Thames Capital Management LLC Sells 10,708 Shares of Amazon.com, Inc. $AMZN

Thames Capital Management LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 23.7% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,546 shares of the e-commerce giant’s stock after selling 10,708 shares during the quarter. Amazon.com makes up 1.7% of Thames Capital Management LLC’s holdings, making the stock its 25th largest holding. Thames Capital Management LLC’s holdings in Amazon.com were worth $7,579,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Carderock Capital Management Inc. bought a new position in shares of Amazon.com in the second quarter worth about $27,000. Maryland Capital Advisors Inc. lifted its holdings in Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 95 shares in the last quarter. Ryan Investment Management Inc. bought a new position in Amazon.com in the 2nd quarter worth approximately $48,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Amazon.com during the 1st quarter valued at approximately $59,000. Finally, Access Investment Management LLC purchased a new stake in Amazon.com during the 2nd quarter valued at approximately $74,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.2%

Shares of NASDAQ AMZN opened at $229.53 on Friday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. The business’s 50 day moving average is $228.58 and its two-hundred day moving average is $223.95. The stock has a market capitalization of $2.45 trillion, a P/E ratio of 32.42, a PEG ratio of 1.58 and a beta of 1.37.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AMZN shares. Truist Financial set a $290.00 target price on shares of Amazon.com in a research report on Friday, October 31st. BNP Paribas initiated coverage on shares of Amazon.com in a research note on Monday, November 24th. They issued an “outperform” rating on the stock. Maxim Group raised their price objective on Amazon.com from $272.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, October 31st. CIBC lifted their target price on Amazon.com to $315.00 in a report on Monday, October 20th. Finally, KeyCorp reissued an “overweight” rating on shares of Amazon.com in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $295.93.

Insider Buying and Selling

In other news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $216.94, for a total value of $4,311,031.68. Following the completion of the sale, the chief executive officer owned 2,208,310 shares in the company, valued at approximately $479,070,771.40. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith Brian Alexander sold 900 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $233.00, for a total transaction of $209,700.00. Following the transaction, the director owned 7,170 shares in the company, valued at $1,670,610. The trade was a 11.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 82,234 shares of company stock valued at $19,076,767 over the last 90 days. 9.70% of the stock is currently owned by insiders.

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.