Redmond Asset Management LLC Trims Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Redmond Asset Management LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,554 shares of the e-commerce giant’s stock after selling 17 shares during the period. Amazon.com comprises approximately 1.3% of Redmond Asset Management LLC’s holdings, making the stock its 19th largest holding. Redmond Asset Management LLC’s holdings in Amazon.com were worth $2,943,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AMZN. Signet Investment Advisory Group Inc. purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $33,000. Financial Advantage Inc. purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $45,000. Litman Gregory Asset Management LLC purchased a new position in shares of Amazon.com during the 2nd quarter worth approximately $53,000. Mascoma Wealth Management LLC grew its holdings 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 worth $78,000 after acquiring an additional 7 shares during the period. Finally, Contravisory Investment Management Inc. grew its holdings 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 worth $78,000 after acquiring an additional 7 shares during the period. Institutional investors own 57.26% of the company’s stock.

A number of research analysts have weighed in on AMZN shares. Mizuho reiterated a “buy” rating and set a $2,200.00 target price (up previously from $2,080.00) on shares of Amazon.com in a report on Friday, July 26th. JMP Securities boosted their price target 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. Monness Crespi & Hardt set a $2,300.00 price target on Amazon.com and gave the stock a “buy” rating in a research report on Friday, July 19th. UBS Group reissued a “buy” rating on shares of Amazon.com in a research report on Friday, July 26th. Finally, Oppenheimer set a $2,100.00 price target on Amazon.com and gave the stock a “buy” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have given a buy rating to the company. Amazon.com has an average rating of “Buy” and an average target price of $2,251.95.

AMZN stock opened at $1,823.54 on Thursday. The stock has a market capitalization of $898.35 billion, a PE ratio of 90.54, a price-to-earnings-growth ratio of 2.30 and a beta of 1.55. Amazon.com, Inc. has a 12-month low of $1,307.00 and a 12-month 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. The stock’s 50 day simple moving average is $1,898.84 and its 200 day simple moving average is $1,817.79.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.29 by ($0.07). The business 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 was up 19.9% compared to the same quarter last year. During the same period last year, the company posted $5.07 earnings per share. On average, research analysts predict that Amazon.com, Inc. will post 24.52 earnings per share for the current year.

In other news, CEO Andrew R. Jassy sold 7,308 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the transaction, the chief executive officer now directly owns 92,614 shares of the company’s stock, valued at approximately $185,228,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 379 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,775.43, for a total value of $672,887.97. Following the transaction, the vice president now directly owns 6,307 shares in the company, valued at $11,197,637.01. The disclosure for this sale can be found here. Insiders sold a total of 14,570 shares of company stock worth $27,690,021 over the last ninety days. 16.10% of the stock is currently owned by insiders.

Amazon.com Company 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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