Hel Ved Capital Management Ltd Acquires Shares of 10,662 Amazon.com, Inc. $AMZN

Hel Ved Capital Management Ltd bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,662 shares of the e-commerce giant’s stock, valued at approximately $2,339,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Carderock Capital Management Inc. purchased a new stake in shares of Amazon.com during the 2nd quarter worth approximately $27,000. Maryland Capital Advisors Inc. grew its holdings in Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares during the period. Ryan Investment Management Inc. bought a new position in Amazon.com during the second quarter valued at $48,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Amazon.com in the first quarter worth $59,000. Finally, Access Investment Management LLC bought a new stake in shares of Amazon.com in the second quarter valued at $74,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMZN has been the subject of several recent research reports. Cowen reissued a “buy” rating on shares of Amazon.com in a report on Tuesday, November 25th. Raymond James Financial increased their target price on Amazon.com from $230.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. BMO Capital Markets reiterated an “outperform” rating on shares of Amazon.com in a research report on Friday, December 5th. Arete Research boosted their price objective on Amazon.com from $248.00 to $253.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $300.00 target price on shares of Amazon.com in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $295.43.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 17,768 shares of Amazon.com stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the completion of the sale, the chief executive officer directly owned 6,273 shares of the company’s stock, valued at approximately $1,360,613.70. The trade was a 73.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jonathan Rubinstein sold 8,173 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $250.03, for a total transaction of $2,043,495.19. Following the completion of the transaction, the director owned 80,030 shares of the company’s stock, valued at $20,009,900.90. This trade represents a 9.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 82,234 shares of company stock worth $19,076,767. Company insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $231.78 on Thursday. The stock has a market cap of $2.48 trillion, a P/E ratio of 32.74, a PEG ratio of 1.57 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. The business’s 50-day moving average price is $229.06 and its two-hundred day moving average price is $224.52. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. Amazon.com’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.43 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.