Houlihan Financial Resource Group Ltd. Has $5.32 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Houlihan Financial Resource Group Ltd. cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,541 shares of the e-commerce giant’s stock after selling 80 shares during the quarter. Amazon.com makes up 2.2% of Houlihan Financial Resource Group Ltd.’s portfolio, making the stock its 14th largest holding. Houlihan Financial Resource Group Ltd.’s holdings in Amazon.com were worth $5,318,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Covestor Ltd increased its holdings in shares of Amazon.com by 1.8% in the third quarter. Covestor Ltd now owns 5,339 shares of the e-commerce giant’s stock valued at $994,000 after purchasing an additional 95 shares in the last quarter. 17 Capital Partners LLC grew its holdings in Amazon.com by 1.5% during the third quarter. 17 Capital Partners LLC now owns 10,502 shares of the e-commerce giant’s stock valued at $1,957,000 after purchasing an additional 160 shares during the period. Mach 1 Financial Group LLC increased its position in shares of Amazon.com by 5.7% in the 3rd quarter. Mach 1 Financial Group LLC now owns 14,256 shares of the e-commerce giant’s stock valued at $2,656,000 after buying an additional 763 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its holdings in shares of Amazon.com by 1.3% in the third quarter. Mesirow Financial Investment Management Inc. now owns 417,110 shares of the e-commerce giant’s stock worth $77,720,000 after acquiring an additional 5,318 shares in the last quarter. Finally, XML Financial LLC lifted its stake in Amazon.com by 0.7% in the third quarter. XML Financial LLC now owns 52,914 shares of the e-commerce giant’s stock valued at $9,859,000 after buying an additional 373 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

AMZN stock opened at $223.29 on Friday. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $205.11 and a 200-day moving average price of $190.98. The firm has a market cap of $2.35 trillion, a PE ratio of 47.81, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Susquehanna boosted their target price on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Truist Financial raised their price target on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Benchmark increased their target price on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wedbush lifted their price target on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, TD Cowen raised their target price on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a 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 issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $242.00.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on 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 of the company’s stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares of the company’s stock, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,034,534 shares of company stock worth $1,253,883,872. 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.