Hudson Edge Investment Partners Inc. Lowers Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Hudson Edge Investment Partners Inc. reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 27.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,013 shares of the e-commerce giant’s stock after selling 1,163 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Amazon.com were worth $582,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at $30,000. PayPay Securities Corp grew its stake in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Clarity Asset Management Inc. purchased a new stake in Amazon.com during the 4th quarter worth about $46,000. Christopher J. Hasenberg Inc raised its position in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares in the last quarter. Finally, Steph & Co. purchased a new position in shares of Amazon.com in the 1st quarter valued at about $65,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Shelley Reynolds sold 3,791 shares of the 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 completion of the transaction, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 54,355 shares of company stock valued at $9,877,423. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.1 %

Shares of Amazon.com stock opened at $182.72 on Wednesday. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The company has a market cap of $1.90 trillion, a P/E ratio of 51.18, a PEG ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a fifty day moving average of $179.13 and a two-hundred day moving average of $183.01.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $148.63 billion. On average, analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on AMZN. Maxim Group upped their target price on shares of Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Roth Mkm increased their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Sanford C. Bernstein lifted 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. Wedbush reiterated an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Finally, Piper Sandler cut their price target on Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $222.67.

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.