Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lifted by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 10.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,394 shares of the e-commerce giant’s stock after purchasing an additional 4,466 shares during the period. Amazon.com accounts for 1.7% of Hohimer Wealth Management LLC’s holdings, making the stock its 6th biggest holding. Hohimer Wealth Management LLC’s holdings in Amazon.com were worth $8,827,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Bogart Wealth LLC lifted its holdings in Amazon.com by 0.9% in the 1st quarter. Bogart Wealth LLC now owns 83,246 shares of the e-commerce giant’s stock worth $15,838,000 after purchasing an additional 766 shares in the last quarter. Sigma Planning Corp grew its holdings in Amazon.com by 3.0% during the 1st quarter. Sigma Planning Corp now owns 344,459 shares of the e-commerce giant’s stock valued at $65,537,000 after buying an additional 9,971 shares in the last quarter. Catalyst Financial Partners LLC grew its holdings in Amazon.com by 10.5% during the 1st quarter. Catalyst Financial Partners LLC now owns 49,909 shares of the e-commerce giant’s stock valued at $9,496,000 after buying an additional 4,755 shares in the last quarter. Slow Capital Inc. grew its holdings in Amazon.com by 21.6% during the 1st quarter. Slow Capital Inc. now owns 151,663 shares of the e-commerce giant’s stock valued at $28,855,000 after buying an additional 26,988 shares in the last quarter. Finally, Edgestream Partners L.P. grew its holdings in Amazon.com by 16.7% during the 1st quarter. Edgestream Partners L.P. now owns 47,063 shares of the e-commerce giant’s stock valued at $8,954,000 after buying an additional 6,725 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMZN. Roth Capital set a $250.00 price target on Amazon.com and gave the company a “buy” rating in a report on Tuesday, July 8th. Oppenheimer cut their price target on Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a report on Friday, August 1st. Citigroup raised their price target on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Piper Sandler raised their price target on Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. One equities research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus price target of $262.45.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer owned 512,050 shares in the company, valued at approximately $111,114,850. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,101,037 shares of company stock worth $5,674,726,368. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $221.30 on Tuesday. The firm has a market capitalization of $2.36 trillion, a P/E ratio of 33.73, a PEG ratio of 1.50 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average price of $219.94 and a 200 day moving average price of $208.52. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com’s revenue was up 13.3% on a year-over-year basis. During the same period last year, the firm posted $1.26 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 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.