Hudson Canyon Capital Management Sells 1,601 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Hudson Canyon Capital Management decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,011 shares of the e-commerce giant’s stock after selling 1,601 shares during the quarter. Amazon.com accounts for about 3.1% of Hudson Canyon Capital Management’s investment portfolio, making the stock its 5th largest holding. Hudson Canyon Capital Management’s holdings in Amazon.com were worth $4,640,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Collective Family Office LLC raised its holdings in Amazon.com by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after acquiring an additional 819 shares in the last quarter. Phillips Wealth Planners LLC increased its position in shares of Amazon.com by 9.2% in the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after purchasing an additional 224 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Amazon.com in the 4th quarter valued at about $5,926,000. Concord Investment Counsel Inc. bought a new position in shares of Amazon.com during the first quarter worth about $20,790,000. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of Amazon.com by 26.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant’s stock worth $116,222,000 after purchasing an additional 133,471 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 1.7 %

Amazon.com stock opened at $187.97 on Monday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The firm’s 50 day moving average price is $178.92 and its two-hundred day moving average price is $182.68. The firm has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.65, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. On average, research analysts predict that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jeffrey P. Bezos sold 1,463,437 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $200.08, for a total transaction of $292,804,474.96. Following the transaction, the insider now owns 935,211,842 shares of the company’s stock, valued at approximately $187,117,185,347.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,098,297 shares of company stock worth $1,219,443,957. 10.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Roth Mkm upped their price objective on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. BMO Capital Markets reissued an “outperform” rating and set a $230.00 price target on shares of Amazon.com in a research report on Thursday, September 19th. Itau BBA Securities downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a report on Friday, August 2nd. Needham & Company LLC reissued a “buy” rating and set a $210.00 target price on shares of Amazon.com in a report on Thursday, September 12th. Finally, Rosenblatt Securities lifted their price target on shares of Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Amazon.com has an average rating of “Buy” and an average price target of $222.84.

Amazon.com 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.