Van Hulzen Asset Management LLC Decreases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Van Hulzen Asset Management LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 122,219 shares of the e-commerce giant’s stock after selling 26,014 shares during the period. Amazon.com comprises about 1.6% of Van Hulzen Asset Management LLC’s investment portfolio, making the stock its 14th biggest position. Van Hulzen Asset Management LLC’s holdings in Amazon.com were worth $23,619,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Comerica Bank lifted its holdings in Amazon.com by 2.0% in the 4th quarter. Comerica Bank now owns 2,122,350 shares of the e-commerce giant’s stock worth $322,470,000 after buying an additional 42,518 shares during the period. Chilton Investment Co. Inc. raised its holdings in shares of Amazon.com by 1.5% during the fourth quarter. Chilton Investment Co. Inc. now owns 16,764 shares of the e-commerce giant’s stock valued at $2,547,000 after acquiring an additional 253 shares in the last quarter. C M Bidwell & Associates Ltd. raised its holdings in shares of Amazon.com by 2.3% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 6,672 shares of the e-commerce giant’s stock valued at $1,014,000 after acquiring an additional 150 shares in the last quarter. Brevan Howard Capital Management LP purchased a new stake in Amazon.com in the fourth quarter worth $2,954,000. Finally, Bragg Financial Advisors Inc boosted its holdings in Amazon.com by 1.9% in the fourth quarter. Bragg Financial Advisors Inc now owns 142,882 shares of the e-commerce giant’s stock valued at $21,709,000 after acquiring an additional 2,717 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of several research reports. JMP Securities restated a “market outperform” rating and issued a $265.00 price objective on shares of Amazon.com in a report on Friday, October 4th. Robert W. Baird raised their price objective on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. Bank of America cut their price objective on Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Wells Fargo & Company lowered Amazon.com from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $225.00 to $183.00 in a research report on Monday. Finally, The Goldman Sachs Group dropped their price target on Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $222.67.

Amazon.com Stock Up 0.8 %

Shares of AMZN stock opened at $186.65 on Friday. The company has a 50 day simple moving average of $179.11 and a two-hundred day simple moving average of $183.05. The stock has a market cap of $1.94 trillion, a P/E ratio of 52.28, a P/E/G ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

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

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,355 shares of company stock valued at $9,877,423 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

About Amazon.com

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.