Hollencrest Capital Management Has $16.62 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Hollencrest Capital Management lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,189 shares of the e-commerce giant’s stock after selling 264 shares during the quarter. Amazon.com accounts for 0.7% of Hollencrest Capital Management’s holdings, making the stock its 26th biggest position. Hollencrest Capital Management’s holdings in Amazon.com were worth $16,619,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AMZN. ABLE Financial Group LLC lifted its position in shares of Amazon.com by 0.8% in the third quarter. ABLE Financial Group LLC now owns 22,814 shares of the e-commerce giant’s stock worth $4,251,000 after purchasing an additional 187 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. increased its stake in Amazon.com by 5.6% in the 3rd quarter. Strategic Family Wealth Counselors L.L.C. now owns 5,756 shares of the e-commerce giant’s stock valued at $1,073,000 after buying an additional 306 shares during the last quarter. Capital Performance Advisors LLP increased its stake in Amazon.com by 26.7% in the 3rd quarter. Capital Performance Advisors LLP now owns 20,077 shares of the e-commerce giant’s stock valued at $3,741,000 after buying an additional 4,231 shares during the last quarter. Philip James Wealth Mangement LLC lifted its position in Amazon.com by 12.8% during the 3rd quarter. Philip James Wealth Mangement LLC now owns 8,369 shares of the e-commerce giant’s stock worth $1,559,000 after buying an additional 951 shares in the last quarter. Finally, Stiles Financial Services Inc boosted its stake in shares of Amazon.com by 0.7% during the 3rd quarter. Stiles Financial Services Inc now owns 39,572 shares of the e-commerce giant’s stock worth $7,373,000 after buying an additional 289 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AMZN shares. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $197.00 target price on shares of Amazon.com in a research report on Wednesday, November 20th. Stifel Nicolaus boosted their price target on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Susquehanna increased their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Pivotal Research initiated coverage on shares of Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 target price for the company. Finally, TD Cowen upped their price target on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $240.67.

Amazon.com Stock Down 0.8 %

Shares of NASDAQ AMZN opened at $231.15 on Wednesday. The stock has a market capitalization of $2.43 trillion, a P/E ratio of 49.50, a PEG ratio of 1.54 and a beta of 1.16. The stock’s fifty day moving average is $203.67 and its 200 day moving average is $190.54. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week high of $233.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the sale, the chief executive officer now directly owns 518,911 shares in the company, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,034,534 shares of company stock worth $1,253,883,872 over the last three months. Insiders own 10.80% of the company’s stock.

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.