Garrison Asset Management LLC Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Garrison Asset Management LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,054 shares of the e-commerce giant’s stock after selling 110 shares during the quarter. Garrison Asset Management LLC’s holdings in Amazon.com were worth $590,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Cooksen Wealth LLC acquired a new position in Amazon.com during the 4th quarter worth $30,000. PayPay Securities Corp boosted its position in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the period. Christopher J. Hasenberg Inc boosted its position in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares during the period. Steph & Co. acquired a new position in Amazon.com during the 1st quarter worth $65,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new position in Amazon.com during the 1st quarter worth $69,000. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the transaction, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at $95,335,255.25. This represents a 0.00 % decrease in their ownership of the stock. The sale 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 the stock in a transaction 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 transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the transaction, the chief executive officer now owns 503,753 shares of the company’s stock, valued at $95,335,255.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock valued at $9,877,423 over the last three months. 10.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AMZN shares. JMP Securities reissued a “market outperform” rating and issued a $265.00 price objective on shares of Amazon.com in a research note on Friday, October 4th. Maxim Group boosted their price objective on Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Itau BBA Securities downgraded Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective on the stock. in a research note on Friday, August 2nd. JPMorgan Chase & Co. cut their target price on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $215.00 target price on shares of Amazon.com in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $224.00.

Amazon.com Stock Down 0.7 %

Shares of NASDAQ:AMZN opened at $187.54 on Tuesday. The firm’s 50-day moving average is $180.11 and its two-hundred day moving average is $183.24. 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 1 year low of $118.35 and a 1 year high of $201.20. The firm has a market capitalization of $1.95 trillion, a PE ratio of 52.53, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14.

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

About Amazon.com

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.