Bank of Hawaii boosted its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,838 shares of the e-commerce giant’s stock after buying an additional 1,074 shares during the period. Bank of Hawaii’s holdings in Amazon.com were worth $7,523,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Fiduciary Planning LLC increased its stake in shares of Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after purchasing an additional 5 shares during the period. HBC Financial Services PLLC increased its position in Amazon.com by 0.8% during the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after buying an additional 5 shares during the period. Meridian Investment Counsel Inc. lifted its holdings in shares of Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after buying an additional 5 shares in the last quarter. Alterna Wealth Management Inc. boosted its position in shares of Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after acquiring an additional 5 shares during the period. Finally, Archetype Wealth Partners grew its stake in shares of Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after acquiring an additional 6 shares in the last quarter. 57.96% of the stock is owned by institutional investors and hedge funds.
Amazon.com Stock Down 0.6 %
Amazon.com stock opened at $137.27 on Wednesday. The company has a market capitalization of $1.42 trillion, a PE ratio of 108.09, a PEG ratio of 1.83 and a beta of 1.24. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $143.63. The firm’s fifty day moving average is $133.28 and its 200 day moving average is $116.83. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on AMZN. Canaccord Genuity Group boosted their price objective on shares of Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a report on Friday, August 4th. BNP Paribas raised Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price objective for the company in a report on Friday, August 4th. Morgan Stanley upped their target price on Amazon.com from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, August 4th. Credit Suisse Group raised their price target on Amazon.com from $176.00 to $189.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Finally, Wolfe Research upped their price objective on shares of Amazon.com from $140.00 to $150.00 in a research report on Monday, July 10th. Two equities research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $160.87.
Get Our Latest Stock Report on AMZN
Insiders Place Their Bets
In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total transaction of $62,535.00. Following the completion of the sale, the chief executive officer now owns 151,780 shares in the company, valued at $18,983,124.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $130.93, for a total transaction of $523,720.00. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $125.07, for a total value of $62,535.00. Following the completion of the transaction, the chief executive officer now owns 151,780 shares in the company, valued at approximately $18,983,124.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,361,829 shares of company stock worth $48,444,937. Corporate insiders own 12.70% of the company’s stock.
Amazon.com Company Profile
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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