Hapanowicz & Associates Financial Services Inc Has $335,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Jul 30th, 2023

Hapanowicz & Associates Financial Services Inc grew its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 14.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,248 shares of the e-commerce giant’s stock after buying an additional 408 shares during the quarter. Amazon.com accounts for about 0.2% of Hapanowicz & Associates Financial Services Inc’s portfolio, making the stock its 21st largest holding. Hapanowicz & Associates Financial Services Inc’s holdings in Amazon.com were worth $335,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. SeaBridge Investment Advisors LLC increased its position in Amazon.com by 46.0% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 16,921 shares of the e-commerce giant’s stock valued at $1,748,000 after acquiring an additional 5,334 shares during the period. Hartford Funds Management Co LLC increased its position in Amazon.com by 12.9% in the 1st quarter. Hartford Funds Management Co LLC now owns 4,731 shares of the e-commerce giant’s stock valued at $489,000 after acquiring an additional 541 shares during the period. Capital Insight Partners LLC increased its position in Amazon.com by 12.9% in the 1st quarter. Capital Insight Partners LLC now owns 23,243 shares of the e-commerce giant’s stock valued at $2,401,000 after acquiring an additional 2,661 shares during the period. GFS Advisors LLC increased its position in Amazon.com by 0.4% in the 1st quarter. GFS Advisors LLC now owns 151,825 shares of the e-commerce giant’s stock valued at $15,682,000 after acquiring an additional 650 shares during the period. Finally, Telos Capital Management Inc. increased its position in Amazon.com by 1.6% in the 1st quarter. Telos Capital Management Inc. now owns 93,349 shares of the e-commerce giant’s stock valued at $9,642,000 after acquiring an additional 1,508 shares during the period. 56.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on AMZN. Tigress Financial upped their price target on shares of Amazon.com from $192.00 to $204.00 in a research report on Thursday, July 13th. Truist Financial increased their price objective on shares of Amazon.com from $142.00 to $144.00 in a research report on Wednesday, April 12th. CICC Research initiated coverage on shares of Amazon.com in a research report on Sunday, July 9th. They set an “outperform” rating for the company. Wolfe Research raised their price objective on shares of Amazon.com from $140.00 to $150.00 in a research note on Monday, July 10th. Finally, StockNews.com assumed coverage on shares of Amazon.com in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and thirty-nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $143.64.

Amazon.com Stock Up 3.1 %

Shares of NASDAQ AMZN opened at $132.21 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $146.57. The firm’s fifty day moving average is $126.73 and its 200 day moving average is $109.85. The company has a market cap of $1.36 trillion, a price-to-earnings ratio of 314.79, a PEG ratio of 2.45 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The business had revenue of $127.36 billion for the quarter, compared to the consensus estimate of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 EPS. On average, equities research analysts expect that Amazon.com, Inc. will post 1.55 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $104.34, for a total transaction of $54,256.80. Following the transaction, the chief executive officer now directly owns 135,760 shares of the company’s stock, valued at approximately $14,165,198.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $130.93, for a total value of $523,720.00. Following the sale, the chief executive officer now directly owns 564,301 shares of the company’s stock, valued at approximately $73,883,929.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $104.34, for a total transaction of $54,256.80. Following the completion of the sale, the chief executive officer now directly owns 135,760 shares in the company, valued at $14,165,198.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,825 shares of company stock valued at $8,546,865. 12.30% of the stock is currently owned by company insiders.

Amazon.com Profile

(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.