Amazon.com, Inc. $AMZN Stock Position Increased by Horizon Investment Services LLC

Horizon Investment Services LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 9.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,268 shares of the e-commerce giant’s stock after purchasing an additional 2,222 shares during the quarter. Amazon.com comprises 2.4% of Horizon Investment Services LLC’s holdings, making the stock its 14th biggest position. Horizon Investment Services LLC’s holdings in Amazon.com were worth $4,998,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AMZN. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com during the 4th quarter worth about $25,000. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $27,000. LSV Asset Management bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $35,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 1st quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the 1st quarter worth approximately $40,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

Shares of AMZN stock opened at $231.49 on Tuesday. 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 $2.47 trillion, a P/E ratio of 35.29, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. The company’s 50 day moving average price is $221.70 and its two-hundred day moving average price is $208.21. 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 earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the company posted $1.26 EPS. On average, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $217.00, for a total transaction of $542,500.00. Following the sale, the chief executive officer owned 512,050 shares in the company, valued at $111,114,850. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,096,253 shares of company stock worth $5,673,745,409 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AMZN shares. Telsey Advisory Group reissued an “outperform” rating and issued a $265.00 target price on shares of Amazon.com in a research report on Wednesday, August 13th. Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research report on Tuesday, July 1st. Piper Sandler boosted their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. BNP Paribas Exane raised shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price objective on the stock in a research report on Friday, June 27th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. One investment 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 stock. According to MarketBeat, Amazon.com has a consensus rating of “Buy” and a consensus target price of $262.87.

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.