Armstrong Henry H Associates Inc. Has $1.61 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Armstrong Henry H Associates Inc. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,365 shares of the e-commerce giant’s stock after selling 770 shares during the period. Amazon.com accounts for 0.2% of Armstrong Henry H Associates Inc.’s portfolio, making the stock its 26th largest holding. Armstrong Henry H Associates Inc.’s holdings in Amazon.com were worth $1,612,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Kavar Capital Partners Group LLC increased its position in Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after acquiring an additional 79 shares during the period. IFM Investors Pty Ltd increased its position in Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after acquiring an additional 13,060 shares during the period. Ironwood Wealth Management LLC. increased its position in Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after acquiring an additional 15 shares during the period. Markel Corp increased its position in Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after acquiring an additional 550 shares during the period. Finally, Leelyn Smith LLC increased its position in Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after acquiring an additional 540 shares during the period. Institutional investors and hedge funds own 57.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMZN. Sanford C. Bernstein boosted their target price on shares of Amazon.com from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 19th. Credit Suisse Group boosted their target price on shares of Amazon.com from $176.00 to $189.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Loop Capital boosted their price target on shares of Amazon.com from $180.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Evercore ISI boosted their price target on shares of Amazon.com from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Finally, Benchmark upped their price target on shares of Amazon.com from $130.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Three analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $161.22.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $133.87, for a total value of $414,997.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $16,034,948.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $133.87, for a total value of $414,997.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $16,034,948.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 42,816 shares of Amazon.com stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $145.13, for a total value of $6,213,886.08. Following the completion of the sale, the senior vice president now owns 64,380 shares of the company’s stock, valued at $9,343,469.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,408,645 shares of company stock valued at $55,216,743 over the last ninety days. 12.30% of the stock is owned by company insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $139.98 on Tuesday. The business’s 50-day moving average price is $135.07 and its 200-day moving average price is $119.43. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $145.86. The firm has a market capitalization of $1.44 trillion, a price-to-earnings ratio of 110.22, a PEG ratio of 1.92 and a beta of 1.24. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The firm had revenue of $134.38 billion for the quarter, compared to analyst estimates of $131.54 billion. Equities research analysts forecast that Amazon.com, Inc. will post 2.23 EPS for the current year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.