Hudock Inc. Has $1.20 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Hudock Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 1,916.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,273 shares of the e-commerce giant’s stock after purchasing an additional 10,714 shares during the quarter. Hudock Inc.’s holdings in Amazon.com were worth $1,197,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Emerald Advisors LLC lifted its holdings in shares of Amazon.com by 0.5% during the 1st quarter. Emerald Advisors LLC now owns 831 shares of the e-commerce giant’s stock valued at $2,709,000 after purchasing an additional 4 shares in the last quarter. Sage Financial Management Group Inc. lifted its holdings in shares of Amazon.com by 6.5% during the 1st quarter. Sage Financial Management Group Inc. now owns 66 shares of the e-commerce giant’s stock valued at $215,000 after purchasing an additional 4 shares in the last quarter. BlackDiamond Wealth Management Inc. lifted its holdings in shares of Amazon.com by 1.9% during the 1st quarter. BlackDiamond Wealth Management Inc. now owns 217 shares of the e-commerce giant’s stock valued at $707,000 after purchasing an additional 4 shares in the last quarter. Tandem Capital Management Corp ADV lifted its holdings in shares of Amazon.com by 4.0% during the 1st quarter. Tandem Capital Management Corp ADV now owns 129 shares of the e-commerce giant’s stock valued at $372,000 after purchasing an additional 5 shares in the last quarter. Finally, BCGM Wealth Management LLC lifted its holdings in shares of Amazon.com by 3.0% during the 1st quarter. BCGM Wealth Management LLC now owns 172 shares of the e-commerce giant’s stock valued at $428,000 after purchasing an additional 5 shares in the last quarter. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, major shareholder Amazon Com Inc sold 250,000 shares of the company’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $23.61, for a total value of $5,902,500.00. Following the completion of the transaction, the insider now owns 14,178,445 shares of the company’s stock, valued at approximately $334,753,086.45. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, major shareholder Amazon Com Inc sold 250,000 shares of the stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $23.61, for a total value of $5,902,500.00. Following the completion of the sale, the insider now owns 14,178,445 shares of the company’s stock, valued at $334,753,086.45. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Adam Selipsky sold 345 shares of the stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the sale, the chief executive officer now directly owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The disclosure for this sale can be found here. Insiders sold a total of 287,913 shares of company stock valued at $10,977,635 in the last 90 days. Corporate insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Truist Financial cut their target price on Amazon.com from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. UBS Group boosted their target price on Amazon.com from $167.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Morgan Stanley cut their target price on Amazon.com from $175.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Benchmark cut their target price on Amazon.com from $160.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Finally, JPMorgan Chase & Co. cut their target price on Amazon.com from $175.00 to $145.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and forty-two have given a buy rating to the company. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $150.89.

Amazon.com Price Performance

Shares of AMZN opened at $98.94 on Wednesday. Amazon.com, Inc. has a 12-month low of $85.87 and a 12-month high of $188.11. The business has a 50-day simple moving average of $112.81 and a two-hundred day simple moving average of $117.71. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.01 trillion, a PE ratio of 90.81, a PEG ratio of 8.01 and a beta of 1.23.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The business had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 0.62 earnings per share for the current fiscal year.

Amazon.com Company Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

See Also

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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