Hemenway Trust Co LLC Trims Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Hemenway Trust Co LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 231,816 shares of the e-commerce giant’s stock after selling 799 shares during the quarter. Amazon.com accounts for about 3.8% of Hemenway Trust Co LLC’s investment portfolio, making the stock its 5th biggest holding. Hemenway Trust Co LLC’s holdings in Amazon.com were worth $44,798,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AMZN. PayPay Securities Corp lifted its holdings in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Cooksen Wealth LLC acquired a new stake in Amazon.com during the 4th quarter worth approximately $30,000. Christopher J. Hasenberg Inc raised its holdings in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the period. Clarity Asset Management Inc. bought a new position in Amazon.com in the fourth quarter valued at approximately $46,000. Finally, Steph & Co. acquired a new position in shares of Amazon.com in the first quarter valued at approximately $65,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 2.5 %

AMZN stock opened at $186.51 on Friday. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The company has a market capitalization of $1.94 trillion, a PE ratio of 52.24, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The company’s 50-day simple moving average is $179.17 and its 200 day simple moving average is $182.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. BMO Capital Markets reiterated an “outperform” rating and set a $230.00 target price on shares of Amazon.com in a report on Thursday, September 19th. JPMorgan Chase & Co. dropped their target price on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a research report on Monday, September 30th. Evercore ISI raised their price target on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Finally, Sanford C. Bernstein boosted their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $223.65.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,549,744 shares of company stock valued at $309,400,324 over the last 90 days. 10.80% of the stock is owned by corporate insiders.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.