K.J. Harrison & Partners Inc Reduces Stake in Amazon.com, Inc. (AMZN)

K.J. Harrison & Partners Inc decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,770 shares of the e-commerce giant’s stock after selling 100 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Amazon.com were worth $3,009,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Lee Financial Co boosted its position in shares of Amazon.com by 154.3% during the 1st quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock valued at $129,000 after acquiring an additional 54 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Amazon.com during the 1st quarter valued at about $145,000. Legacy Advisors LLC boosted its position in shares of Amazon.com by 47.1% during the 2nd quarter. Legacy Advisors LLC now owns 103 shares of the e-commerce giant’s stock valued at $175,000 after acquiring an additional 33 shares in the last quarter. JJJ Advisors Inc. acquired a new stake in shares of Amazon.com during the 2nd quarter valued at about $175,000. Finally, NewSquare Capital LLC boosted its position in shares of Amazon.com by 1,122.2% during the 2nd quarter. NewSquare Capital LLC now owns 110 shares of the e-commerce giant’s stock valued at $200,000 after acquiring an additional 101 shares in the last quarter. Institutional investors own 57.36% of the company’s stock.

In other Amazon.com news, Director Thomas O. Ryder sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $1,783.81, for a total value of $8,919,050.00. Following the completion of the transaction, the director now directly owns 10,752 shares of the company’s stock, valued at $19,179,525.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey M. Blackburn sold 4,108 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $1,952.10, for a total transaction of $8,019,226.80. Following the completion of the transaction, the insider now directly owns 42,874 shares of the company’s stock, valued at $83,694,335.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,308 shares of company stock valued at $47,905,498. Insiders own 16.30% of the company’s stock.

Several analysts have recently weighed in on AMZN shares. Royal Bank of Canada reiterated a “$1,842.92” rating on shares of Amazon.com in a research report on Wednesday, July 18th. Barclays reiterated a “buy” rating on shares of Amazon.com in a research report on Monday, July 16th. Loop Capital lifted their target price on shares of Amazon.com from $1,800.00 to $1,900.00 and gave the company a “buy” rating in a research report on Wednesday, June 27th. BidaskClub lowered shares of Amazon.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. Finally, Macquarie reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, June 22nd. Three analysts have rated the stock with a hold rating and fifty have given a buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and an average target price of $2,008.73.

Shares of NASDAQ AMZN opened at $1,770.72 on Friday. Amazon.com, Inc. has a 1-year low of $962.50 and a 1-year high of $2,050.50. The stock has a market capitalization of $976.95 billion, a price-to-earnings ratio of 389.17, a P/E/G ratio of 4.17 and a beta of 1.58. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.70.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.49 by $2.58. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The company had revenue of $52.89 billion during the quarter, compared to the consensus estimate of $53.37 billion. During the same period in the previous year, the firm posted $0.40 earnings per share. The company’s revenue was up 39.3% on a year-over-year basis. On average, equities research analysts anticipate that Amazon.com, Inc. will post 17.78 earnings per share for the current year.

Amazon.com 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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

Featured Story: Asset Allocation, Balancing Your Investments

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply