Dupont Capital Management Corp Sells 15,102 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Dupont Capital Management Corp cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 205,162 shares of the e-commerce giant’s stock after selling 15,102 shares during the period. Amazon.com makes up 3.2% of Dupont Capital Management Corp’s holdings, making the stock its 6th biggest holding. Dupont Capital Management Corp’s holdings in Amazon.com were worth $38,228,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. PayPay Securities Corp increased its holdings in shares of Amazon.com by 64.6% in 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 last quarter. Hoese & Co LLP bought a new position in shares of Amazon.com during the 3rd quarter valued at $37,000. Christopher J. Hasenberg Inc grew its holdings in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. bought a new stake in Amazon.com in the 1st quarter worth $69,000. Finally, Innealta Capital LLC bought a new stake in Amazon.com in the 2nd quarter worth $77,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

Shares of AMZN opened at $197.12 on Monday. The stock has a market cap of $2.07 trillion, a PE ratio of 42.21, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a fifty-two week low of $142.81 and a fifty-two week high of $215.90. The firm’s 50-day simple moving average is $193.00 and its two-hundred day simple moving average is $186.29.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. Analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent research reports. Wedbush lifted their price target on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. DA Davidson reiterated a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Royal Bank of Canada boosted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Sanford C. Bernstein lifted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Truist Financial lifted their price target on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.77.

Insiders Place Their Bets

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the sale, the chief executive officer now directly owns 518,911 shares in the company, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,011,423 shares of company stock valued at $1,249,093,896 in the last three months. 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.