Howard Financial Services LTD. Has $6.41 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Howard Financial Services LTD. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,221 shares of the e-commerce giant’s stock after purchasing an additional 4,441 shares during the quarter. Amazon.com makes up approximately 0.9% of Howard Financial Services LTD.’s portfolio, making the stock its 27th largest position. Howard Financial Services LTD.’s holdings in Amazon.com were worth $6,411,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Icon Wealth Advisors LLC boosted its position in Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares during the last quarter. Hoese & Co LLP acquired a new stake in shares of Amazon.com during the 3rd quarter valued at about $37,000. Bull Oak Capital LLC bought a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $45,000. Values First Advisors Inc. acquired a new position in Amazon.com in the third quarter worth approximately $56,000. Finally, IFS Advisors LLC raised its position in Amazon.com by 1,625.0% during the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock valued at $76,000 after acquiring an additional 325 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AMZN shares. TD Cowen lifted their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Mizuho upped their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. UBS Group raised their price objective on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Wedbush reaffirmed an “outperform” rating and set a $280.00 target price (up previously from $260.00) on shares of Amazon.com in a research report on Monday, January 27th. Finally, Scotiabank increased their price target on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $250.33.

Amazon.com Trading Up 1.3 %

AMZN opened at $237.68 on Friday. The stock has a market capitalization of $2.50 trillion, a price-to-earnings ratio of 50.90, a P/E/G ratio of 1.35 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $241.77. The company has a 50-day simple moving average of $223.02 and a 200 day simple moving average of $198.55.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company 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 quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 EPS. Analysts predict that Amazon.com, Inc. will post 5.3 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,027,340 shares of company stock worth $1,252,456,773 over the last three months. Corporate insiders own 10.80% of the company’s stock.

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.