Amazon.com, Inc. (NASDAQ:AMZN) is Truehand Inc’s Largest Position

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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.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing the Zacks’ consensus estimate of $5.29 by ($0.07). The company had revenue of $63.40 billion during the quarter, compared to analysts’ expectations of $62.59 billion. Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. Amazon.com’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period last year, the firm earned $5.07 earnings per share. Sell-side analysts expect that Amazon.com, Inc. will post 24.52 earnings per share for the current fiscal year.

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.

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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