Hudson Portfolio Management LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.1% in the second quarter, Holdings Channel.com reports. The fund owned 91 shares of the e-commerce giant’s stock after selling 8 shares during the period. Hudson Portfolio Management LLC’s holdings in Amazon.com were worth $313,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. MRJ Capital Inc. purchased a new stake in Amazon.com in the first quarter worth $49,000. Cowa LLC grew its stake in Amazon.com by 100.0% in the first quarter. Cowa LLC now owns 20 shares of the e-commerce giant’s stock worth $68,000 after purchasing an additional 10 shares during the period. Laurel Wealth Planning LLC grew its stake in Amazon.com by 57.1% in the second quarter. Laurel Wealth Planning LLC now owns 22 shares of the e-commerce giant’s stock worth $76,000 after purchasing an additional 8 shares during the period. Newfound Research LLC grew its stake in Amazon.com by 62.5% in the second quarter. Newfound Research LLC now owns 26 shares of the e-commerce giant’s stock worth $89,000 after purchasing an additional 10 shares during the period. Finally, Horan Securities Inc. grew its stake in Amazon.com by 125.0% in the second quarter. Horan Securities Inc. now owns 27 shares of the e-commerce giant’s stock worth $92,000 after purchasing an additional 15 shares during the period. Institutional investors own 57.67% of the company’s stock.
Several equities research analysts recently weighed in on the company. KeyCorp reaffirmed a “buy” rating and issued a $4,000.00 price target on shares of Amazon.com in a research note on Tuesday, September 7th. Susquehanna Bancshares reduced their price target on Amazon.com from $5,500.00 to $5,000.00 and set a “positive” rating on the stock in a research note on Friday, July 30th. Morgan Stanley cut their target price on Amazon.com from $4,500.00 to $4,300.00 and set an “overweight” rating on the stock in a research note on Friday, July 30th. Jefferies Financial Group started coverage on Amazon.com in a research note on Friday, July 30th. They issued a “buy” rating and a $4,200.00 target price on the stock. Finally, BMO Capital Markets cut their target price on Amazon.com from $4,300.00 to $4,100.00 and set an “outperform” rating on the stock in a research note on Friday, July 30th. One analyst has rated the stock with a hold rating and forty have assigned a buy rating to the stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Buy” and a consensus price target of $4,151.30.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Wednesday, July 28th. The e-commerce giant reported $15.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.22 by $2.90. Amazon.com had a return on equity of 29.86% and a net margin of 6.64%. The firm had revenue of $113.08 billion during the quarter, compared to analysts’ expectations of $115.08 billion. On average, research analysts predict that Amazon.com, Inc. will post 52.18 earnings per share for the current fiscal year.
In other Amazon.com news, Director Jonathan Rubinstein sold 286 shares of the firm’s stock in a transaction that occurred on Wednesday, September 1st. The stock was sold at an average price of $3,500.00, for a total transaction of $1,001,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam Selipsky sold 1,356 shares of the firm’s stock in a transaction that occurred on Monday, August 16th. The shares were sold at an average price of $3,283.00, for a total value of $4,451,748.00. Following the transaction, the chief executive officer now owns 3,082 shares of the company’s stock, valued at approximately $10,118,206. The disclosure for this sale can be found here. Insiders have sold 4,463 shares of company stock valued at $14,784,642 in the last quarter. 14.00% of the stock is currently owned by company insiders.
Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.
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