Hixon Zuercher LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 0.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,169 shares of the e-commerce giant’s stock after buying an additional 147 shares during the quarter. Amazon.com comprises 2.4% of Hixon Zuercher LLC’s holdings, making the stock its 17th biggest position. Hixon Zuercher LLC’s holdings in Amazon.com were worth $4,845,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of AMZN. Laurel Wealth Planning LLC grew its holdings in shares of Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Amazon.com during the 4th quarter worth $37,000. Swaine & Leidel Wealth Services LLC bought a new stake in shares of Amazon.com during the 1st quarter worth approximately $38,000. Ruedi Wealth Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter worth approximately $40,000. Finally, Atlantic Private Wealth LLC bought a new stake in shares of Amazon.com during the 1st quarter worth approximately $43,000. Institutional investors and hedge funds own 57.96% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on AMZN shares. Wedbush reaffirmed an “outperform” rating and set a $180.00 price target on shares of Amazon.com in a report on Monday, September 25th. Mizuho reissued a “buy” rating and set a $180.00 price target on shares of Amazon.com in a report on Wednesday, September 27th. Morgan Stanley reissued an “overweight” rating and set a $175.00 price target on shares of Amazon.com in a report on Monday. Wells Fargo & Company reissued an “overweight” rating and set a $165.00 price target on shares of Amazon.com in a report on Thursday, September 21st. Finally, Canaccord Genuity Group lifted their price target 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. Three investment analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.30.
Amazon.com Trading Down 3.7 %
NASDAQ AMZN opened at $124.72 on Wednesday. The company has a market cap of $1.29 trillion, a price-to-earnings ratio of 98.21, a P/E/G ratio of 1.68 and a beta of 1.24. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $145.86. The business has a 50 day moving average price of $134.80 and a 200-day moving average price of $122.44. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. The firm had revenue of $134.38 billion during the quarter, compared to analysts’ expectations of $131.54 billion. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. As a group, equities analysts expect that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.
Insider Activity
In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $129.48, for a total value of $64,740.00. Following the transaction, the chief executive officer now owns 149,780 shares in the company, valued at $19,393,514.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $133.87, for a total value of $414,997.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $16,034,948.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $129.48, for a total value of $64,740.00. Following the completion of the transaction, the chief executive officer now directly owns 149,780 shares of the company’s stock, valued at $19,393,514.40. The disclosure for this sale can be found here. Insiders sold 1,404,645 shares of company stock worth $54,699,728 over the last three months. 12.70% of the stock is currently owned by insiders.
About Amazon.com
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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