YHB Investment Advisors Inc. Sells 1,065 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

YHB Investment Advisors Inc. decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 12.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,600 shares of the e-commerce giant’s stock after selling 1,065 shares during the period. Amazon.com makes up 2.3% of YHB Investment Advisors Inc.’s portfolio, making the stock its 9th largest holding. YHB Investment Advisors Inc.’s holdings in Amazon.com were worth $14,392,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Marathon Asset Management LLP lifted its position in Amazon.com by 1.7% in the second quarter. Marathon Asset Management LLP now owns 48,282 shares of the e-commerce giant’s stock worth $91,371,000 after purchasing an additional 798 shares during the period. SevenBridge Financial Group LLC lifted its position in Amazon.com by 15.8% in the second quarter. SevenBridge Financial Group LLC now owns 2,174 shares of the e-commerce giant’s stock worth $4,117,000 after purchasing an additional 296 shares during the period. Fagan Associates Inc. lifted its position in Amazon.com by 2.3% in the second quarter. Fagan Associates Inc. now owns 665 shares of the e-commerce giant’s stock worth $1,259,000 after purchasing an additional 15 shares during the period. E&G Advisors LP lifted its position in Amazon.com by 10.1% in the second quarter. E&G Advisors LP now owns 1,111 shares of the e-commerce giant’s stock worth $2,104,000 after purchasing an additional 102 shares during the period. Finally, West Oak Capital LLC lifted its position in Amazon.com by 0.3% in the second quarter. West Oak Capital LLC now owns 1,455 shares of the e-commerce giant’s stock worth $2,755,000 after purchasing an additional 5 shares during the period. Institutional investors and hedge funds own 57.32% of the company’s stock.

Shares of Amazon.com stock traded down $32.08 during trading on Friday, reaching $1,823.24. The company’s stock had a trading volume of 4,947,242 shares, compared to its average volume of 3,517,941. The stock has a 50-day moving average of $1,936.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.10 and a quick ratio of 0.84. Amazon.com, Inc. has a one year low of $1,307.00 and a one year high of $2,050.50. The firm has a market capitalization of $917.75 billion, a PE ratio of 90.53, a P/E/G ratio of 2.35 and a beta of 1.55.

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

AMZN has been the subject of several research reports. Pivotal Research reaffirmed a “buy” rating and issued a $2,615.00 target price (down from $2,750.00) on shares of Amazon.com in a research report on Friday, July 26th. Loop Capital set a $2,380.00 target price on Amazon.com and gave the stock a “buy” rating in a research report on Monday, July 15th. Oppenheimer set a $2,100.00 target price on Amazon.com and gave the stock a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, July 29th. Finally, MKM Partners reissued a “buy” rating and set a $2,350.00 price objective (up from $2,240.00) on shares of Amazon.com in a report on Friday. Three research analysts have rated the stock with a hold rating and forty-two have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $2,251.95.

In related news, insider David Zapolsky sold 763 shares of Amazon.com stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total value of $1,526,000.00. Following the completion of the sale, the insider now directly owns 2,698 shares in the company, valued at $5,396,000. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 379 shares of Amazon.com stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $1,838.32, for a total value of $696,723.28. Following the completion of the sale, the vice president now owns 6,307 shares of the company’s stock, valued at $11,594,284.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,493 shares of company stock valued at $31,862,157. Corporate insiders own 16.10% of the company’s stock.

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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