Hoge Financial Services LLC Has $783,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Hoge Financial Services LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,113 shares of the e-commerce giant’s stock after buying an additional 293 shares during the quarter. Amazon.com accounts for approximately 0.5% of Hoge Financial Services LLC’s investment portfolio, making the stock its 24th largest position. Hoge Financial Services LLC’s holdings in Amazon.com were worth $783,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com during the 4th quarter valued at approximately $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the 4th quarter valued at approximately $27,000. LSV Asset Management acquired a new stake in Amazon.com during the 4th quarter valued at approximately $35,000. Perritt Capital Management Inc increased its position in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares during the period. Finally, Compass Planning Associates Inc acquired a new stake in Amazon.com during the 4th quarter valued at approximately $51,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other news, VP Shelley Reynolds sold 2,695 shares of the firm’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at $24,050,626.20. This trade represents a 2.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the sale, the chief executive officer directly owned 514,550 shares of the company’s stock, valued at approximately $113,231,873. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,426,963 shares of company stock worth $757,297,707. 9.70% of the stock is owned by insiders.

Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. UBS Group reissued a “buy” rating on shares of Amazon.com in a research report on Tuesday, May 6th. The Goldman Sachs Group decreased their target price on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. BNP Paribas raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Evercore ISI reduced their price objective on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Finally, Wall Street Zen downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $245.60.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $223.13 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock’s fifty day simple moving average is $206.44 and its two-hundred day simple moving average is $208.62. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock has a market cap of $2.37 trillion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same period last year, the business earned $0.98 EPS. The business’s revenue was up 8.6% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com Company Profile

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.