Hopwood Financial Services Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 9.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,491 shares of the e-commerce giant’s stock after purchasing an additional 213 shares during the quarter. Hopwood Financial Services Inc.’s holdings in Amazon.com were worth $474,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. LSV Asset Management acquired a new position in Amazon.com during the fourth quarter valued at approximately $35,000. Cooksen Wealth LLC acquired a new position in Amazon.com during the first quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com during the first quarter valued at approximately $40,000. Capitol Family Office Inc. acquired a new position in Amazon.com during the first quarter valued at approximately $42,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in Amazon.com during the first quarter valued at approximately $59,000. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Stock Performance
Shares of AMZN stock opened at $229.00 on Tuesday. The company’s fifty day simple moving average is $224.66 and its 200-day simple moving average is $207.80. 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 firm has a market cap of $2.44 trillion, a PE ratio of 34.91, a P/E/G ratio of 1.54 and a beta of 1.31. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52.
Insider Activity
In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the sale, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. This represents a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president directly owned 119,780 shares in the company, valued at $26,548,039.20. This trade represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,095,411 shares of company stock valued at $5,675,473,849. 10.80% of the stock is owned by corporate insiders.
Analyst Ratings Changes
AMZN has been the subject of a number of analyst reports. BNP Paribas upgraded shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Barclays lifted their price target on shares of Amazon.com from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Westpark Capital reaffirmed a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Citigroup reaffirmed an “overweight” rating on shares of Amazon.com in a research note on Wednesday, August 13th. Finally, Susquehanna lifted their price target on shares of Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $262.87.
Read Our Latest Stock Report on AMZN
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.
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