Krane Funds Advisors LLC Trims Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Krane Funds Advisors LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 75.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,313 shares of the e-commerce giant's stock after selling 4,093 shares during the quarter. Amazon.com accounts for approximately 0.2% of Krane Funds Advisors LLC's investment portfolio, making the stock its 26th largest position. Krane Funds Advisors LLC's holdings in Amazon.com were worth $245,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. PayPay Securities Corp grew its position in shares of 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 purchased a new stake in shares of Amazon.com during the 3rd quarter worth approximately $37,000. Christopher J. Hasenberg Inc grew its stake in shares of 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 acquiring an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Amazon.com in the first quarter valued at approximately $69,000. Finally, Innealta Capital LLC purchased a new position in shares of Amazon.com in the second quarter valued at $77,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMZN. BMO Capital Markets reissued an "outperform" rating and set a $236.00 price objective (up previously from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. Rosenblatt Securities boosted their target price on Amazon.com from $221.00 to $236.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Pivotal Research assumed coverage on Amazon.com in a research report on Friday, October 11th. They set a "buy" rating and a $260.00 price target for the company. Evercore ISI raised their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Bank of America lifted their price objective on shares of Amazon.com from $210.00 to $230.00 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 issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $235.45.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,766 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the transaction, the director now directly owns 94,630 shares in the company, valued at approximately $19,858,105.50. The trade was a 4.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares of the company's stock, valued at approximately $21,989,299.44. This trade represents a 3.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,053,349 shares of company stock worth $1,256,503,289 in the last three months. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

Amazon.com stock traded down $0.91 during mid-day trading on Monday, reaching $201.70. 35,113,516 shares of the company's stock were exchanged, compared to its average volume of 41,602,008. 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 firm has a market capitalization of $2.12 trillion, a PE ratio of 43.63, a P/E/G ratio of 1.36 and a beta of 1.14. Amazon.com, Inc. has a one year low of $141.50 and a one year high of $215.90. The business's fifty day simple moving average is $191.16 and its 200 day simple moving average is $185.81.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. During the same quarter last year, the company posted $0.85 EPS. The business's quarterly revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current 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.