Tanaka Capital Management Inc. Sells 144 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Tanaka Capital Management Inc. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 23.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 460 shares of the e-commerce giant’s stock after selling 144 shares during the period. Amazon.com accounts for approximately 2.7% of Tanaka Capital Management Inc.’s holdings, making the stock its 16th biggest position. Tanaka Capital Management Inc.’s holdings in Amazon.com were worth $871,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AMZN. Questar Asset Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter valued at $721,000. Ford Financial Group Inc. boosted its stake in Amazon.com by 105.9% in the 4th quarter. Ford Financial Group Inc. now owns 383 shares of the e-commerce giant’s stock worth $575,000 after purchasing an additional 197 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in Amazon.com by 9.5% in the 4th quarter. Handelsbanken Fonder AB now owns 45,672 shares of the e-commerce giant’s stock worth $68,598,000 after purchasing an additional 3,972 shares in the last quarter. WESPAC Advisors LLC boosted its stake in Amazon.com by 13.5% in the 4th quarter. WESPAC Advisors LLC now owns 312 shares of the e-commerce giant’s stock worth $469,000 after purchasing an additional 37 shares in the last quarter. Finally, Telos Capital Management Inc. boosted its stake in Amazon.com by 10.7% in the 4th quarter. Telos Capital Management Inc. now owns 1,888 shares of the e-commerce giant’s stock worth $2,836,000 after purchasing an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 55.71% of the company’s stock.

In other news, VP Shelley Reynolds sold 379 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,775.43, for a total transaction of $672,887.97. Following the completion of the sale, the vice president now owns 6,307 shares of the company’s stock, valued at approximately $11,197,637.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Zapolsky sold 763 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total transaction of $1,526,000.00. Following the sale, the insider now directly owns 2,698 shares of the company’s stock, valued at approximately $5,396,000. The disclosure for this sale can be found here. Insiders have sold a total of 30,514 shares of company stock valued at $56,347,835 in the last ninety days. Insiders own 16.10% of the company’s stock.

A number of equities analysts recently issued reports on AMZN shares. Benchmark reiterated a “buy” rating and issued a $2,300.00 price target on shares of Amazon.com in a research note on Friday, July 26th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, July 29th. Loop Capital set a $2,380.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a research note on Monday, July 15th. Morgan Stanley reiterated an “overweight” rating and issued a $2,300.00 price target (up previously from $2,100.00) on shares of Amazon.com in a research note on Monday, July 15th. Finally, William Blair reiterated an “outperform” rating on shares of Amazon.com in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and forty-one have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $2,260.11.

AMZN traded down $27.34 during midday trading on Friday, hitting $1,794.16. 4,324,478 shares of the company traded hands, compared to its average volume of 2,766,558. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $899.02 billion, a PE ratio of 89.08, a price-to-earnings-growth ratio of 2.31 and a beta of 1.57. The company’s 50-day moving average is $1,801.56 and its 200 day moving average is $1,843.04. Amazon.com, Inc. has a 52 week low of $1,307.00 and a 52 week high of $2,035.80.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.29 by ($0.07). Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The business had revenue of $63.40 billion for the quarter, compared to analysts’ expectations of $62.59 billion. During the same period in the previous year, the company earned $5.07 EPS. Amazon.com’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, sell-side analysts predict that Amazon.com, Inc. will post 24.01 earnings per share for the current fiscal year.

Amazon.com 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 third-party sellers through physical stores and online stores.

Featured Article: Does the discount rate affect the economy?

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit