Garrison Point Advisors LLC Reduces Position in Amazon.com, Inc. (NASDAQ:AMZN)

Garrison Point Advisors LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,255 shares of the e-commerce giant’s stock after selling 120 shares during the quarter. Amazon.com makes up approximately 2.6% of Garrison Point Advisors LLC’s portfolio, making the stock its 5th largest holding. Garrison Point Advisors LLC’s holdings in Amazon.com were worth $3,914,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. South Street Advisors LLC increased its position in Amazon.com by 0.7% during the second quarter. South Street Advisors LLC now owns 21,183 shares of the e-commerce giant’s stock worth $4,094,000 after acquiring an additional 155 shares during the period. Blue Square Asset Management LLC increased its position in Amazon.com by 20.7% during the second quarter. Blue Square Asset Management LLC now owns 22,073 shares of the e-commerce giant’s stock worth $4,266,000 after acquiring an additional 3,793 shares during the period. Angeles Wealth Management LLC increased its position in Amazon.com by 6.4% during the second quarter. Angeles Wealth Management LLC now owns 46,082 shares of the e-commerce giant’s stock worth $8,905,000 after acquiring an additional 2,780 shares during the period. Brasada Capital Management LP increased its position in Amazon.com by 21.0% during the second quarter. Brasada Capital Management LP now owns 79,538 shares of the e-commerce giant’s stock worth $15,504,000 after acquiring an additional 13,809 shares during the period. Finally, Carson Advisory Inc. increased its position in Amazon.com by 1.8% during the second quarter. Carson Advisory Inc. now owns 6,889 shares of the e-commerce giant’s stock worth $1,331,000 after acquiring an additional 124 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $188.82 on Friday. The company has a market capitalization 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 firm’s 50 day simple moving average is $179.58 and its 200 day simple moving average is $183.14. 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 fifty-two week low of $118.35 and a fifty-two week high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The business had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the transaction, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at approximately $95,335,255.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,355 shares of company stock valued at $9,877,423. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Wedbush reiterated an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. Robert W. Baird lifted their price target on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research note on Friday, June 21st. JPMorgan Chase & Co. decreased their price target on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, Evercore ISI reiterated an “outperform” rating and set a $240.00 price target on shares of Amazon.com in a research note on Friday. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Amazon.com Company 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.