day simple moving average of $192.55. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00. The stock has a market cap of $2.39 trillion, a PE ratio of 48.62, a P/E/G ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Piper Sandler upped their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Evercore ISI lifted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 1st. JMP Securities reissued a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a report on Monday, December 16th. DA Davidson reaffirmed a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. Finally, Stifel Nicolaus increased their target price on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $243.00.

Insider Buying and Selling

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 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.