Holderness Investments Co. Trims Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Holderness Investments Co. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 71,606 shares of the e-commerce giant’s stock after selling 129 shares during the period. Amazon.com comprises approximately 3.3% of Holderness Investments Co.’s portfolio, making the stock its 5th largest holding. Holderness Investments Co.’s holdings in Amazon.com were worth $13,838,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Buckingham Capital Management Inc. increased its stake in Amazon.com by 2.4% in the 1st quarter. Buckingham Capital Management Inc. now owns 107,144 shares of the e-commerce giant’s stock worth $19,327,000 after purchasing an additional 2,521 shares during the period. Triangle Securities Wealth Management grew its holdings in shares of Amazon.com by 1.9% in the first quarter. Triangle Securities Wealth Management now owns 18,173 shares of the e-commerce giant’s stock worth $3,278,000 after purchasing an additional 346 shares during the last quarter. CVA Family Office LLC increased its stake in shares of Amazon.com by 0.8% in the first quarter. CVA Family Office LLC now owns 20,572 shares of the e-commerce giant’s stock worth $3,711,000 after buying an additional 164 shares during the period. Johnson & White Wealth Management LLC raised its holdings in Amazon.com by 11.0% during the 1st quarter. Johnson & White Wealth Management LLC now owns 7,337 shares of the e-commerce giant’s stock valued at $1,323,000 after buying an additional 728 shares during the last quarter. Finally, Daymark Wealth Partners LLC boosted its position in Amazon.com by 1.1% during the 1st quarter. Daymark Wealth Partners LLC now owns 249,299 shares of the e-commerce giant’s stock valued at $44,969,000 after buying an additional 2,694 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

NASDAQ AMZN opened at $189.07 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 52.96, a PEG ratio of 1.38 and a beta of 1.14. The stock has a 50-day moving average of $182.43 and a 200 day moving average of $183.50. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $148.63 billion. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.85 EPS for the current year.

Insider Activity

In related news, SVP David Zapolsky sold 2,190 shares of Amazon.com 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 sale, the senior vice president now 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 sale was disclosed in a legal filing with the SEC, which is available at this link. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated 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 directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the sale, the chief executive officer now owns 503,753 shares of the company’s stock, valued at approximately $95,335,255.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,355 shares of company stock valued at $9,877,423 in the last ninety days. 10.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AMZN. Jefferies Financial Group decreased their price objective on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. JPMorgan Chase & Co. reduced their price target on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Roth Mkm upped their price target on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Truist Financial lifted their price objective on Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $236.78.

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.