SlateStone Wealth LLC Lowers Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

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SlateStone Wealth LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,336 shares of the e-commerce giant’s stock after selling 20 shares during the quarter. Amazon.com comprises approximately 1.8% of SlateStone Wealth LLC’s holdings, making the stock its 13th largest holding. SlateStone Wealth LLC’s holdings in Amazon.com were worth $6,317,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signet Investment Advisory Group Inc. acquired a new stake in shares of Amazon.com in the 4th quarter valued at $33,000. Financial Advantage Inc. acquired a new stake in shares of Amazon.com in the 4th quarter valued at $45,000. Litman Gregory Asset Management LLC acquired a new stake in shares of Amazon.com in the 2nd quarter valued at $53,000. Mascoma Wealth Management LLC increased its stake in shares of Amazon.com by 15.6% in the 4th quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock valued at $78,000 after buying an additional 7 shares during the period. Finally, Contravisory Investment Management Inc. increased its stake in shares of Amazon.com by 20.6% in the 2nd quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock valued at $78,000 after buying an additional 7 shares during the period. Hedge funds and other institutional investors own 57.26% of the company’s stock.

AMZN has been the subject of several research reports. Credit Suisse Group reissued an “outperform” rating and issued a $2,250.00 target price (up from $2,200.00) on shares of Amazon.com in a research note on Wednesday, July 24th. Cowen set a $2,500.00 target price on Amazon.com and gave the company a “buy” rating in a research note on Monday, July 15th. Monness Crespi & Hardt set a $2,300.00 target price on Amazon.com and gave the company a “buy” rating in a research note on Friday, July 19th. Robert W. Baird set a $2,150.00 target price on Amazon.com and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $2,251.95.

In other news, CEO Jeffrey A. Wilke sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $1,809.20, for a total value of $1,809,200.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $18,092,000. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 7,308 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 92,614 shares in the company, valued at $185,228,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,570 shares of company stock worth $29,499,221. Corporate insiders own 16.10% of the company’s stock.

Shares of Amazon.com stock traded down $6.01 during trading on Wednesday, reaching $1,755.82. The stock had a trading volume of 676,321 shares, compared to its average volume of 3,862,236. The company has a market capitalization of $865.46 billion, a price-to-earnings ratio of 87.18, a P/E/G ratio of 2.22 and a beta of 1.55. The stock has a fifty day moving average price of $1,877.38 and a two-hundred day moving average price of $1,821.70. Amazon.com, Inc. has a 52 week low of $1,307.00 and a 52 week high of $2,050.50. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing analysts’ consensus estimates of $5.29 by ($0.07). The firm had revenue of $63.40 billion during the quarter, compared to the consensus estimate of $62.59 billion. Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the firm earned $5.07 earnings per share. On average, equities analysts forecast that Amazon.com, Inc. will post 24.19 EPS for the current fiscal year.

Amazon.com 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 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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