Hapanowicz & Associates Financial Services Inc Sells 364 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Hapanowicz & Associates Financial Services Inc trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.2% during the 4th quarter, Holdings Channel reports. The fund owned 2,884 shares of the e-commerce giant’s stock after selling 364 shares during the period. Amazon.com comprises about 0.3% of Hapanowicz & Associates Financial Services Inc’s portfolio, making the stock its 21st largest position. Hapanowicz & Associates Financial Services Inc’s holdings in Amazon.com were worth $438,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. ACT Advisors LLC. purchased a new stake in shares of Amazon.com during the 3rd quarter worth $260,000. Zullo Investment Group Inc. lifted its position in shares of Amazon.com by 2.6% during the third quarter. Zullo Investment Group Inc. now owns 44,765 shares of the e-commerce giant’s stock valued at $5,691,000 after buying an additional 1,148 shares during the last quarter. Cardinal Point Capital Management ULC bought a new stake in shares of Amazon.com in the 3rd quarter valued at about $208,000. MCF Advisors LLC grew its position in shares of Amazon.com by 1.8% in the 3rd quarter. MCF Advisors LLC now owns 23,522 shares of the e-commerce giant’s stock worth $2,990,000 after buying an additional 411 shares during the last quarter. Finally, Solidarity Wealth LLC raised its stake in shares of Amazon.com by 26.5% during the 3rd quarter. Solidarity Wealth LLC now owns 126,848 shares of the e-commerce giant’s stock worth $16,125,000 after acquiring an additional 26,556 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other news, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the transaction, the director now directly owns 4,760 shares of the company’s stock, valued at $886,407.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the sale, the director now owns 4,760 shares in the company, valued at approximately $886,407.20. The disclosure for this sale can be found here. Insiders sold 26,198,961 shares of company stock valued at $4,482,430,577 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AMZN has been the topic of several analyst reports. Monness Crespi & Hardt lifted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. DA Davidson restated a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research note on Thursday, April 18th. TD Cowen raised their price target on Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Maxim Group lowered their target price on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $211.62.

Amazon.com Trading Down 0.4 %

Shares of Amazon.com stock opened at $188.00 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a twelve month low of $105.16 and a twelve month high of $189.94. The firm has a market capitalization of $1.96 trillion, a PE ratio of 52.66, a P/E/G ratio of 1.35 and a beta of 1.15. The firm’s 50-day moving average price is $179.60 and its 200 day moving average price is $161.63.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter last year, the business posted $0.31 earnings per share. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, sell-side analysts predict that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

About Amazon.com

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.