Amazon.com, Inc. (AMZN) Holdings Cut by Hedeker Wealth LLC

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Hedeker Wealth LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 23.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,965 shares of the e-commerce giant’s stock after selling 597 shares during the quarter. Amazon.com comprises 1.7% of Hedeker Wealth LLC’s investment portfolio, making the stock its 18th biggest position. Hedeker Wealth LLC’s holdings in Amazon.com were worth $1,742,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. BKD Wealth Advisors LLC raised its position in shares of Amazon.com by 3.1% during the 2nd quarter. BKD Wealth Advisors LLC now owns 943 shares of the e-commerce giant’s stock valued at $1,603,000 after buying an additional 28 shares in the last quarter. Granite Springs Asset Management LLC raised its position in shares of Amazon.com by 6.1% during the 2nd quarter. Granite Springs Asset Management LLC now owns 518 shares of the e-commerce giant’s stock valued at $880,000 after buying an additional 30 shares in the last quarter. Cornerstone Advisors Inc. raised its position in shares of Amazon.com by 3.9% during the 2nd quarter. Cornerstone Advisors Inc. now owns 802 shares of the e-commerce giant’s stock valued at $1,363,000 after buying an additional 30 shares in the last quarter. Private Trust Co. NA raised its position in shares of Amazon.com by 0.7% during the 2nd quarter. Private Trust Co. NA now owns 4,504 shares of the e-commerce giant’s stock valued at $7,655,000 after buying an additional 31 shares in the last quarter. Finally, Palladium Partners LLC raised its position in shares of Amazon.com by 6.9% during the 1st quarter. Palladium Partners LLC now owns 493 shares of the e-commerce giant’s stock valued at $714,000 after buying an additional 32 shares in the last quarter. Institutional investors and hedge funds own 57.36% of the company’s stock.

AMZN has been the topic of several research reports. Zacks Investment Research cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Morgan Stanley reaffirmed a “buy” rating on shares of Amazon.com in a report on Tuesday, July 17th. Morningstar reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday. Barclays reaffirmed a “buy” rating and set a $1,870.00 target price on shares of Amazon.com in a report on Friday, July 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, October 1st. Four research analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the stock. Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $2,005.64.

Shares of Amazon.com stock opened at $1,788.61 on Friday. The firm has a market capitalization of $976.95 billion, a price-to-earnings ratio of 393.10, a PEG ratio of 4.17 and a beta of 1.58. Amazon.com, Inc. has a 12-month low of $962.50 and a 12-month high of $2,050.50. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.78 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $2.58. The business had revenue of $52.89 billion for the quarter, compared to analyst estimates of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The company’s revenue was up 39.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 EPS. Research analysts expect that Amazon.com, Inc. will post 17.78 earnings per share for the current fiscal year.

In other news, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $1,981.72, for a total transaction of $3,963,440.00. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $19,817,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 1,726 shares of Amazon.com stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $1,900.00, for a total transaction of $3,279,400.00. Following the sale, the chief executive officer now directly owns 88,801 shares in the company, valued at approximately $168,721,900. The disclosure for this sale can be found here. In the last three months, insiders sold 25,308 shares of company stock worth $47,905,498. Insiders own 16.30% of the company’s stock.

Amazon.com Profile

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) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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

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