HHR Asset Management LLC reduced its equity position by Amazon.com, Inc. (NASDAQ: AMZN) by 28.3% in Q1, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor held 7,569 shares of the e-commerce giant after selling 2,983 shares during the quarter. Amazon.com includes 4.5% of the holdings of HHR Asset Management LLC, making it its 11th largest holding. HHR Asset Management LLC’s holdings on Amazon.com were worth $24,674,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently increased or reduced their stakes in the company. Stuart Chaussee & Associates Inc. purchased a new stake in Amazon.com during the fourth quarter for $27,000. Econ Financial Services Corp bought a new stake in Amazon.com during the fourth quarter worth $33,000. Gibson Wealth Advisors LLC purchased a new stake in Amazon.com during the fourth quarter for $33,000. Leverty Financial Group LLC purchased a new stake in Amazon.com during the fourth quarter for $36,000. Finally, MBM Wealth Consultants LLC increased its stake in Amazon.com by 57.1% during the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant worth $37,000 after buying 4 more shares in the last quarter. Hedge funds and other institutional investors own 72.51% of the company’s shares.
Several equity research analysts have recently released reports on AMZN shares. DA Davidson reduced its price target on Amazon.com from $195.00 to $156.25 in a Friday, April 29 report. MKM Partners cut its price target on Amazon.com from $205.00 to $200.00 and set a “buy” rating on the stock in a Wednesday, April 20 research report. UBS Group reduced its price target on Amazon.com from $227.50 to $209.25 in a Friday, April 29 research report. Cowen reduced its price target on Amazon.com from $220.00 to $212.50 in a Friday, April 29 research report. Finally, Jefferies Financial Group reduced its price target on Amazon.com from $185.00 to $162.50 in a Tuesday, May 31 research report. Three analysts have assigned the stock a sell rating, one has assigned a hold rating and thirty-seven have assigned a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $187.07.
Separately, CEO Andrew R. Jassy sold 1,181 shares in a trade dated Monday, May 16. The stock was sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the completion of the sale, the CEO now directly owns 92,781 shares of the company, valued at approximately $209,870,622. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. Also, CEO Adam Selipski sold 34 shares in a trade dated Wednesday, March 30. The shares were sold at an average price of $3,370.19, for a total value of $114,586.46. Disclosure of this sale can be found here. Insiders sold a total of 4,837 shares of the company worth $10,642,923 during the last quarter. Company insiders own 12.70% of the company’s shares.
Shares of Amazon.com Stock opened at $113.22 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt ratio of 0.35. The company has a market capitalization of $1.15 trillion, a PE ratio of 54.66, a price-to-earnings growth ratio of 3.56, and a beta of 1.23. The company’s 50-day moving average price is $118.56 and its 200-day moving average price is $143.74. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.65.
Amazon.com (NASDAQ: AMZN – Get a rating) last reported quarterly earnings data on Thursday, April 28. The e-commerce giant reported EPS of $0.21 for the quarter, missing the consensus estimate of $0.44 per ($0.23). The company posted revenue of $116.44 billion for the quarter, versus a consensus estimate of $116.52 billion. Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. Amazon.com’s revenue for the quarter increased 7.3% compared to the same quarter last year. In the same quarter last year, the company posted earnings per share of $0.79. As a group, analysts predict Amazon.com, Inc. will post 1.22 earnings per share for the current fiscal year.
Amazon.co.uk profile (Get a rating)
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The Company operates through three segments: North America, International and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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