Hengehold Capital Management LLC Buys 469 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Hengehold Capital Management LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,723 shares of the e-commerce giant’s stock after acquiring an additional 469 shares during the quarter. Hengehold Capital Management LLC’s holdings in Amazon.com were worth $2,371,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AMZN. Mayport LLC grew its holdings in Amazon.com by 5.2% during the third quarter. Mayport LLC now owns 9,245 shares of the e-commerce giant’s stock valued at $1,723,000 after purchasing an additional 455 shares during the period. Kowal Investment Group LLC grew its holdings in shares of Amazon.com by 5.7% in the 3rd quarter. Kowal Investment Group LLC now owns 19,466 shares of the e-commerce giant’s stock valued at $3,627,000 after buying an additional 1,057 shares during the period. Beech Hill Advisors Inc. increased its position in shares of Amazon.com by 1.7% in the 3rd quarter. Beech Hill Advisors Inc. now owns 61,299 shares of the e-commerce giant’s stock valued at $11,422,000 after buying an additional 1,034 shares in the last quarter. Tamar Securities LLC raised its stake in Amazon.com by 12.9% during the 3rd quarter. Tamar Securities LLC now owns 179,980 shares of the e-commerce giant’s stock worth $33,536,000 after buying an additional 20,610 shares during the period. Finally, FLC Capital Advisors lifted its holdings in Amazon.com by 1.2% during the third quarter. FLC Capital Advisors now owns 29,521 shares of the e-commerce giant’s stock worth $5,501,000 after acquiring an additional 345 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

NASDAQ AMZN opened at $202.61 on Friday. Amazon.com, Inc. has a 12-month low of $139.52 and a 12-month high of $215.90. The firm has a 50-day moving average price of $190.54 and a two-hundred day moving average price of $185.54. The company has a market capitalization of $2.13 trillion, a P/E ratio of 43.39, a P/E/G ratio of 1.44 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 (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 earnings per share. Analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the transaction, the insider now directly owns 914,420,614 shares of the company’s stock, valued at $189,056,461,944.50. This trade represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The trade was a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,053,349 shares of company stock worth $1,256,503,289. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AMZN. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a research report on Monday, October 7th. Itau BBA Securities downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a report on Friday, August 2nd. Needham & Company LLC upped their price target on shares of Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a report on Thursday. Truist Financial raised their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Benchmark boosted their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $235.45.

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.