Hill Island Financial LLC Has $1.08 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Hill Island Financial LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 5,672 shares of the e-commerce giant’s stock after selling 213 shares during the period. Amazon.com makes up approximately 0.3% of Hill Island Financial LLC’s holdings, making the stock its 27th largest position. Hill Island Financial LLC’s holdings in Amazon.com were worth $1,079,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Momentous Wealth Management Inc. bought a new position in Amazon.com during the fourth quarter valued at about $749,000. Segall Bryant & Hamill LLC increased its stake in Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after acquiring an additional 39,696 shares during the period. Bearing Point Capital LLC bought a new position in Amazon.com during the fourth quarter valued at about $12,014,000. Evergreen Capital Management LLC increased its stake in Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock valued at $53,213,000 after acquiring an additional 1,198 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock valued at $759,434,000 after acquiring an additional 2,196,353 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Down 0.1%

NASDAQ:AMZN opened at $222.26 on Friday. The stock’s fifty day moving average price is $209.20 and its two-hundred day moving average price is $208.66. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market cap of $2.36 trillion, a price-to-earnings ratio of 36.20, a P/E/G ratio of 1.67 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the prior year, the business earned $0.98 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AMZN shares. Needham & Company LLC restated a “buy” rating and set a $220.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Piper Sandler restated an “overweight” rating and set a $212.00 price target (down from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Roth Capital set a $250.00 price target on Amazon.com and gave the company a “buy” rating in a research note on Tuesday. Truist Financial upped their price objective on Amazon.com from $226.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Finally, Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the company an “outperform” rating in a research note on Tuesday, July 1st. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $248.31.

Insider Buying and Selling

In other news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the transaction, the chief executive officer owned 2,148,694 shares of the company’s stock, valued at $432,532,102.20. This represents a 0.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total value of $3,577,867.50. Following the completion of the transaction, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $9,876,930. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,886,613 shares of company stock worth $1,531,840,610 over the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

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.