Hudson Capital Management LLC Acquires New Shares in Amazon.com, Inc. (NASDAQ:AMZN)

Hudson Capital Management LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 1,067 shares of the e-commerce giant’s stock, valued at approximately $203,000.

Several other hedge funds also recently modified their holdings of AMZN. Vanguard Group Inc. lifted its holdings in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after buying an additional 17,635,391 shares during the period. FMR LLC lifted its holdings in Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock worth $72,061,766,000 after buying an additional 1,725,664 shares during the period. Geode Capital Management LLC lifted its holdings in Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after buying an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock worth $40,107,544,000 after buying an additional 4,087,933 shares during the period. Finally, Norges Bank acquired a new position in Amazon.com during the 4th quarter worth about $27,266,582,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, CEO Matthew S. Garman sold 20,923 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock worth $20,531,075 in the last 90 days. Insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $212.52 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a 50 day moving average price of $197.28 and a two-hundred day moving average price of $209.32. The firm has a market capitalization of $2.26 trillion, a P/E ratio of 34.61, a P/E/G ratio of 1.63 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on AMZN shares. Wedbush reaffirmed an “outperform” rating and set a $235.00 target price (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Citigroup reissued a “buy” rating on shares of Amazon.com in a research note on Monday, June 2nd. Jefferies Financial Group dropped their price objective on Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. BNP Paribas raised Amazon.com to a “hold” rating in a research note on Wednesday, April 30th. Finally, The Goldman Sachs Group dropped their price objective on Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.89.

Amazon.com Profile

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.