Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Hellman Jordan Management Co. Inc. MA

Hellman Jordan Management Co. Inc. MA lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 38.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 281 shares of the e-commerce giant’s stock after selling 179 shares during the quarter. Hellman Jordan Management Co. Inc. MA’s holdings in Amazon.com were worth $916,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Fifth Third Bancorp grew its position in Amazon.com by 1.5% during the first quarter. Fifth Third Bancorp now owns 177,679 shares of the e-commerce giant’s stock valued at $579,225,000 after buying an additional 2,686 shares during the period. LRT Capital Management LLC acquired a new stake in Amazon.com during the first quarter valued at $939,000. Van Hulzen Asset Management LLC grew its position in Amazon.com by 2.1% during the first quarter. Van Hulzen Asset Management LLC now owns 3,993 shares of the e-commerce giant’s stock valued at $13,017,000 after buying an additional 82 shares during the period. Graypoint LLC grew its position in Amazon.com by 57.9% during the first quarter. Graypoint LLC now owns 1,704 shares of the e-commerce giant’s stock valued at $5,555,000 after buying an additional 625 shares during the period. Finally, Castle Rock Wealth Management LLC grew its position in Amazon.com by 10.6% during the first quarter. Castle Rock Wealth Management LLC now owns 1,715 shares of the e-commerce giant’s stock valued at $5,422,000 after buying an additional 164 shares during the period. Institutional investors and hedge funds own 57.15% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $123.53 on Friday. Amazon.com, Inc. has a 1-year low of $101.26 and a 1-year high of $188.11. The stock has a market cap of $1.26 trillion, a PE ratio of 110.74, a P/E/G ratio of 5.74 and a beta of 1.33. The firm has a 50-day simple moving average of $129.36 and a two-hundred day simple moving average of $131.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.68.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The company had revenue of $121.23 billion for the quarter, compared to analyst estimates of $119.16 billion. During the same quarter in the prior year, the business earned $0.76 earnings per share. Amazon.com’s revenue was up 7.2% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 0.99 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total value of $66,263.60. Following the completion of the transaction, the chief executive officer now owns 115,680 shares in the company, valued at $14,741,102.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total value of $66,263.60. Following the completion of the transaction, the chief executive officer now owns 115,680 shares in the company, valued at $14,741,102.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 23,620 shares of Amazon.com stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the completion of the transaction, the chief executive officer now owns 1,892,000 shares of the company’s stock, valued at approximately $269,212,680. The disclosure for this sale can be found here. Insiders sold a total of 70,628 shares of company stock worth $9,802,599 over the last three months. Insiders own 12.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMZN. DA Davidson restated a “buy” rating and set a $151.00 price target on shares of Amazon.com in a research report on Friday, August 5th. MKM Partners decreased their price objective on shares of Amazon.com from $180.00 to $165.00 in a report on Monday, July 25th. Oppenheimer decreased their price objective on shares of Amazon.com from $175.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, July 25th. Credit Suisse Group decreased their price objective on shares of Amazon.com from $185.00 to $170.00 and set an “outperform” rating on the stock in a report on Tuesday, July 26th. Finally, Wolfe Research increased their price objective on shares of Amazon.com from $140.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $176.61.

Amazon.com Profile

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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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

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