Zweig DiMenna Associates LLC Sells 9,100 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Zweig DiMenna Associates LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 290,684 shares of the e-commerce giant’s stock after selling 9,100 shares during the quarter. Amazon.com makes up approximately 5.5% of Zweig DiMenna Associates LLC’s portfolio, making the stock its 2nd biggest position. Zweig DiMenna Associates LLC’s holdings in Amazon.com were worth $54,163,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. PayPay Securities Corp lifted its holdings in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares during the period. Hoese & Co LLP acquired a new position in Amazon.com during the 3rd quarter worth about $37,000. Values First Advisors Inc. acquired a new position in Amazon.com during the 3rd quarter worth about $56,000. Christopher J. Hasenberg Inc lifted its holdings in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the period. Finally, Koesten Hirschmann & Crabtree INC. acquired a new position in Amazon.com during the 1st quarter worth about $69,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 2,190 shares of the company’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 value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,026,683 shares of company stock worth $1,252,148,795. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

AMZN stock opened at $205.74 on Thursday. The firm has a market cap of $2.16 trillion, a PE ratio of 44.06, a P/E/G ratio of 1.35 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average of $194.14 and a 200-day moving average of $186.66. Amazon.com, Inc. has a 12-month low of $142.81 and a 12-month high of $215.90.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AMZN shares. Wells Fargo & Company reissued an “equal weight” rating and issued a $197.00 price objective on shares of Amazon.com in a research note on Wednesday, November 20th. Itau BBA Securities downgraded Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective on the stock. in a research note on Friday, August 2nd. Morgan Stanley boosted their price objective on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Jefferies Financial Group boosted their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $236.20.

About Amazon.com

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.