Houlihan Financial Resource Group Ltd. Sells 551 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Houlihan Financial Resource Group Ltd. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,990 shares of the e-commerce giant’s stock after selling 551 shares during the quarter. Amazon.com accounts for 2.6% of Houlihan Financial Resource Group Ltd.’s holdings, making the stock its 11th biggest position. Houlihan Financial Resource Group Ltd.’s holdings in Amazon.com were worth $6,141,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Rench Wealth Management Inc. lifted its position in shares of Amazon.com by 7.9% in the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after purchasing an additional 3,703 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after buying an additional 39,696 shares during the last quarter. Blankinship & Foster LLC lifted its position in Amazon.com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after buying an additional 4,740 shares in the last quarter. One Wealth Capital Management LLC acquired a new position in shares of Amazon.com during the 4th quarter worth about $4,270,000. Finally, Floyd Financial Group LLC bought a new position in shares of Amazon.com in the 4th quarter valued at about $4,494,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wedbush reaffirmed an “outperform” rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, February 7th. JPMorgan Chase & Co. lowered their target price on shares of Amazon.com from $270.00 to $220.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Phillip Securities lowered shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Royal Bank of Canada boosted their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Cantor Fitzgerald cut their target price on shares of Amazon.com from $270.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $247.56.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,501 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the transaction, the chief executive officer now owns 505,318 shares in the company, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock valued at $23,341,803 in the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $188.99 on Friday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm has a market cap of $2.00 trillion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The firm’s fifty day moving average is $193.52 and its 200-day moving average is $207.75.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.