Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Hoylecohen LLC

Hoylecohen LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 168,351 shares of the e-commerce giant’s stock after selling 685 shares during the quarter. Amazon.com comprises about 2.0% of Hoylecohen LLC’s holdings, making the stock its 7th largest position. Hoylecohen LLC’s holdings in Amazon.com were worth $21,401,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Leonard Rickey Investment Advisors P.L.L.C. increased its stake in shares of Amazon.com by 2.5% in the second quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 11,645 shares of the e-commerce giant’s stock worth $1,518,000 after buying an additional 288 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new stake in Amazon.com during the second quarter valued at $123,733,000. King Wealth grew its position in shares of Amazon.com by 4.6% during the second quarter. King Wealth now owns 29,352 shares of the e-commerce giant’s stock worth $3,826,000 after acquiring an additional 1,296 shares during the last quarter. Meitav Investment House Ltd. grew its position in shares of Amazon.com by 3.3% during the second quarter. Meitav Investment House Ltd. now owns 636,652 shares of the e-commerce giant’s stock worth $81,543,000 after acquiring an additional 20,574 shares during the last quarter. Finally, Ascension Asset Management LLC bought a new position in shares of Amazon.com during the second quarter worth about $2,001,000. 57.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research analyst reports. Bank of America upped their price target on shares of Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Telsey Advisory Group increased their price objective on Amazon.com from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Raymond James upped their target price on Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. Piper Sandler increased their price objective on Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Barclays increased their price objective on Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $197.95.

View Our Latest Research Report on AMZN

Insider Activity

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 21,933 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $142.66, for a total transaction of $3,128,961.78. Following the completion of the transaction, the chief executive officer now owns 2,064,055 shares of the company’s stock, valued at approximately $294,458,086.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,829 shares of company stock valued at $8,885,713. Insiders own 12.70% of the company’s stock.

Amazon.com Trading Up 0.8 %

NASDAQ AMZN opened at $170.53 on Thursday. Amazon.com, Inc. has a 1-year low of $88.12 and a 1-year high of $172.50. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average of $153.39 and a 200-day moving average of $141.60. The firm has a market cap of $1.77 trillion, a PE ratio of 58.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the previous year, the company posted $0.21 EPS. Amazon.com’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 3.97 EPS for the current year.

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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

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