Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Hoertkorn Richard Charles

Hoertkorn Richard Charles grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 27.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,322 shares of the e-commerce giant’s stock after purchasing an additional 2,415 shares during the quarter. Amazon.com makes up approximately 1.0% of Hoertkorn Richard Charles’ portfolio, making the stock its 24th largest holding. Hoertkorn Richard Charles’ holdings in Amazon.com were worth $2,154,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com in the 4th quarter valued at about $25,000. Prudent Man Investment Management Inc. bought a new position in Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management acquired a new position in Amazon.com during the fourth quarter valued at approximately $35,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the first quarter worth $40,000. Finally, Perritt Capital Management Inc raised its position in shares of Amazon.com by 72.7% in the fourth 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. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 1.4%

Shares of Amazon.com stock opened at $229.19 on Tuesday. The stock has a market cap of $2.43 trillion, a price-to-earnings ratio of 37.33, a PEG ratio of 1.69 and a beta of 1.33. The company has a fifty day simple moving average of $213.50 and a 200-day simple moving average of $208.51. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AMZN shares. Bank of America upped their target price on shares of Amazon.com from $230.00 to $248.00 and gave the stock a “buy” rating in a research note on Monday, June 2nd. Westpark Capital restated a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Wedbush restated an “outperform” rating and set a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Citigroup reaffirmed a “market outperform” rating on shares of Amazon.com in a research report on Thursday, July 10th. Finally, BNP Paribas upgraded Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $250.02.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 733,195 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total transaction of $166,449,928.90. Following the completion of the transaction, the insider owned 894,546,706 shares in the company, valued at $203,079,993,196.12. This trade represents a 0.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 transaction, the chief executive officer owned 514,550 shares in the company, valued at approximately $113,231,873. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,335,232 shares of company stock worth $3,210,622,570. 10.80% of the stock is owned by 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.