Truehand Inc lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,365 shares of the e-commerce giant’s stock after selling 71 shares during the quarter. Amazon.com comprises 9.2% of Truehand Inc’s portfolio, making the stock its largest holding. Truehand Inc’s holdings in Amazon.com were worth $12,053,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of AMZN. Signet Investment Advisory Group Inc. bought a new stake in shares of Amazon.com during the 4th quarter valued at about $33,000. Financial Advantage Inc. bought a new stake in shares of Amazon.com during the 4th quarter valued at about $45,000. Litman Gregory Asset Management LLC bought a new stake in shares of Amazon.com during the 2nd quarter valued at about $53,000. Mascoma Wealth Management LLC boosted its position in shares of Amazon.com by 15.6% during the 4th quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock valued at $78,000 after acquiring an additional 7 shares during the last quarter. Finally, Contravisory Investment Management Inc. boosted its position in shares of Amazon.com by 20.6% during the 2nd quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock valued at $78,000 after acquiring an additional 7 shares during the last quarter. 57.26% of the stock is owned by institutional investors and hedge funds.
Shares of Amazon.com stock opened at $1,795.21 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.10 and a quick ratio of 0.84. The business’s 50 day simple moving average is $1,896.37 and its two-hundred day simple moving average is $1,818.73. The stock has a market capitalization of $891.06 billion, a P/E ratio of 89.14, a price-to-earnings-growth ratio of 2.28 and a beta of 1.55. Amazon.com, Inc. has a one year low of $1,307.00 and a one year high of $2,050.50.
In other news, CFO Brian T. Olsavsky sold 1,765 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,783.00, for a total transaction of $3,146,995.00. Following the transaction, the chief financial officer now directly owns 2,480 shares of the company’s stock, valued at $4,421,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 7,308 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total value of $14,616,000.00. Following the transaction, the chief executive officer now directly owns 92,614 shares in the company, valued at $185,228,000. The disclosure for this sale can be found here. Insiders have sold 15,570 shares of company stock worth $29,499,221 over the last three months. Insiders own 16.10% of the company’s stock.
A number of research firms recently weighed in on AMZN. JMP Securities boosted their target price on Amazon.com from $2,050.00 to $2,275.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Zacks Investment Research downgraded Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. Mizuho restated a “buy” rating and issued a $2,200.00 target price (up previously from $2,080.00) on shares of Amazon.com in a research report on Friday, July 26th. Benchmark restated a “buy” rating and issued a $2,300.00 target price on shares of Amazon.com in a research report on Friday, July 26th. Finally, Robert W. Baird set a $2,150.00 target price on Amazon.com and gave the stock an “outperform” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have given a buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and an average target price of $2,251.95.
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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