Crossmark Global Holdings Inc. Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Crossmark Global Holdings Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 603,420 shares of the e-commerce giant’s stock after buying an additional 6,805 shares during the period. Amazon.com accounts for approximately 2.2% of Crossmark Global Holdings Inc.’s investment portfolio, making the stock its 4th biggest holding. Crossmark Global Holdings Inc.’s holdings in Amazon.com were worth $116,611,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cooksen Wealth LLC bought a new stake in Amazon.com during the fourth quarter worth $30,000. Clarity Asset Management Inc. bought a new stake in Amazon.com during the fourth quarter worth $46,000. Christopher J. Hasenberg Inc boosted its holdings in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the last quarter. Steph & Co. bought a new position in Amazon.com during the first quarter valued at about $65,000. Finally, Advantage Trust Co purchased a new stake in Amazon.com during the fourth quarter worth about $68,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 1.2 %

NASDAQ:AMZN opened at $193.88 on Tuesday. The firm has a market capitalization of $2.02 trillion, a P/E ratio of 54.31, a P/E/G ratio of 1.39 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average of $178.57 and a 200 day moving average of $182.22. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. On average, research analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on AMZN shares. Piper Sandler decreased their target price on Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Itau BBA Securities lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a research report on Friday, August 2nd. Sanford C. Bernstein boosted their price target on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Stifel Nicolaus cut their price objective on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, UBS Group increased their target price on Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $222.84.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the transaction, the insider now directly owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the transaction, the chief executive officer now owns 519,753 shares in the company, valued at approximately $101,866,390.47. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the sale, the insider now directly owns 931,925,277 shares in the company, valued at $186,450,290,169.39. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. 10.80% of the stock is currently owned by company insiders.

Amazon.com 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.