Eubel Brady & Suttman Asset Management Inc. Sells 94 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Eubel Brady & Suttman Asset Management Inc. cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 51.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 88 shares of the e-commerce giant’s stock after selling 94 shares during the period. Eubel Brady & Suttman Asset Management Inc.’s holdings in Amazon.com were worth $287,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Vanguard Group Inc. grew its position in Amazon.com by 1.6% in the first quarter. Vanguard Group Inc. now owns 33,965,498 shares of the e-commerce giant’s stock valued at $110,725,825,000 after acquiring an additional 543,744 shares during the period. State Street Corp grew its position in Amazon.com by 4.3% in the fourth quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock valued at $56,755,855,000 after acquiring an additional 698,970 shares during the period. Geode Capital Management LLC grew its position in Amazon.com by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 7,193,360 shares of the e-commerce giant’s stock valued at $23,917,115,000 after acquiring an additional 195,716 shares during the period. Capital Research Global Investors grew its position in Amazon.com by 14.1% in the fourth quarter. Capital Research Global Investors now owns 4,574,546 shares of the e-commerce giant’s stock valued at $15,253,179,000 after acquiring an additional 564,699 shares during the period. Finally, Norges Bank acquired a new position in Amazon.com in the fourth quarter worth $14,053,756,000. 57.15% of the stock is currently owned by institutional investors.

Amazon.com Stock Down 7.1 %

NASDAQ:AMZN opened at $126.82 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95. The company has a market cap of $1.29 trillion, a PE ratio of 113.69, a PEG ratio of 5.95 and a beta of 1.33. Amazon.com, Inc. has a 52-week low of $101.26 and a 52-week high of $188.11. The stock has a 50-day simple moving average of $128.87 and a 200 day simple moving average of $131.26.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The firm had revenue of $121.23 billion for the quarter, compared to the consensus estimate of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 earnings per share. On average, sell-side analysts expect that Amazon.com, Inc. will post 0.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Robert W. Baird reissued an “outperform” rating and issued a $150.00 price objective on shares of Amazon.com in a research note on Wednesday, September 7th. Itau BBA Securities assumed coverage on Amazon.com in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on Amazon.com from $174.00 to $155.00 in a research note on Thursday, July 21st. JPMorgan Chase & Co. reduced their price objective on Amazon.com from $200.00 to $175.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 29th. Finally, Wolfe Research boosted their price objective on Amazon.com from $140.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have assigned a buy rating to the stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $176.61.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,480 shares of the stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $134.23, for a total transaction of $467,120.40. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $16,078,069.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,480 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $134.23, for a total value of $467,120.40. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $16,078,069.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 7,448 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $134.25, for a total value of $999,894.00. Following the completion of the transaction, the chief executive officer now owns 498,572 shares of the company’s stock, valued at $66,933,291. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,108 shares of company stock worth $9,736,335. 12.70% of the stock is owned by corporate insiders.

Amazon.com Profile

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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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

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