Amazon.com, Inc. (NASDAQ:AMZN) Stake Boosted by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,417 shares of the e-commerce giant’s stock after purchasing an additional 188 shares during the quarter. Amazon.com accounts for about 1.5% of Hohimer Wealth Management LLC’s investment portfolio, making the stock its 9th largest position. Hohimer Wealth Management LLC’s holdings in Amazon.com were worth $6,972,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. MinichMacGregor Wealth Management LLC raised its position in shares of Amazon.com by 1.7% during the second quarter. MinichMacGregor Wealth Management LLC now owns 9,481 shares of the e-commerce giant’s stock valued at $1,832,000 after buying an additional 163 shares during the last quarter. Raymond James Trust CO. of NH bought a new stake in shares of Amazon.com during the second quarter valued at approximately $220,000. Addison Capital Co raised its position in shares of Amazon.com by 6.5% during the second quarter. Addison Capital Co now owns 16,691 shares of the e-commerce giant’s stock valued at $3,226,000 after buying an additional 1,013 shares during the last quarter. First Heartland Consultants Inc. raised its position in shares of Amazon.com by 13.4% during the second quarter. First Heartland Consultants Inc. now owns 72,243 shares of the e-commerce giant’s stock valued at $13,961,000 after buying an additional 8,557 shares during the last quarter. Finally, Rooted Wealth Advisors Inc. raised its position in shares of Amazon.com by 7.5% during the second quarter. Rooted Wealth Advisors Inc. now owns 7,498 shares of the e-commerce giant’s stock valued at $1,378,000 after buying an additional 524 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % 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, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $223.35 on Thursday. The company has a market capitalization of $2.35 trillion, a PE ratio of 47.83, a P/E/G ratio of 1.54 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a 50-day simple moving average of $217.02 and a two-hundred day simple moving average of $195.74. Amazon.com, Inc. has a one year low of $149.91 and a one year high of $233.00.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. Research analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AMZN shares. Sanford C. Bernstein lifted their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Wolfe Research lifted their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Susquehanna lifted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Cantor Fitzgerald restated an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $245.65.

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.