Kayak Investment Partners LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 40.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,926 shares of the e-commerce giant’s stock after selling 8,233 shares during the quarter. Amazon.com comprises approximately 14.3% of Kayak Investment Partners LLC’s portfolio, making the stock its 2nd biggest position. Kayak Investment Partners LLC’s holdings in Amazon.com were worth $17,261,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Lee Financial Co increased its holdings in shares of Amazon.com by 154.3% during the first quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock valued at $129,000 after acquiring an additional 54 shares in the last quarter. Santori & Peters Inc. bought a new position in shares of Amazon.com during the fourth quarter valued at $121,000. Taylor Hoffman Wealth Management bought a new position in shares of Amazon.com during the fourth quarter valued at $108,000. Point72 Asia Hong Kong Ltd bought a new position in shares of Amazon.com during the first quarter valued at $145,000. Finally, Braun Bostich & Associates Inc. bought a new position in shares of Amazon.com during the first quarter valued at $174,000. Hedge funds and other institutional investors own 57.41% of the company’s stock.
In other Amazon.com news, Director Tom A. Alberg sold 2,320 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $1,827.29, for a total value of $4,239,312.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thomas O. Ryder sold 5,000 shares of Amazon.com stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $1,783.81, for a total value of $8,919,050.00. Following the transaction, the director now directly owns 10,752 shares in the company, valued at $19,179,525.12. The disclosure for this sale can be found here. Insiders sold 21,308 shares of company stock worth $39,933,558 over the last three months. Insiders own 16.30% of the company’s stock.
Shares of NASDAQ:AMZN opened at $2,039.51 on Wednesday. The stock has a market capitalization of $981.68 billion, a price-to-earnings ratio of 182.64, a PEG ratio of 4.29 and a beta of 1.60. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.78 and a current ratio of 1.07. Amazon.com, Inc. has a 52-week low of $931.75 and a 52-week high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $2.58. The business had revenue of $52.89 billion for the quarter, compared to analysts’ expectations of $53.37 billion. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The business’s revenue for the quarter was up 39.3% on a year-over-year basis. During the same period last year, the firm posted $0.40 earnings per share. equities analysts anticipate that Amazon.com, Inc. will post 17.69 EPS for the current year.
Several brokerages have recently weighed in on AMZN. Piper Jaffray Companies restated an “overweight” rating and set a $2,100.00 price target (up from $2,075.00) on shares of Amazon.com in a report on Friday, July 27th. Macquarie restated a “buy” rating on shares of Amazon.com in a report on Wednesday, August 15th. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a report on Thursday, August 23rd. Canaccord Genuity restated a “buy” rating and set a $2,000.00 price target (up from $1,800.00) on shares of Amazon.com in a report on Thursday, July 12th. Finally, BidaskClub upgraded Amazon.com from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 17th. Two equities research analysts have rated the stock with a hold rating, forty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $1,957.92.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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