Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lessened by Greystone Managed Investments Inc.

Greystone Managed Investments Inc. decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,181 shares of the e-commerce giant’s stock after selling 203 shares during the quarter. Greystone Managed Investments Inc.’s holdings in Amazon.com were worth $13,598,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Independence Bank of Kentucky lifted its holdings in shares of Amazon.com by 4.5% in the second quarter. Independence Bank of Kentucky now owns 1,467 shares of the e-commerce giant’s stock valued at $2,778,000 after buying an additional 63 shares during the period. Atlantic Union Bankshares Corp lifted its holdings in shares of Amazon.com by 74.8% in the second quarter. Atlantic Union Bankshares Corp now owns 3,447 shares of the e-commerce giant’s stock valued at $6,527,000 after buying an additional 1,475 shares during the period. Huntington National Bank lifted its holdings in shares of Amazon.com by 3.8% in the second quarter. Huntington National Bank now owns 49,636 shares of the e-commerce giant’s stock valued at $93,992,000 after buying an additional 1,828 shares during the period. WestEnd Advisors LLC acquired a new stake in shares of Amazon.com in the second quarter valued at $33,334,000. Finally, Granite Investment Advisors LLC lifted its holdings in shares of Amazon.com by 0.9% in the second quarter. Granite Investment Advisors LLC now owns 2,174 shares of the e-commerce giant’s stock valued at $4,117,000 after buying an additional 20 shares during the period. 57.32% of the stock is owned by institutional investors.

Shares of Amazon.com stock opened at $1,855.32 on Friday. The business has a 50-day simple moving average of $1,937.24. The stock has a market cap of $939.12 billion, a P/E ratio of 92.12, a P/E/G ratio of 2.42 and a beta of 1.57. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10. Amazon.com, Inc. has a 1 year low of $1,307.00 and a 1 year high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.29 by ($0.07). The business had revenue of $63.40 billion during the quarter, compared to analysts’ expectations of $62.59 billion. Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The firm’s revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the company posted $5.07 earnings per share. Research analysts forecast that Amazon.com, Inc. will post 24.52 earnings per share for the current year.

In other Amazon.com news, CFO Brian T. Olsavsky sold 1,763 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $1,828.48, for a total value of $3,223,610.24. Following the transaction, the chief financial officer now directly owns 2,479 shares of the company’s stock, valued at approximately $4,532,801.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 1,900 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $1,848.11, for a total value of $3,511,409.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $18,481,100. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,493 shares of company stock worth $31,862,157. Insiders own 16.10% of the company’s stock.

Several brokerages have recently weighed in on AMZN. MKM Partners restated a “buy” rating on shares of Amazon.com in a report on Friday. Raymond James set a $2,080.00 price objective on Amazon.com and gave the company an “outperform” rating in a report on Friday, July 26th. UBS Group restated a “buy” rating on shares of Amazon.com in a report on Friday, July 26th. Bank of America restated a “buy” rating and issued a $2,350.00 price objective (up previously from $2,300.00) on shares of Amazon.com in a report on Friday, July 26th. Finally, Robert W. Baird set a $2,150.00 price objective on Amazon.com and gave the company an “outperform” rating in a report on Friday, July 26th. Three analysts have rated the stock with a hold rating and forty-two have assigned a buy rating to the company. Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $2,248.39.

About Amazon.com

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 third-party sellers through physical stores and online stores.

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

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