Hedeker Wealth LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 23.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,965 shares of the e-commerce giant’s stock after selling 597 shares during the period. Amazon.com comprises 1.7% of Hedeker Wealth LLC’s investment portfolio, making the stock its 18th biggest holding. Hedeker Wealth LLC’s holdings in Amazon.com were worth $1,742,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Summit Trail Advisors LLC grew its position in Amazon.com by 180,406.1% in the 1st quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock worth $9,848,000 after purchasing an additional 9,842,959 shares in the last quarter. Cornerstone Wealth Management LLC grew its position in Amazon.com by 198,956.6% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock worth $1,949,000 after purchasing an additional 3,338,491 shares in the last quarter. Fisher Asset Management LLC grew its position in Amazon.com by 3.3% in the 1st quarter. Fisher Asset Management LLC now owns 1,853,073 shares of the e-commerce giant’s stock worth $2,682,027,000 after purchasing an additional 59,516 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Amazon.com by 0.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,449,920 shares of the e-commerce giant’s stock worth $2,098,527,000 after purchasing an additional 4,491 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Amazon.com by 4.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,431,303 shares of the e-commerce giant’s stock worth $2,071,583,000 after purchasing an additional 58,070 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 stock in a transaction that occurred on 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 sale, the director now directly owns 10,752 shares in the company, valued at approximately $19,179,525.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Zapolsky sold 1,927 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $1,899.96, for a total transaction of $3,661,222.92. Following the completion of the sale, the senior vice president now owns 3,161 shares in the company, valued at $6,005,773.56. 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. 16.30% of the stock is owned by insiders.

AMZN opened at $1,788.61 on Friday. The company has a market capitalization of $976.95 billion, a P/E ratio of 393.10, a price-to-earnings-growth ratio of 4.17 and a beta of 1.58. Amazon.com, Inc. has a 12 month low of $962.50 and a 12 month high of $2,050.50. 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 released its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $2.58. The company had revenue of $52.89 billion during the quarter, compared to the consensus estimate of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. Amazon.com’s revenue for the quarter was up 39.3% on a year-over-year basis. During the same period last year, the firm earned $0.40 EPS. On average, equities analysts expect that Amazon.com, Inc. will post 17.78 earnings per share for the current year.

A number of equities research analysts have issued reports on AMZN shares. BidaskClub raised shares of Amazon.com from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 16th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Amazon.com in a research report on Thursday, June 21st. JMP Securities reaffirmed a “buy” rating on shares of Amazon.com in a research report on Thursday, June 21st. Macquarie reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, June 22nd. Finally, Zacks Investment Research downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Four analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $2,005.64.

Amazon.com Company 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.

Read More: Price to Earnings Ratio (PE)

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

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