Amazon.com, Inc. (AMZN) Holdings Reduced by Hallmark Capital Management Inc.

Hallmark Capital Management Inc. reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 14.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 753 shares of the e-commerce giant’s stock after selling 123 shares during the period. Hallmark Capital Management Inc.’s holdings in Amazon.com were worth $1,279,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BKD Wealth Advisors LLC increased its position in shares of Amazon.com by 3.1% during the second quarter. BKD Wealth Advisors LLC now owns 943 shares of the e-commerce giant’s stock valued at $1,603,000 after purchasing an additional 28 shares during the period. SignalPoint Asset Management LLC increased its position in shares of Amazon.com by 2.0% during the second quarter. SignalPoint Asset Management LLC now owns 1,453 shares of the e-commerce giant’s stock valued at $2,470,000 after purchasing an additional 29 shares during the period. Granite Springs Asset Management LLC increased its position in shares of Amazon.com by 6.1% during the second quarter. Granite Springs Asset Management LLC now owns 518 shares of the e-commerce giant’s stock valued at $880,000 after purchasing an additional 30 shares during the period. Cornerstone Advisors Inc. increased its position in shares of Amazon.com by 3.9% during the second quarter. Cornerstone Advisors Inc. now owns 802 shares of the e-commerce giant’s stock valued at $1,363,000 after purchasing an additional 30 shares during the period. Finally, Private Trust Co. NA increased its position in shares of Amazon.com by 0.7% during the second quarter. Private Trust Co. NA now owns 4,504 shares of the e-commerce giant’s stock valued at $7,655,000 after purchasing an additional 31 shares during the period. 56.59% of the stock is currently owned by institutional investors.

Amazon.com stock opened at $1,712.43 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $858.38 billion, a price-to-earnings ratio of 108.03, a price-to-earnings-growth ratio of 3.36 and a beta of 1.70. Amazon.com, Inc. has a 52 week low of $1,121.63 and a 52 week high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, topping analysts’ consensus estimates of $3.29 by $2.46. The company had revenue of $56.58 billion for the quarter, compared to analyst estimates of $57.05 billion. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. Research analysts anticipate that Amazon.com, Inc. will post 19.37 earnings per share for the current year.

In other news, CEO Andrew R. Jassy sold 1,726 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $1,900.00, for a total transaction of $3,279,400.00. Following the transaction, the chief executive officer now owns 88,801 shares of the company’s stock, valued at $168,721,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey M. Blackburn sold 2,054 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $1,899.75, for a total value of $3,902,086.50. Following the transaction, the insider now directly owns 46,595 shares in the company, valued at approximately $88,518,851.25. The disclosure for this sale can be found here. Insiders have sold 36,327 shares of company stock worth $64,744,896 in the last ninety days. 16.30% of the stock is currently owned by insiders.

A number of analysts have weighed in on AMZN shares. BidaskClub upgraded Amazon.com from a “sell” rating to a “hold” rating in a research report on Saturday. JMP Securities reiterated a “market outperform” rating and issued a $2,075.00 price target (up from $1,840.00) on shares of Amazon.com in a research report on Friday, July 27th. Zacks Investment Research upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $1,993.00 price target on the stock in a research report on Tuesday, July 31st. Benchmark reiterated a “buy” rating and issued a $2,100.00 price target on shares of Amazon.com in a research report on Friday, October 26th. Finally, Macquarie reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, October 26th. Four investment analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $2,091.53.

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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 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.

Further Reading: Understanding Market Liquidity

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

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