Holderness Investments Co. Takes Position in Amazon.com, Inc. (AMZN)

Holderness Investments Co. acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 5,133 shares of the e-commerce giant’s stock, valued at approximately $4,551,000. Amazon.com comprises approximately 2.3% of Holderness Investments Co.’s investment portfolio, making the stock its 2nd largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in AMZN. Fisher Asset Management LLC increased its position in shares of Amazon.com by 1.1% in the first quarter. Fisher Asset Management LLC now owns 2,024,756 shares of the e-commerce giant’s stock worth $1,795,028,000 after acquiring an additional 22,032 shares in the last quarter. American Century Companies Inc. increased its position in shares of Amazon.com by 0.5% in the first quarter. American Century Companies Inc. now owns 1,647,564 shares of the e-commerce giant’s stock worth $1,460,631,000 after acquiring an additional 8,704 shares in the last quarter. APG Asset Management N.V. increased its position in shares of Amazon.com by 3.7% in the first quarter. APG Asset Management N.V. now owns 810,292 shares of the e-commerce giant’s stock worth $718,356,000 after acquiring an additional 28,703 shares in the last quarter. Pioneer Investment Management Inc. increased its position in shares of Amazon.com by 6.8% in the first quarter. Pioneer Investment Management Inc. now owns 763,353 shares of the e-commerce giant’s stock worth $676,743,000 after acquiring an additional 48,882 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Amazon.com by 1.1% in the first quarter. Rhumbline Advisers now owns 635,236 shares of the e-commerce giant’s stock worth $563,162,000 after acquiring an additional 7,068 shares in the last quarter. 60.80% of the stock is currently owned by institutional investors.

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In other news, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total value of $536,666.88. Following the sale, the vice president now directly owns 6,533 shares in the company, valued at approximately $6,444,935.16. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total value of $2,674,560.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at $9,552,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,793 shares of company stock worth $9,574,377. Corporate insiders own 17.70% of the company’s stock.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) opened at 986.79 on Friday. The firm has a market cap of $474.03 billion, a P/E ratio of 250.96 and a beta of 1.47. The stock’s 50 day moving average price is $975.62 and its 200-day moving average price is $949.38. Amazon.com, Inc. has a 12-month low of $710.10 and a 12-month high of $1,083.31.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($1.00). The company had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. Amazon.com’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.78 earnings per share. On average, analysts predict that Amazon.com, Inc. will post $3.89 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on AMZN shares. J P Morgan Chase & Co reissued a “buy” rating on shares of Amazon.com in a research report on Friday, July 28th. Vetr raised shares of Amazon.com from a “buy” rating to a “strong-buy” rating and set a $1,095.08 target price on the stock in a research report on Monday, July 3rd. Citigroup Inc. reissued a “buy” rating and issued a $1,200.00 target price (down from $1,220.00) on shares of Amazon.com in a research report on Sunday, July 30th. BidaskClub downgraded shares of Amazon.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $1,150.00 price objective on shares of Amazon.com in a research report on Monday, June 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-six have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $1,096.67.

About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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

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