Holderness Investments Co. Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Holderness Investments Co. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 45.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,018 shares of the e-commerce giant’s stock after selling 2,530 shares during the period. Amazon.com makes up 2.4% of Holderness Investments Co.’s investment portfolio, making the stock its 6th largest holding. Holderness Investments Co.’s holdings in Amazon.com were worth $5,239,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Enterprise Trust & Investment Co bought a new position in shares of Amazon.com in the 2nd quarter worth $27,000. Phocas Financial Corp. bought a new position in shares of Amazon.com in the 2nd quarter worth $45,000. Litman Gregory Asset Management LLC bought a new position in shares of Amazon.com in the 2nd quarter worth $53,000. Financial Advantage Inc. lifted its holdings in shares of Amazon.com by 26.7% in the 3rd quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock worth $65,000 after purchasing an additional 8 shares in the last quarter. Finally, Cerebellum GP LLC lifted its holdings in shares of Amazon.com by 18.0% in the 3rd quarter. Cerebellum GP LLC now owns 59 shares of the e-commerce giant’s stock worth $69,000 after purchasing an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 55.60% of the company’s stock.

In other news, Director Judith A. Mcgrath sold 304 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $1,749.91, for a total transaction of $531,972.64. Following the completion of the transaction, the director now owns 2,324 shares in the company, valued at approximately $4,066,790.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Indra K. Nooyi bought 100 shares of the business’s stock in a transaction on Friday, October 4th. The stock was bought at an average price of $1,726.06 per share, with a total value of $172,606.00. Following the purchase, the director now owns 250 shares in the company, valued at $431,515. The disclosure for this purchase can be found here. Insiders have sold a total of 22,747 shares of company stock valued at $40,737,808 in the last quarter. 16.10% of the stock is owned by corporate insiders.

Shares of AMZN stock traded down $7.44 on Friday, hitting $1,780.76. 134,155 shares of the stock were exchanged, compared to its average volume of 3,108,799. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $893.28 billion, a PE ratio of 88.48, a P/E/G ratio of 3.20 and a beta of 1.56. Amazon.com, Inc. has a one year low of $1,307.00 and a one year high of $2,035.80. The firm’s 50 day moving average is $1,759.99 and its two-hundred day moving average is $1,840.43.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share for the quarter, missing the consensus estimate of $4.46 by ($0.23). The firm had revenue of $69.98 billion for the quarter, compared to the consensus estimate of $68.72 billion. Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.75 EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 20.52 earnings per share for the current year.

A number of equities research analysts recently commented on the company. ValuEngine raised Amazon.com from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird set a $2,080.00 price target on Amazon.com and gave the company a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $2,200.00 price target on shares of Amazon.com in a research report on Friday, October 25th. Wedbush lowered their price target on Amazon.com from $2,350.00 to $2,000.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, Monness Crespi & Hardt set a $2,300.00 price target on Amazon.com and gave the company a “buy” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $2,189.97.

About Amazon.com

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 third-party sellers through physical stores and online stores.

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

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