Amazon.com, Inc. (NASDAQ:AMZN) Position Cut by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 39,155 shares of the e-commerce giant’s stock after selling 388 shares during the quarter. Amazon.com accounts for approximately 1.1% of HHM Wealth Advisors LLC’s holdings, making the stock its 16th biggest holding. HHM Wealth Advisors LLC’s holdings in Amazon.com were worth $7,567,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in AMZN. Public Employees Retirement System of Ohio raised its stake in shares of Amazon.com by 3.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 4,991,733 shares of the e-commerce giant’s stock valued at $758,444,000 after purchasing an additional 151,082 shares in the last quarter. United Advisor Group LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at about $2,937,000. GSA Capital Partners LLP raised its stake in shares of Amazon.com by 53.3% during the fourth quarter. GSA Capital Partners LLP now owns 39,525 shares of the e-commerce giant’s stock valued at $6,005,000 after purchasing an additional 13,748 shares in the last quarter. O Dell Group LLC raised its stake in shares of Amazon.com by 0.5% during the fourth quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock valued at $2,064,000 after purchasing an additional 61 shares in the last quarter. Finally, Aspect Partners LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at about $444,000. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the business’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 completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,355 shares of company stock worth $9,877,423. 10.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

AMZN has been the topic of a number of recent analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a research note on Monday, October 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $215.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. TD Cowen boosted their price target on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Scotiabank initiated coverage on shares of Amazon.com in a research report on Friday. They issued a “sector outperform” rating and a $245.00 price target on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price target on shares of Amazon.com in a research report on Thursday, September 12th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Amazon.com Stock Up 1.2 %

Shares of Amazon.com stock opened at $188.82 on Friday. The firm has a market cap of $1.98 trillion, a price-to-earnings ratio of 45.17, a P/E/G ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The stock has a 50-day simple moving average of $179.58 and a 200-day simple moving average of $183.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. On average, equities research analysts expect that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

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.