S.A. Mason LLC Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

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S.A. Mason LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85 shares of the e-commerce giant’s stock after selling 5 shares during the period. S.A. Mason LLC’s holdings in Amazon.com were worth $234,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Woodstock Corp lifted its holdings in Amazon.com by 2.2% during the 2nd quarter. Woodstock Corp now owns 182 shares of the e-commerce giant’s stock worth $502,000 after purchasing an additional 4 shares in the last quarter. RVW Wealth LLC lifted its holdings in Amazon.com by 0.9% during the 2nd quarter. RVW Wealth LLC now owns 465 shares of the e-commerce giant’s stock worth $1,283,000 after purchasing an additional 4 shares in the last quarter. Indiana Trust & Investment Management CO lifted its holdings in Amazon.com by 1.0% during the 2nd quarter. Indiana Trust & Investment Management CO now owns 390 shares of the e-commerce giant’s stock worth $1,076,000 after purchasing an additional 4 shares in the last quarter. Peterson Wealth Advisors LLC lifted its holdings in Amazon.com by 1.7% during the 2nd quarter. Peterson Wealth Advisors LLC now owns 243 shares of the e-commerce giant’s stock worth $670,000 after purchasing an additional 4 shares in the last quarter. Finally, Wambolt & Associates LLC lifted its holdings in Amazon.com by 1.9% during the 2nd quarter. Wambolt & Associates LLC now owns 214 shares of the e-commerce giant’s stock worth $590,000 after purchasing an additional 4 shares in the last quarter. 64.54% of the stock is currently owned by hedge funds and other institutional investors.

AMZN has been the topic of a number of recent research reports. Rowe increased their price objective on Amazon.com from $2,500.00 to $3,000.00 and gave the stock a “positive” rating in a report on Friday, May 1st. JPMorgan Chase & Co. increased their price objective on Amazon.com from $3,000.00 to $4,050.00 and gave the stock an “overweight” rating in a report on Friday. Bank of America upped their target price on Amazon.com from $3,000.00 to $3,280.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Tigress Financial restated a “buy” rating on shares of Amazon.com in a research note on Wednesday, April 8th. Finally, JMP Securities upped their target price on Amazon.com from $2,850.00 to $4,075.00 and gave the stock an “outperform” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $3,240.51.

NASDAQ AMZN opened at $3,164.68 on Friday. Amazon.com, Inc. has a fifty-two week low of $1,626.03 and a fifty-two week high of $3,344.29. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.08. The stock has a 50 day simple moving average of $2,884.55 and a two-hundred day simple moving average of $2,314.52. The stock has a market cap of $1,578.47 billion, a P/E ratio of 121.67, a price-to-earnings-growth ratio of 5.83 and a beta of 1.32.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share for the quarter, topping the consensus estimate of $1.74 by $8.56. Amazon.com had a return on equity of 21.51% and a net margin of 4.10%. The business had revenue of $88.91 billion during the quarter, compared to analysts’ expectations of $81.56 billion. Sell-side analysts predict that Amazon.com, Inc. will post 20.12 earnings per share for the current year.

In other news, Director Indra K. Nooyi bought 27 shares of the stock in a transaction dated Wednesday, July 1st. The stock was bought at an average price of $2,806.80 per share, for a total transaction of $75,783.60. Following the purchase, the director now directly owns 707 shares in the company, valued at approximately $1,984,407.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 6,945 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $2,256.50, for a total value of $15,671,392.50. Following the completion of the transaction, the chief executive officer now owns 93,105 shares of the company’s stock, valued at approximately $210,091,432.50. The disclosure for this sale can be found here. Company insiders own 16.10% of the company’s stock.

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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