Hudock Inc. Has $1.64 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Hudock Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,611 shares of the e-commerce giant’s stock after acquiring an additional 1,244 shares during the period. Hudock Inc.’s holdings in Amazon.com were worth $1,638,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Capital Wealth Partners LLC increased its stake in Amazon.com by 0.5% in the 1st quarter. Legacy Capital Wealth Partners LLC now owns 17,986 shares of the e-commerce giant’s stock valued at $3,422,000 after buying an additional 94 shares during the last quarter. Napatree Capital LLC increased its stake in Amazon.com by 8.1% in the 1st quarter. Napatree Capital LLC now owns 10,451 shares of the e-commerce giant’s stock valued at $1,988,000 after buying an additional 782 shares during the last quarter. Windsor Capital Management LLC increased its stake in Amazon.com by 16.8% in the 1st quarter. Windsor Capital Management LLC now owns 3,879 shares of the e-commerce giant’s stock valued at $738,000 after buying an additional 557 shares during the last quarter. Lineweaver Wealth Advisors LLC grew its position in shares of Amazon.com by 2.0% in the 1st quarter. Lineweaver Wealth Advisors LLC now owns 25,715 shares of the e-commerce giant’s stock valued at $4,893,000 after acquiring an additional 516 shares during the period. Finally, Allen Capital Group LLC grew its position in shares of Amazon.com by 19.4% in the 1st quarter. Allen Capital Group LLC now owns 39,655 shares of the e-commerce giant’s stock valued at $7,545,000 after acquiring an additional 6,435 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

NASDAQ AMZN opened at $230.98 on Friday. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a 50-day simple moving average of $221.06 and a 200 day simple moving average of $208.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a market capitalization of $2.46 trillion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter last year, the company posted $1.26 earnings per share. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 25,096,253 shares of company stock worth $5,673,745,409 in the last three months. 9.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. BMO Capital Markets lifted their price objective on shares of Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Wells Fargo & Company lifted their target price on shares of Amazon.com from $238.00 to $245.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Royal Bank Of Canada lifted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Truist Financial lifted their target price on shares of Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Finally, Piper Sandler lifted their target price on shares of Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus target price of $262.87.

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.