Hoxton Planning & Management LLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Hoxton Planning & Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,219 shares of the e-commerce giant’s stock after acquiring an additional 95 shares during the quarter. Amazon.com makes up about 0.8% of Hoxton Planning & Management LLC’s holdings, making the stock its 24th biggest holding. Hoxton Planning & Management LLC’s holdings in Amazon.com were worth $2,090,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AMZN. Deltec Asset Management LLC grew its position in Amazon.com by 8.5% in the 1st quarter. Deltec Asset Management LLC now owns 195,695 shares of the e-commerce giant’s stock valued at $35,299,000 after buying an additional 15,253 shares during the last quarter. Strata Wealth Advisors LLC grew its holdings in shares of Amazon.com by 5.7% in the 1st quarter. Strata Wealth Advisors LLC now owns 4,899 shares of the e-commerce giant’s stock worth $884,000 after acquiring an additional 264 shares during the period. Chatham Capital Group Inc. raised its stake in shares of Amazon.com by 5.5% during the 1st quarter. Chatham Capital Group Inc. now owns 5,699 shares of the e-commerce giant’s stock worth $1,028,000 after buying an additional 298 shares during the last quarter. WJ Wealth Management LLC lifted its holdings in shares of Amazon.com by 2.7% in the first quarter. WJ Wealth Management LLC now owns 20,002 shares of the e-commerce giant’s stock valued at $3,608,000 after purchasing an additional 534 shares in the last quarter. Finally, Blue Zone Wealth Advisors LLC lifted its stake in Amazon.com by 0.6% in the 1st quarter. Blue Zone Wealth Advisors LLC now owns 30,456 shares of the e-commerce giant’s stock valued at $5,494,000 after buying an additional 170 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMZN. Stifel Nicolaus boosted their price objective on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday. TD Securities lifted their price target on shares of Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Telsey Advisory Group upped their target price on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday. Evercore ISI lifted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Monness Crespi & Hardt upped their target price on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $246.48.

Insiders Place Their Bets

In related news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,855 shares of company stock valued at $9,215,048. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

NASDAQ AMZN opened at $195.78 on Tuesday. The company’s fifty day moving average is $185.23 and its two-hundred day moving average is $183.89. Amazon.com, Inc. has a 52-week low of $138.36 and a 52-week high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a market capitalization of $2.05 trillion, a price-to-earnings ratio of 41.92, a P/E/G ratio of 1.42 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 23.46% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the business earned $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts forecast that Amazon.com, Inc. will post 4.84 EPS for the current 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.