Hudson Portfolio Management LLC Sells 8 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Hudson Portfolio Management LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 8.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91 shares of the e-commerce giant’s stock after selling 8 shares during the quarter. Hudson Portfolio Management LLC’s holdings in Amazon.com were worth $313,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. MRJ Capital Inc. acquired a new stake in Amazon.com during the 1st quarter valued at approximately $49,000. Cowa LLC increased its position in Amazon.com by 100.0% during the 1st quarter. Cowa LLC now owns 20 shares of the e-commerce giant’s stock valued at $68,000 after purchasing an additional 10 shares during the period. Laurel Wealth Planning LLC increased its position in Amazon.com by 57.1% during the 2nd quarter. Laurel Wealth Planning LLC now owns 22 shares of the e-commerce giant’s stock valued at $76,000 after purchasing an additional 8 shares during the period. Newfound Research LLC increased its position in Amazon.com by 62.5% during the 2nd quarter. Newfound Research LLC now owns 26 shares of the e-commerce giant’s stock valued at $89,000 after purchasing an additional 10 shares during the period. Finally, Horan Securities Inc. increased its position in Amazon.com by 125.0% during the 2nd quarter. Horan Securities Inc. now owns 27 shares of the e-commerce giant’s stock valued at $92,000 after purchasing an additional 15 shares during the period. Institutional investors and hedge funds own 57.67% of the company’s stock.

NASDAQ AMZN opened at $3,450.00 on Wednesday. The stock has a market capitalization of $1.75 trillion, a price-to-earnings ratio of 60.14, a PEG ratio of 2.41 and a beta of 1.14. Amazon.com, Inc. has a one year low of $2,871.00 and a one year high of $3,773.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.20 and a quick ratio of 0.99. The business’s fifty day moving average is $3,459.88 and its 200-day moving average is $3,334.44.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Wednesday, July 28th. The e-commerce giant reported $15.12 EPS for the quarter, topping the Zacks’ consensus estimate of $12.22 by $2.90. The company had revenue of $113.08 billion for the quarter, compared to analysts’ expectations of $115.08 billion. Amazon.com had a return on equity of 29.86% and a net margin of 6.64%. Research analysts expect that Amazon.com, Inc. will post 52.18 EPS for the current fiscal year.

A number of analysts have weighed in on the stock. Credit Suisse Group increased their target price on shares of Amazon.com from $4,000.00 to $4,850.00 and gave the company an “outperform” rating in a research report on Monday, July 26th. Jefferies Financial Group initiated coverage on shares of Amazon.com in a research report on Friday, July 30th. They set a “buy” rating and a $4,200.00 target price for the company. Evercore ISI raised their price objective on shares of Amazon.com from $4,200.00 to $4,700.00 and gave the stock an “outperform” rating in a research report on Tuesday. Raymond James reduced their price objective on shares of Amazon.com from $4,125.00 to $3,900.00 and set an “outperform” rating for the company in a research report on Friday, July 30th. Finally, Argus reaffirmed a “buy” rating and set a $4,000.00 price objective on shares of Amazon.com in a research report on Friday, July 9th. One research analyst has rated the stock with a hold rating and forty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average target price of $4,151.30.

In related news, Director Jonathan Rubinstein sold 286 shares of Amazon.com stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $3,500.00, for a total value of $1,001,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 492 shares of Amazon.com stock in a transaction dated Monday, August 23rd. The stock was sold at an average price of $3,211.90, for a total value of $1,580,254.80. Following the completion of the sale, the chief executive officer now directly owns 87,327 shares of the company’s stock, valued at approximately $280,485,591.30. The disclosure for this sale can be found here. Insiders have sold a total of 4,463 shares of company stock worth $14,784,642 over the last quarter. Company insiders own 14.00% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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