Armstrong Henry H Associates Inc. Cuts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Armstrong Henry H Associates Inc. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.9% during the second quarter, Holdings Channel reports. The fund owned 12,365 shares of the e-commerce giant’s stock after selling 770 shares during the period. Amazon.com comprises 0.2% of Armstrong Henry H Associates Inc.’s investment portfolio, making the stock its 26th largest position. Armstrong Henry H Associates Inc.’s holdings in Amazon.com were worth $1,612,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. St. James Investment Advisors LLC grew its stake in shares of Amazon.com by 97.7% during the fourth quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock worth $29,000 after purchasing an additional 170 shares in the last quarter. Laurel Wealth Planning LLC grew its stake in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. acquired a new position in Amazon.com in the fourth quarter valued at $37,000. Swaine & Leidel Wealth Services LLC acquired a new position in Amazon.com in the first quarter valued at $38,000. Finally, Ruedi Wealth Management Inc. acquired a new position in Amazon.com in the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Insider Activity

In other news, major shareholder Amazon Com Inc sold 1,177,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total value of $22,951,500.00. Following the transaction, the insider now owns 12,741,445 shares of the company’s stock, valued at approximately $248,458,177.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP David Zapolsky sold 42,816 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total value of $6,213,886.08. Following the transaction, the senior vice president now owns 64,380 shares of the company’s stock, valued at approximately $9,343,469.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the transaction, the insider now directly owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,408,645 shares of company stock valued at $55,216,743. Company insiders own 12.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. StockNews.com downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday. BNP Paribas upgraded shares of Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price objective for the company in a research note on Friday, August 4th. Canaccord Genuity Group upped their price objective on shares of Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Canaccord Genuity Group increased their target price on shares of Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, CICC Research assumed coverage on shares of Amazon.com in a research note on Sunday, July 9th. They set an “outperform” rating for the company. Three equities research analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $161.22.

Amazon.com Stock Down 0.3 %

Shares of AMZN opened at $139.98 on Tuesday. The firm has a market cap of $1.44 trillion, a PE ratio of 110.22, a price-to-earnings-growth ratio of 1.92 and a beta of 1.24. The company’s fifty day moving average is $135.07 and its two-hundred day moving average is $119.43. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $145.86. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. The company had revenue of $134.38 billion for the quarter, compared to analyst estimates of $131.54 billion. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. Analysts forecast that Amazon.com, Inc. will post 2.23 earnings per share for the current year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.