Hallmark Capital Management Inc. Has $1.28 Million Position in Amazon.com, Inc. (AMZN)

Hallmark Capital Management Inc. lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 14.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 753 shares of the e-commerce giant’s stock after selling 123 shares during the quarter. Hallmark Capital Management Inc.’s holdings in Amazon.com were worth $1,279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Summit Trail Advisors LLC grew its stake in Amazon.com by 180,406.1% during the 1st quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after acquiring an additional 9,842,959 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in Amazon.com by 198,956.6% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock valued at $1,949,000 after acquiring an additional 3,338,491 shares in the last quarter. Natixis grew its stake in Amazon.com by 296.9% during the 1st quarter. Natixis now owns 198,729 shares of the e-commerce giant’s stock valued at $287,629,000 after acquiring an additional 148,654 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Amazon.com by 8.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,418,279 shares of the e-commerce giant’s stock valued at $2,410,791,000 after acquiring an additional 111,901 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Amazon.com by 10.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,172,604 shares of the e-commerce giant’s stock valued at $1,697,157,000 after acquiring an additional 111,563 shares in the last quarter. 56.59% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Patricia Q. Stonesifer sold 1,375 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $1,678.99, for a total value of $2,308,611.25. Following the completion of the sale, the director now directly owns 9,127 shares in the company, valued at approximately $15,324,141.73. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 1,726 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $1,900.00, for a total value of $3,279,400.00. Following the completion of the sale, the chief executive officer now owns 88,801 shares of the company’s stock, valued at $168,721,900. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,327 shares of company stock valued at $64,744,896. Corporate insiders own 16.30% of the company’s stock.

AMZN opened at $1,712.43 on Friday. Amazon.com, Inc. has a twelve month low of $1,121.63 and a twelve month high of $2,050.50. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.08 and a quick ratio of 0.80. The company has a market capitalization of $858.38 billion, a P/E ratio of 108.03, a P/E/G ratio of 3.36 and a beta of 1.70.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.29 by $2.46. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. The firm had revenue of $56.58 billion during the quarter, compared to analyst estimates of $57.05 billion. Equities analysts expect that Amazon.com, Inc. will post 19.37 earnings per share for the current year.

Several research firms have weighed in on AMZN. Nomura reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, July 27th. Canaccord Genuity lifted their target price on Amazon.com from $2,000.00 to $2,100.00 and gave the company a “buy” rating in a research note on Friday, July 27th. Morgan Stanley reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday. BidaskClub raised Amazon.com from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Macquarie reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, July 27th. Four research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $2,091.53.

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Amazon.com Company Profile

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) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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